Trust Stamp to Provide DMV Data Verification for IDetect
Trust Stamp, an AI-powered identity solutions provider, announced a contract with IDetect. Under the agreement, Trust Stamp will provide IDetect with access to the American Association of Motor Vehicle Administrators (AAMVA) Driver’s License Data Verification service. IDetect specializes in ID scanning and entrance security solutions.
- The American Association of Motor Vehicle Administrators (AAMVA) Driver’s License Data Verification (DLDV) service provides real-time API access to check if the data on a driver's license matches the issuing agency's records. This shifts identity confirmation from a visual inspection of the physical card to a data-based verification against the official source. - The DLDV system does not return personal data from the DMV file; instead, it returns a true/false flag for each submitted data element, such as name, date of birth, and document number, to confirm if it matches the record. This design minimizes the exposure of personally identifiable information during the verification process. - Trust Stamp has a history of integrating with the AAMVA DLDV service, having previously partnered with Botdoc in July 2024 to provide this verification for the automotive industry. Both Trust Stamp and Botdoc are graduates of the Independent Community Bankers of America (ICBA) ThinkTECH accelerator. - The global identity verification market was valued at approximately $12.89 billion to $13.8 billion in 2024 and is projected to grow to over $40 billion by 2032, with a compound annual growth rate (CAGR) of around 15%. This growth is driven by the rise in digital transactions, sophisticated fraud like AI-generated deepfakes, and increased regulatory requirements. - Trust Stamp (NASDAQ: IDAI) utilizes AI and has developed patented technologies, including a method for creating an "Interoperable Biometric Representation" that allows for privacy-preserving validation across different biometric systems. The company has also patented techniques that use anonymized data from past cyberattacks to identify and prevent future fraud. - IDetect, which has been in business for over 26 years, serves a diverse client base that includes the FBI, the US Secret Service, Wynn Las Vegas, and thousands of hospitality venues. Their systems are used for age verification, access control, and managing patron watch lists across multiple locations via internet connectivity. - As of February 11, 2026, Trust Stamp's market capitalization was approximately $16.1 million, with a stock price of $3.08. The company's trailing twelve-month revenue as of September 30, 2025, was $3.73 million.
