logo-loader
viewIpsidy Inc.

Ipsidy partners with LoginID to develop new tools to fight online fraud

The company said it will integrate its biometric identity verification technology with LoginID’s fast identity online-as-a-service platform to offer seamless web authentication and login services

Ipsidy Inc. - Ipsidy partners with LoginID to develop new tool to fight online fraud
Ipsidy said its combined solution with LoginID will allow enterprises to remotely verify an account holder’s identity

Ipsidy Inc (OTCQB:IDTY) said it has partnered with Login ID Inc to provide new tools to fight fraud in online activities.

The mobile biometric identity solutions provider said it will integrate its biometric identity verification platform, Proof, with LoginID’s fast identity online (FIDO) as a service platform to offer seamless FIDO2 web authentication and login services.

READ: Ipsidy trims 2Q loss amid coronavirus pandemic, moves forward with June relaunch

FIDO2 enables easy and secure logins to websites and applications via biometrics, mobile devices and FIDO Security Keys. It also eliminates the need for passwords by using a combination of biometric verification and device authentication via cryptographic security.

Ipsidy said its combined solution with LoginID will allow enterprises to remotely verify an account holder’s identity and bind it to their device during provisioning, adding that the enhanced capability will remove any uncertainty of the identity of the user transacting with the enterprise.

“This strategic partnership creates a significant enhancement to the available identity authentication services and solves for many of the critical authentication requirements of customers around the world. Binding a biometric identity under control of the enterprise with FIDO2 strong authentication creates a high assurance solution, delivered easily to any customer platform, with the highest level of accuracy and trust.” Ipsidy chief executive and deputy chairman Phillip Kumnick said in a statement.

Contact the author at [email protected]

Follow him on Twitter @Cal_Proac

Quick facts: Ipsidy Inc.

Price: 0.09825 USD

OTCQB:IDTY
Market: OTCQB
Market Cap: $53.71 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ipsidy Inc. named herein, including the promotion by the Company of Ipsidy Inc. in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Ipsidy forms multiple partnerships in Latin America

Ipsidy Inc (OTCMKTS:IDTY) Director of Business Development, Americas Matthew Cordis tells Proactive Investors that the biometric security specialist has formed partnerships with both Peru-based Boxer Security SA and with Mobile Solutions Peru. Cordis says Ipsidy is poised to become a...

on 30/4/19

2 min read