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Xref (ASX:XF1) selected by Coles (ASX:COL) for identity and visa checks on employees

ASX News, Technology
ASX:XF1      MCAP $23.63M
11 May 2022 16:02 (AEST)

Source: Xref

Xref (XF1) has been selected by Coles (COL) to conduct identity and working rights checks on employees.

Coles will use the company’s Rapid ID platform which verifies identity and prevents fraud.

The contract is for a period of three years and will see a minimum of $300,000 spent.

With more than 130,000 employees across Australia, the technology will check the identity and working rights status of Coles’ team members.

“Having acquired RapidID in 2019 it was our aim to bring digital ID checking into the recruitment sector,” Executive Director and CEO Lee-Martin Seymour said.

“Witnessing an organisation such as Coles mandate identity checking further endorses Xref’s decision to add identity to its service offering.”

Shares were trading 13.6 per cent higher today at 50 cents each at market close.

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