Early Warning, a US-based real-time payment, authentication and risk mitigation services provider, has selected device authentication firm InAuth’s InMobile solution to deepen the security of real-time payment services within the mobile channel.
The InMobile solution is used by major payments, banking, mobile wallets, and ecommerce/mcommerce players to authenticate and reduce risk in the digital world.
The platform examines thousands of unique identifying attributes on mobile devices to create a permanent device ID that cannot be spoofed, InAuth claims.
Recently, Early Warning unveiled a new payments network, dubbed Zelle, which is open to all banks and credit unions in the US. The payments network is accessible to more than 76 million mobile banking users nationwide.
By working with InAuth, Early Warning will be able to support a combined mobile network and mobile device intelligence solution.
Early Warning group president of risk solutions Eric Woodward said: “As an organization firmly committed to providing next-generation technology to advance and protect the financial system and ensure all transactions are trusted, forming a strategic alliance with InAuth is a core component of delivering safety and soundness to real-time digital payments.
“Combining the Early Warning Mobile Authentifier with InAuth’s InMobile solution will enable us to more effectively identify billions of dollars in high-risk transactions each year. We look forward to working with InAuth in the months ahead.”
InAuth CEO Lisa Stanton said: “The movement of money and the demand for immediate availability in today’s mobile-first environment means mobile security must be iron-clad.
“InMobile enables clients to make confident decisions about the riskiness of every device transaction. We look forward to being an integral part of Zelle and supporting Early Warning’s mission to create and deliver innovative payment and risk solutions.”