Visa ID Intelligence to Help Move Payment Security Beyond Passwords Powered by Daon’s IdentityX
RESTON, VA (OCTOBER 19, 2017) – Daon, an innovator of authentication and identity assurance solutions worldwide, announced today that it has been selected by Visa, the global payments technology company, to provide biometric services for the Visa ID Intelligence platform. Visa ID Intelligence allows financial institutions, developers and commerce partners to access authentication technologies, giving consumers secure, seamless and easy ways to shop, pay and bank on their mobile devices. This streamlined experience offers users an advantage in receiving near-instant card account application and approvals, as well as secure payments.
“Daon is proud to partner with a technology innovator like Visa,” said Tom Grissen, CEO, Daon. “Visa ID Intelligence is revolutionary in both scope and implementation, and will benefit consumers who are growing more and more frustrated by an antiquated password system. Visa understands it is critical to provide both security and convenience, and that’s what Daon delivers through our proven biometrics platform, IdentityX.”
Biometrics provides Visa clients the option to use human characteristics such as eyes, face, fingerprint and voice to create simpler authentication experiences for app login, payments, step-up authentication, and more.
“Visa ID Intelligence brings together innovative, secure authentication solutions that can scale to the needs of the payments industry,” said Mark Nelsen, Senior Vice President of Risk and Authentication Products, Visa. “Daon is the right partner to work with us to offer biometrics technologies that can create better payment experiences for consumers as well as more secure transactions without relying on passwords.”
Daon, www.daon.com, is an innovator in developing and deploying biometric authentication and identity assurance solutions worldwide. Daon has pioneered methods for securely and conveniently combining biometric and identity capabilities in multiple channels with large-scale deployments that span payments verification, digital banking, wealth, insurance, securing borders, and critical infrastructure. Daon’s solutions provide our customers with choice, making it easier and safer for people to conduct business online, travel, vote, and so much more. Daon’s IdentityX® Platform for mobile biometric authentication removes friction from the authentication process while dramatically reducing fraud to previously unattainable levels. IdentityX allows businesses to conduct transactions with any consumer at any time with total confidence. Get to know us on Twitter, Facebook and LinkedIn.