Daon, an innovator of authentication and identity assurance solutions worldwide, announced today that it has been selected by Visa, the global payments technology company, to provide biometric services for the Visa ID Intelligence platform.
Visa ID Intelligence allows financial institutions, developers and commerce partners to access authentication technologies, giving consumers secure, seamless and easy ways to shop, pay and bank on their mobile devices. This streamlined experience offers users an advantage in receiving near-instant card account application and approvals, as well as secure payments.
“Daon is proud to partner with a technology innovator like Visa,” said Tom Grissen, CEO, Daon. “Visa ID Intelligence is revolutionary in both scope and implementation, and will benefit consumers who are growing more and more frustrated by an antiquated password system. Visa understands it is critical to provide both security and convenience, and that’s what Daon delivers through our proven biometrics platform, IdentityX.”
Biometrics provides Visa clients the option to use human characteristics such as eyes, face, fingerprint and voice to create simpler authentication experiences for app login, payments, step-up authentication, and more.
“Visa ID Intelligence brings together innovative, secure authentication solutions that can scale to the needs of the payments industry,” said Mark Nelsen, Senior Vice President of Risk and Authentication Products, Visa. “Daon is the right partner to work with us to offer biometrics technologies that can create better payment experiences for consumers as well as more secure transactions without relying on passwords.”