News : FIS and Equifax Unveil OnlyID
Jacksonville, FL, USA, Aug 23, 2017 -- FIS™ (NYSE: FIS), a global providerr in financial services technology, and global information solutions company Equifax(R) (NYSE: EFX) have teamed up to improve consumer experiences by bringing new levels of convenience and security to consumers challenged with maintaining multiple usernames and passwords to protect themselves from financial fraud and identity theft.
The two companies jointly offer OnlyID, an identity verification solution that provides a higher level of account protection and personal control through a single, secure digital log-in, consisting of the consumer’s thumbprint or another unique identifier.
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"Imagine if you no longer needed passwords to protect your digital identity because you had a unique, protected identifier that only you could use at the places where you bank and shop," said Bruce Lowthers, head of FIS Payments. "OnlyID from FIS and Equifax brings the power of advanced authentication technologies to make consumers’ financial lives simpler, while providing secure protection against fraud."
"OnlyID combines powerful predictive analytics with risk scoring models that generate a frictionless fraud assessment, without disruption to consumers or businesses," said Trey Loughran, president USIS, Equifax. "Our collective unique data assets, innovation and depth of expertise across Equifax and FIS enabled us to create a solution that will advance digital security over the web and via mobile devices."
"Passwords not only provide little security, they also result in cumbersome and clunky user experiences, particularly in the mobile environment," said Julie Conroy, research director, Aite Group. "The next generation of digital security leverages authenticators such as device-based security and biometrics, which provide greater levels of security as well as a better consumer experience."
Posted by Veronica Silva Cusi, news correspondent
Source: FIS Global
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About FIS Global:
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Equifax is a global information solutions company that uses data, analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions. Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) .
Published: Friday, August 25, 2017
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