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Payfone Announces UK Launch of Mobile Authentication

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London UK, April 30, 2020 -- Payfone, a global provider in identity verification and authentication, is pleased to announce its 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.

"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.

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Posted by Veronica Silva Cusi, news correspondent
Source: https://www.realwire.com

Date Posted: Friday, May 1, 2020



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