Epson America, a supplier of value-added solutions for financial institutions, has announced certification of its TM-S9000 and TM-S2000 multifunction teller devices by AssureTec Technologies.With Epson hardware, financial institutions are now able to scan driver licenses and/or other government issued IDs to capture, validate and disseminate this information via AssureTec's software.According to the companies, federal regulations require financial institutions to know and verify the identity of their customers. Criminals and fraudsters use sophisticated fake IDs with stolen identities to apply for credit, cash fake checks, launder money and access funds that do not belong to them.Banks and other financial institutions are able to adopt AssureTec technology as a way to augment and improve traditional ID verification activities in order to comply with the Bank Secrecy Act, Gramm-Leach-Bliley (GLB) Act and Red Flag Rules. Using AssureTec and Epson multifunction teller devices makes compliance with the federally mandated Customer Identification Program (CIP) easier, the companies said."With identity theft rampant and criminals becoming more sophisticated than ever before, proper ID verification is critical," said Robert Taylor, business development manager at AssureTec. "Financial institutions need to arm their employees with the best in ID authentication technology. Our partnership with Epson gives our customers a first class IDA solution to mitigate fraud and make compliance with federal and international regulations easier, helping financial institutions to avoid costly fines."