Intellicheck reports three-year, seven-figure agreement with financial customer

Intellicheck (IDN) announced a financial customer has signed a new three-year agreement. This agreement expands the initial digital use-cases to also include teller workstation transactions. The total contract value in the high seven-figure range is expected to propel this client to a top three revenue generator for the company. The new agreement significantly expands the bank’s utilization of Intellicheck’s identity validation technology. This regional bank is now utilizing Intellicheck’s technology in their more than 1,900 branches nationwide. The initial annual contract value is anticipated to be a low-seven figure revenue amount paid in equal monthly installments for the first year as the product is rolled out throughout its system. The total contract value is anticipated to be a high seven-figure revenue amount. The company expects the additional contracted revenue to begin in the third quarter of 2025.