Tag: Business

–Patent-pending ‘real-time, real-sign’ electronic signature capture and receipt delivery via SMS/text disrupts traditional receipt processing–

RAHWAY, N.J. — (BUSINESS WIRE) — IMM, the only eSignature provider that specializes in digital transaction solutions exclusively for financial institutions, today announced from the Fiserv Credit Union Experience 2021, the release of its most innovative eTransaction application to date, eReceiptsPlus. The company’s patent-pending, cloud-based technology features real-time, remote-sign capabilities, enabling members or customers to complete end-to-end digital transactions, including remote embedded signature capture, directly from their mobile device via SMS (text) message.

The industry’s first real-time, remote ‘bring-your-own-device’ electronic signature capture and delivery solution, IMM eReceiptsPlus enables financial institutions to send digital receipts directly to members’ mobile devices. Using the SMS-enabled signature feature, the member is then able to electronically sign the transaction in real-time, regardless of their location. The receipt for the completed transaction, including the embedded signature, is then automatically archived and a final copy is provided to the member via text. The entire transaction is completed digitally within a matter of a few short minutes.

Chuck Klein, IMM CEO, said, “This past year, banks and credit unions alike were forced to re-examine the way they engaged with their members and customers, and quickly adapt to meet the ever-changing needs and demands of an increasingly digital society. We quickly responded to this need by creating new digital solutions that address the challenges facing our client institutions. The new advanced eReceiptsPlus is a testament to how dedicated our team is to providing institutions with the tools that can deliver a dynamic digital transaction experience. IMM is vigilant about providing the best eSignature and digital transaction solutions on the market today.”

Once the digital transaction is complete, the system automatically indexes and archives the completed receipt image into the Credit Union’s imaging system, while delivering a digital receipt to the customer/member via text or email. The advanced features streamline the process, enabling institutions to complete end-to-end digital transactions in a matter of minutes and regardless of physical circumstances or locations. Key benefits of eReceiptsPlus to financial institutions include:

• Improved in-branch experience, enabling the account holder to complete transactions directly on his/her device in a socially distanced, safer environment. The current reliance on traditional signature pads for eReceipts processing will be drastically reduced if not eliminated.
• Revolutionizing the drive-thru operation by leveraging the consumer’s mobile device instead of relying on antiquated pneumatic tubes to transfer physical pieces of paper, enabling the first, unique digital transaction capability.
• Call center agents will now be equipped to manage teller transactions requiring a signature, allowing the consumer to verify the information in real-time, right on their mobile device and electronically sign the receipt in real-time providing a more positive overall experience regardless of the member’s physical whereabouts or location.

Additionally, the new browser based IMM eReceiptsPlus features a more intuitive, optimized user design and interface, enabling branch personnel to help more members or customers, faster, while providing a more engaging, personalized experience.

IMM’s Executive Vice President, John Levy, said, “I believe our new eReceiptsPlus application will transform the way financial institutions interact with their customers. Digitally delivering receipts and capturing signatures right on the member’s mobile device is a more engaging, personalized experience, but also allows employees to be more effective at their jobs, completing more transactions, faster, with fewer mistakes and errors. The immediate response from our customers and partners is overwhelming, we are receiving inquiries from banks and credit unions across the country that understand just how significant this advancement in technology will be for the financial services industry.”

IMM is the only eSignature provider that specializes in digital transaction solutions exclusively for financial institutions. IMM uniquely views its customers as “shareholders”, placing great emphasis on customer satisfaction and success. In fact, IMM’s customers played a significant role in this most recent launch of a more advanced eReceipts platform, providing feedback, suggestions and input at every part of the product development process. Powering millions of end-to-end digital transactions monthly, IMM’s flagship eSignature platform, IMM eSign, seamlessly interfaces with all financial business systems to optimize back-office operations and provide more dynamic and engaging customer experiences.

About IMM

For 25 years, IMM has been the premier provider of eSignature and Digital Transaction solutions designed exclusively for financial institutions. Today, more than 1,500 banks and credit unions use IMM’s eSignature and Digital Transaction Management solutions across the Institution to elevate consumer experiences while streamlining back-office processes in a comprehensive, end-to-end digital processing environment.

For more information, visit www.immonline.com or call 1.800.836.4750. Follow us on LinkedIn, Facebook and Twitter.

Contacts

Anna Stanley

(251) 517-7857

anna@williammills.com

The simple cold storage wallet secures the world’s most popular cryptocurrencies with 3-factor authentication, protecting consumers from hacking and theft

SOMERSET, N.J. — (BUSINESS WIRE) — $DBDR #3FA–CompoSecure, L.L.C. (“CompoSecure”), a leading provider of premium financial payment cards and emergent provider of cryptocurrency storage and security solutions, today announced it has begun shipping its Arculus Key^TM card, the next generation of cryptocurrency cold storage, which is combined with the Arculus Wallet^TM mobile app that is now available for a free download on iOS and Android app stores. The Arculus solution uses 3-factor authentication and provides air-gapped protection (i.e., not connected to the internet at all) against hacking and theft, and is the size and shape of a metal credit card. The Arculus Key card is available for purchase for $99 through www.GetArculus.com.

