MePIN, the global provider of fast and strong customer and payment authentication, has signed a partnership with UnoTelos, a leading Multi System Integrator company in the West African markets. Banks and payment providers need strong user authentication to protect their online services and customers against fraud. Traditional and legacy user authentication and transaction authorization slows
Jumio, Inc., the fast growing online and mobile credentials management company, announced that Optimal Payments, a leading global online payment solutions provider, has integrated Jumio’s Netverify online and mobile ID document authentication service into its NETELLER stored value service. Jumio’s Netverify solution converts customers’ mobile device cameras or webcams into an ID scanning terminal, making
The Central Bank of Nigeria (CBN) has ramped up its anti-electronic-fraud campaign with the implementation of a two-factor authentication requirement for deposit money banks. The initiative has been implemented in an effort to reduce the level of electronic fraud, a major component of which has been traced to increased insider abuse. The apex bank, in
BitGo, the leader in bitcoin security, announced the general availability of the BitGo Platform API, a highly scalable set of tools and services that allow any developer to rapidly deploy state-of-the-art operational infrastructure for their bitcoin business. BitGo’s own products, including the leading institutional web wallet BitGo Enterprise, are built on the Platform API. Developers
Feedzai, a company that uses data science and behavioral profiling to prevent fraud, and Encap Security, the mobile authentication specialist, have announced a new partnership designed to support banks and merchants in making modern banking and commerce safe. The partnership will make Feedzai’s proven, machine-based fraud prevention platform compatible with Encap Security’s bank-grade, smarter authentication
PINs, passwords or other means of user authentication can be lost, stolen or copied and systems that rely on these are rapidly becoming both ineffective and obsolete. As the world attempts to put an end to identity theft and to reduce fraud, the banking sector is making a real commitment to biometrics and intelligent identity
