About Us
For the Gaming Industry, already one of the most regulated businesses in the world, it quickly became evident that complying with the additional regulatory requirements and reporting that the Act created was a cumbersome endeavor. Increased fines were being issued and costs were mounting all around the industry. With a history rich in auditing regulatory compliance at all levels of gaming operations, Dennis Nelson saw the need for an automated solution to assist gaming operators with some of the new requirements. In 2005, Dennis collaborated with Mike Pate and together they developed a solution to validate and vet the identifications of patrons against multiple local, state and federal regulatory mandated watch lists. Not only did this application automate the searching of multiple watch lists, but for the first time provided the casino operator with the ability to actually validate various forms of government identifications. This provided the operator the assurance that the identifications were valid and assisted in mitigating their risk of fraudulent financial transactions. They named the solution ePAC (short for electronic Patriot Act Compliance). In October 2006, Dennis and Mike formed AP-ID, Inc. and rolled out the first installation of the ePAC solution at the Venetian Hotel & Casino on the Las Vegas Strip. At the end of 2008, ePAC was installed in over 55% of the casino resorts on the Las Vegas Strip with several installations outside the state. In 2009, AP-ID, Inc. changed its name to Veridocs. Veridocs was a better reflection of the company, its product and its mission. The name incorporated the idea of verification and/or validation, identification and document authentication. Though the product was developed to assist the gaming industry with mounting regulatory challenges, the evolution of the Veridocs solution is enhancing productivity and customer service, with a uniform objective of mitigating risk. Today, Veridocs not only validates government issued identifications, while searching multiple watch lists, but also provides document imaging and storage for other non-ID documents. Veridocs provides a data management solution that is not only applicable to the gaming industry, but also to law enforcement, human resources, high-end retail and the entertainment industries, to name a few. |
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Executive Bios Dennis Nelson - Co-Founder Prior to establishing Veridocs, Mr. Nelson founded API, Inc. in 1977 where he still serves as President. API provides investigation and security consulting services to corporate and government businesses. Through its subsidiaries and affiliates, Integrated Risk Management Associates and Global Risk Management, API provides comprehensive risk management and mitigation. In the 1980’s Mr. Nelson pioneered the privatization of traditional law enforcement and public welfare services and grew API, Inc. into the largest independent security and investigation firms in the Midwest. In 1992, with his broad experience in the security and investigations industries, Mr. Nelson entered into the gaming industry serving as Executive Director of the Ho-Chunk Gaming Authority. During his tenure with the Ho-Chunk Gaming Authority, he represented the tribe on the Tribal, State and Federal Task Force resulting in one of the first prosecutions under the Indian Gaming Regulatory Act. Mr. Nelson co-authored and produced “Indian Gaming and its Impact on Law Enforcement in Wisconsin” in 1995, a benchmark Indian gaming study. Mr. Nelson assists international businesses wishing to enter the US Gaming market and serves on the Board of Directors of Global Risk Management. Mr. Nelson has a B.A. in Communications from the University of Wisconsin-Green Bay. Mike Pate - Co-Founder / CTO / Board Member In 1989, Mr. Pate, after spending three years as a professional pari-mutuel handicapper, went to work for McKinney Systems where he was instrumental in the development and deployment of a computerized, backend horse tracking system. This software was the first of its kind and increased operational efficiencies tenfold at the tracks and provided better customer service to their vendors. For the past 20 years, Mr. Pate has been managing and developing technology that has primarily focused on various regulatory aspects of the gaming industry. His key focus was to develop solutions that were simple and easy to use, while automating the tedious duties of complying with and reporting to various Federal, State and Local government regulations. Prior to founding AP-ID, Inc. with his partner, Dennis Nelson, in 2005 and developing the Veridocs software solution, Mr. Pate was Owner and President of Viper Applications. While at Viper, he developed technology to support pari-mutuel regulatory commission IT infrastructures for NAPRA(North American Pari-mutuel Regulators Association), and later adopted by ARCI (Association of Racing Commissioners International) and is currently still in use by the majority of pari-mutuel regulatory commissions today. | ||
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