“Simple and secure storage solutions are urgently needed for the more than 221 million crypto users around the world who are targets for fraud and theft,” said Jon Wilk, CEO of CompoSecure. “More than $8 billion in crypto has been hacked or stolen in 2021 thus far, doubling the previous year, including examples of crypto exchanges being hacked, personal devices being comprised, or usernames and passwords being phished that were part of these growing losses. Arculus gives customers control of their private keys using an air-gapped cold storage solution that provides a safer, simpler and a smarter way to secure crypto assets.”

Arculus makes it easy for consumers to manage cryptocurrency in one reliable place with the newly launched Arculus Wallet mobile app. The intuitively designed app enables consumers to send crypto to others, use fiat currency to buy crypto, and swap crypto-to-crypto by merely using “tap to transact” authentication, which allows the user to securely authorize the transaction with the Arculus Key card. The app supports transactions in the most popular cryptocurrencies, including: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC), TrueUSD (TUSD), Chainlink (LINK), Wrapped BTC (WBTC), DAI and Tether (USDT).

“The cryptocurrency cold storage solutions on the market today are clunky and overly complicated, so we designed and built an easy-to-use solution that is also one of the most secure on the market,” said Adam Lowe, Chief Innovation Officer of CompoSecure. “We need to securely keep hackers out, but easily let authenticated users into the device with behavior they already are familiar with, such as the tap to transact feature.”

The Arculus Key card works in tandem with the Arculus Wallet mobile app to protect each consumer’s private crypto keys with 3-factor authentication security that requires:

1. Something You Are — The Arculus Wallet app leverages biometric security systems on mobile devices (e.g., fingerprint or facial recognition).
2. Something You Know – The Arculus Wallet app requires a 6-digit PIN.
3. Something You Have – The Arculus Key card contains an EAL 6+ embedded secure element that holds the user’s encrypted private keys.

Consumers can purchase Arculus cards at www.GetArculus.com throughout the U.S. (subject to transaction restrictions in New York and Hawaii). The price for the Arculus Key card is $99, which includes free shipping and handling. Sales tax is not included.

On April 19, 2021, CompoSecure announced that it had signed a merger agreement with Roman DBDR Tech Acquisition Corp. (NASDAQ: DBDR) (“Roman DBDR”), a special purpose acquisition company. Upon closing of the proposed merger, the combined company will operate as CompoSecure, Inc. and plans to trade on the Nasdaq stock market. The transaction reflects a pro forma enterprise value for the combined company of approximately $1.2 billion. The transaction is expected to close in the second half of 2021 and remains subject to approval by Roman DBDR stockholders and other customary closing conditions.

About CompoSecure

Founded in 2000, CompoSecure is a pioneer and category leader in premium payment cards and an emergent provider of cryptocurrency and digital asset storage and security solutions. The company focuses on serving the affluent customers of payment card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers secure, innovative, and durable proprietary products that implement leading-edge engineering capabilities and security. CompoSecure’s mission is to increase clients’ brand equity in the marketplace by offering products and solutions which differentiate the brands they represent, thus elevating cardholder experience. For more information, please visit www.composecure.com. Arculus^TM was created with the mission to promote cryptocurrency adoption by making it safe, simple and secure for the average person to buy, swap and store cryptocurrency. With a strong background in security hardware and financial payments, the Arculus^TM solution was developed to allow people to use a familiar payment card form factor to manage their cryptocurrency. For more information, please visit www.GetArculus.com.

About Roman DBDR Tech Acquisition Corp.

Roman DBDR is a special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. While the company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies in the technology, media and telecom (“TMT”) industries. The company is led by its Co-Chief Executive Officers, Dr. Donald G. Basile and Dixon Doll, Jr. The Company’s experienced board of directors includes former NVCA Chairman and longtime venture capitalist Dixon Doll, Global Net Lease (NYSE: GNL) CEO James L. Nelson, former fund manager Paul Misir, investment banker and investor Arun Abraham, and entrepreneur Alan Clingman. For more information, please visit www.romandbdr.com Roman DBDR raised $236 million in its initial public offering (inclusive of underwriter’s exercise of over-allotment option) in November 2020 and is listed on Nasdaq under the symbol “DBDR.”

