17 March 2018
visit www.nextgenbanking.co.uk

InAuth boosts security for Early Warning

01 November 2016  |  3671 views  |  0 Source: InAuth

InAuth, the device authentication and intelligence experts for a mobile-first world, and Early Warning, the industry leader in real-time payments, authentication and risk mitigation, today announced a strategic alliance that will greatly enhance the security of real-time payment services within the mobile channel by leveraging the advanced device intelligence capabilities of InAuth’s InMobileTM solution.

Early Warning just announced Zelle, a new, faster payments network that will revolutionize how U.S. consumers and businesses send and receive money on October 24th at Money 20/20 in Las Vegas. Zelle is an inclusive network that is open to all banks and credit unions in the U.S. Zelle is one of the largest faster payments networks in the U.S., accessible to over 76 million mobile banking users nationwide. The network addresses security concerns, interoperability problems, and delays in funds availability common in today’s P2P services.

InAuth’s InMobile solution is being used by some of the largest payments, banking, mobile wallets, and ecommerce/mcommerce players as the contemporary way to authenticate and reduce risk in the digital world. Their technology examines thousands of unique identifying attributes on mobile devices to create a permanent device ID that cannot be spoofed. Device interrogation enables InAuth to understand a device’s health and riskiness, which allows the mobile device to act as a trusted second factor of authentication in a manner that is frictionless for customers.

Early Warning’s Authentify® Platform, an industry leading mobile security suite, also offers organizations identity and device confidence that is frictionless for customers by leveraging the same SIM-card based network authentication that the mobile carriers use to secure their own services. By working with InAuth, Early Warning will be able to support a combined mobile network and mobile device intelligence solution that is unprecedented in the market. Cross referencing device attributes with mobile network subscriber intelligence provides significant confidence in the trustworthiness of mobile transactions. Device attributes provide insight into how an individual uses their device, and, with mobile network authentication, that usage intelligence can finally be transferred when the mobile subscriber changes devices.

“As an organization firmly committed to providing next-generation technology to advance and protect the financial system and ensure all transactions are trusted, forming a strategic alliance with InAuth is a core component of delivering safety and soundness to real-time digital payments,” said Eric Woodward, group president of Risk Solutions for Early Warning. “Combining the Early Warning Mobile Authentifier with InAuth’s InMobile solution will enable us to more effectively identify billions of dollars in high-risk transactions each year. We look forward to working with InAuth in the months ahead.”

“The movement of money and the demand for immediate availability in today’s mobile-first environment means mobile security must be iron-clad,” said InAuth CEO Lisa Stanton. “Early Warning has a longstanding reputation in the industry for developing and leveraging best-in-class technologies to protect organizations from fraud. We are very proud they chose to work with InAuth to provide a state-of-the-art mobile device security solution that combines mobile network and mobile device intelligence that drives trust in this channel. InMobile enables clients to make confident decisions about the riskiness of every device transaction. We look forward to being an integral part of Zelle and supporting Early Warning’s mission to create and deliver innovative payment and risk solutions.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.facebook.com/business/Visit http://info.nice.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
11764 views comments | 25 tweets | 5 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
6785 views comments | 8 tweets | 7 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6456 views comments | 18 tweets | 17 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
6216 views comments | 12 tweets | 11 linkedin
Starling and TrueLayer integrate for open bankingStarling and TrueLayer integrate for open...
6145 views comments | 13 tweets | 9 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job