October 1, 2013 – by Peter B. Counter
Today a partnership was announced between online payment provider Optimal Payments and identity services provider Daon: an agreement that will see the companies joining forces to provide verified payment protection to customers dealing in regulated gaming, governmental or financial service sectors. Daon will be providing its biometric authentication technologies, which when leveraged with Optimal’s NETBANX and NETELLER payment services will combine into create a strong authentication powered cloud-based solution.
This is another example of biometrics being used to enforce strong, multi-factor authentication (Daon’s IdentityX service is two-factor and re-verifies customers in-stream) in a user-not-present transaction that requires a high degree of certainty when it comes to user identity. Frost & Sullivan’s Jean-Noel Georges spoke to Mobile ID World in the Summer, explaining why biometrics are the perfect solution for payment protection.
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