October 19, 2017 -
Daon has been selected by Visa to provide biometric services for the credit issuer’s Visa ID Intelligence platform.
The platform allows financial institutions, developers and commerce partners to access authentication technologies, giving consumers secure, seamless and convenient methods to shop, pay and bank on their mobile devices.
Visa’s new streamlined experience allows users to receive 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 of 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 gives Visa customers the option of using human characteristics such as eyes, face, fingerprint and voice to generate simpler authentication experiences for app login, payments, step-up authentication, and more applications.
“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 at 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.”
In September, Kony partnered with Daon to help banks and financial institutions deliver highly-secure omni-channel apps through advanced biometrics authentication capabilities, including device cryptography and biometric authentication leveraging Daon’s IdentityX platform.