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Prove acquires mobile authentication solution from Early Warning Services

Friday 31 July 2020 10:13 CET | News

US-based identity authentication platform Prove (formerly Payfone) has announced the acquisition of mobile authentication lines of business from Early Warning Services.

 

Early Warning Services is a consortium owned by seven of US’s largest banks. The acquisition includes Early Warning’s mobile authentication business, Early Warning’s multi-factor authentication and orchestration solutions, and the Authentify line of business.

Prove and Early Warning have partnered since 2013 to deliver authentication solutions to the US financial services industry. With this transaction, Prove has assumed direct support for the customers sourced through this partnership, bringing the total number of top 10 US banks served directly by Prove to seven. 

Prove’s cloud solutions and mobile intelligence-driven APIs can be orchestrated to increase Approve Rates to 90%+, enabling companies to authenticate customer identities, while preventing fraud caused by false positives. Prove serves the financial, healthcare, insurance, retail, technology, and telecommunications industries with solutions that are available in 195 countries.




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Keywords: Prove, Early Warning Services, mobile authentication lines, United States US, online authentication, payments, mobile authentication
Categories: Payments & Commerce | Mobile Payments
Countries: United States
This article is part of category

Payments & Commerce