Mobile Phone Forums
Welcome to the Mobile Phone Forums

Go Back   Mobile Phone Forums > Mobile Phones > News
Register FAQ Mark Forums Read

News All the latest mobile and cell phone news delivered straight to your doorstep!

Reply
 
Thread Tools Display Modes
  #1  
Old 30-04-2020, 10:33 AM
RealWire's Avatar
RealWire RealWire is offline
Senior Member
 
Join Date: Oct 2018
Posts: 345
RealWire is on a distinguished road
Payfone announces UK launch of Mobile Authentication

Payfone announces UK launch of Mobile Authentication, reducing reliance on SMS one-time passcodes to mobile devices

The technology has already been adopted by one of the world’s largest banks based within the UK as a way to meet government regulations whilst also enhancing the customer experience.

London UK, April 30, 2020 - Payfone, a global leader in identity verification and authentication, is pleased to announce its award-winning convenient and secure solution, Mobile Authentication, is now protecting UK financial institutions and their customers.

Mobile Authentication provides a convenient and secure alternative to the use of SMS one-time passcodes (OTPs) during customer on-boarding, login and two-factor authentication. The technology is particularly relevant for PSD2 SCA (Strong Customer Authentication), where SMS OTP is used today. The technology has already been adopted by one of the world’s largest banks based in the UK, offering numerous benefits to the financial services community. Notable highlights include:

• Significantly improved customer experience over traditional SMS OTP.
• Complete ease-of-use with no software required on the device.
• Stops SMS forwarding and OTP interception.
• Reduced exposure to social engineering as no OTP is passed to the consumer.
• Real-time authentication, ensuring no time is lost.

Identity verification and authentication solutions work best when they function across a large percentage of the population. Payfone’s Mobile Authentication is the first solution addressing those challenges within the UK, directly utilising the biggest four UK mobile operators. The technology’s ability to operate directly with the underlying mobile networks provides enormous opportunities for both scale and inclusion, ensuring a completely secure experience for all customers.

“Our direct connection with UK mobile operators creates propositions that truly change the way consumers can authenticate online and on their phones. Payfone’s technology offers instant and invisible identity authentication that is faster, safer, and easier to use than traditional methods such as passwords, security questions and SMS one-time passcodes,” said Keiron Dalton, VP at Payfone.

“SMS OTP is a viable option for step-up authentication, particularly when secured using Payfone’s SIM swap protection. However, market demands placed on financial institutions in the UK are particularly acute, leading to a clamour of activity as these institutions search for what’s next in terms of authentication. Payfone’s Phone Intelligence-based Mobile Authentication is providing a game-changing experience for the consumer whilst increasing levels of security.

“Mobile Authentication has already seen huge success in the US, and having this now available for the UK market reinforces our unwavering commitment to providing our customers with the necessary solutions needed to secure their digital identity without compromise,” Dalton concluded.

UK enterprises interested in Payfone’s frictionless identity authentication solution can learn more here: https://info.payfone.com/psd2-sca-uk...authentication.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Nok Nok Labs Announces New Jumpstart Program for Mobile Connect newsprovider News 0 19-02-2016 8:56 AM
The MMA Mobile Circus Comes To Town newsprovider News 0 14-05-2012 2:11 PM
Mobile Industry Thought Leaders Launch Mobile Advertising Information Resource newsprovider News 0 09-12-2008 2:18 PM
ChangingWorlds announces Telefónica O2 Czech Republic launch of Personalized Mobile I newsprovider News 0 17-11-2008 12:37 PM
RealNetworks to Showcase Mobile Entertainment-as-a-Service at Mobile World Congress webitpr News 0 11-02-2008 10:22 AM


All times are GMT. The time now is 1:57 PM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.
Copyright ©2015 PhoneForums.org