Early Warning has partnered with Payfone to provide mobile identity authentication solutions for its digital payments network Zelle.
Payfone, a provider of mobile identity authentication for digital channels, will provide risk assessment solutions to help Zelle in streamlining consumer enrollment and transaction authentication processes.
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Early Warning Risk Solutions business group president Eric Woodward said: “Payfone’s solutions will significantly simplify the enrollment processes for millions of Zelle P2P users, while adding another layer of non-intrusive protection behind-the-scenes for Zelle.
“Payfone brings together data from across the mobile ecosystem – networks, devices, users – to help us assess enrollment and transaction risk almost instantly. This helps us balance the requirements for speed and security in the faster payments space.”
Payfone CEO Rodger Desai said: “Faster payments require instant mobile authentication, which Payfone is uniquely positioned to provide. Collaborating with Early Warning to help add further seamless security to Zelle is a shining example of how Payfone makes customer transactions safer and smoother.”
Payfone processes more than 10,000,000 transactions a day for financial, healthcare and governmental organizations. The processing is expected to reach 50,000,000 transactions per day by the end of 2017.
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