Forward-Looking Statements

Certain statements included in this Press Release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to statements regarding Roman DBDR’s or CompoSecure’s expectations, hopes, beliefs, intentions or strategies regarding the future, including, without limitation, statements regarding: (i) the ability of Roman DBDR and CompoSecure to complete the proposed merger described in the Press Release, (ii) the size, demand and growth potential of the markets for CompoSecure’s products and CompoSecure’s ability to serve those markets, (iii) the degree of market acceptance and adoption of CompoSecure’s products, (iv) CompoSecure’s ability to develop innovative products and compete with other companies engaged in the financial services and technology industry and (v) CompoSecure’s ability to attract and retain clients. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of CompoSecure’s and Roman DBDR’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, a prediction or a definitive statement of fact or probability. Neither Roman DBDR nor CompoSecure gives any assurance that either Roman DBDR or CompoSecure will achieve its expectations. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CompoSecure and Roman DBDR. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Roman DBDR’s and CompoSecure’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These factors include, among others: the inability to complete the proposed merger; the inability to recognize the anticipated benefits of the proposed merger, including due to the failure to receive required security holder approvals, or the failure of other closing conditions; and costs related to the proposed merger. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the preliminary proxy statement on Schedule 14A (the “Proxy Statement”) relating to the proposed merger filed by Roman DBDR with the U.S. Securities and Exchange Commission (the “SEC”) and the definitive proxy statement and other documents filed by Roman DBDR from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that none of Roman DBDR or CompoSecure presently know or that Roman DBDR or CompoSecure currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Roman DBDR’s and CompoSecure’s expectations, plans or forecasts of future events and views as of the date of this Press Release. Roman DBDR and CompoSecure anticipate that subsequent events and developments will cause Roman DBDR’s and CompoSecure’s assessments to change. However, while Roman DBDR and CompoSecure may elect to update these forward-looking statements at some point in the future, Roman DBDR and CompoSecure specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Roman DBDR’s and CompoSecure’s assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Certain market data information in this Press Release is based on the estimates of CompoSecure and Roman DBDR management.

Additional Information about the Proposed Merger and Where to Find It

In connection with the proposed merger, Roman DBDR has filed a preliminary proxy statement with the SEC. A definitive proxy statement will be sent to stockholders of Roman DBDR seeking approval of the proposed merger. The documents relating to the proposed merger (when they are available) can be obtained free of charge from the SEC’s website at www.sec.gov. These documents (when they are available) can also be obtained free of charge by contacting CompoSecure at: Marc P. Griffin, ICR for CompoSecure, 646-277-1290, CompoSecure-IR@icrinc.com.

Participants in the Solicitation

This communication is not a solicitation of a proxy from any security holder of Roman DBDR. CompoSecure, Roman DBDR and our respective directors, executive officers, other members of management and employees may be deemed to be participants in the solicitation of proxies from Roman DBDR’s stockholders in connection with the proposed merger. Information regarding the names and interests in the proposed merger of Roman DBDR’s directors and officers is contained Roman DBDR’s filings with the SEC. Additional information regarding the interests of potential participants in the solicitation process has also been included in the preliminary, and will be included in the definitive, proxy statement relating to the proposed merger and other relevant documents filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

Contacts

Wes Robinson

626-201-2928

wrobinson@olmsteadwilliams.com

TrueFort Fortress Recognized as Top Solution for Large Enterprises in Annual Cloud Excellence Awards

WEEHAWKEN, N.J. — (BUSINESS WIRE) — #Applicationprotection—TrueFort, the zero trust application protection company, today announced the TrueFort Fortress platform has been named Cloud Security Product of the Year for large enterprises in the 2021 Computing Cloud Excellence Awards. The judges selected TrueFort for its innovation, features, market share, and most importantly its ability to protect customers’ data and applications.

“We are honored to be chosen as Cloud Security Product of the Year by Computing, which is recognized as the most respected information resource for UK technology decision makers,” said Sameer Malhotra, CEO of TrueFort. “TrueFort Fortress provides zero trust application protection which is critical in the cloud where identities are the primary security perimeter. Our ability to detect unexpected application behavior enables enterprises to contain and respond to threats before they can result in a data breach.”

Traditional security products have focused on protecting underlying IT infrastructure from threats but the success of attackers in executing ransomware, supply chain and phishing attacks shows that there are still significant gaps in security coverage. TrueFort fills this void, offering Zero Trust protection for enterprise applications and workloads in the cloud that are the gateway to sensitive data and, increasingly, the target of attackers. The company’s Fortress platform leverages patented behavioral analysis and machine intelligence to help organizations better understand their applications’ trusted behaviors to fend off attacks in real-time.

About TrueFort

TrueFort is the leader in delivering zero trust protection for critical applications. Leveraging unique real-time, adaptive trust, and cloud-to-ground capabilities, TrueFort’s Fortress platform detects and contains security threats before they become business risks. Founded by former IT executives from Bank of America and Goldman Sachs, leading global enterprises trust TrueFort to deliver unprecedented application visibility and security. For more information visit https://truefort.com and follow us on LinkedIn and Twitter.

Contacts

Media:

Marc Gendron

Marc Gendron PR for TrueFort

617.877.7480

marc@mgpr.net