Le Lézard
Classified in: Health, Science and technology, Business
Subject: CON

Visa chooses Callsign as their preferred behavioral biometric and device intelligence identity partner


Callsign joins the Visa Fintech Partner Connect program

LONDON, Oct. 7, 2021 /PRNewswire/ -- Visa chooses Callsign, as their preferred behavioral biometric digital and device intelligence identity provider. Under the agreement, Visa will introduce Callsign's behavioral biometric and device fingerprinting solutions to the Visa network of financial institutions, payment service providers (PSPs), and merchants across Europe.

Callsign joins the Visa Fintech Partner Connect programme giving banks, merchants and the wider card ecosystem access to Callsign's Intelligence driven authentication solutions which positively identify consumers using inherent behavioral biometrics whilst detecting and preventing fraud.

Callsign technology helps banks, merchants and PSPs to answer two questions; is the user who they say they are? And are they permitted to access the service they are requesting? Using machine learning techniques Callsign combines behavioral biometrics, device intelligence and geo-location with multi-factor authentication to help authenticate users' identities.  This approach helps banks, merchants and PSPs to secure and authenticate users' identity frictionlessly, stopping fraud early and only letting genuine customers access their service and transact safely and seamlessly.

The agreement comes at a time of spiralling fraud, according to a recent report, every second fraudulent transaction in the finance industry was account take over. Card not present fraud (CNP) accounted for 79% of all card fraud across the Single European Payments Area and, figures from UK finance suggest that in the money lost to Authorised Push Payment (APP) scams totalled nearly half a billion (£479 million) in 2020.

"The need to accurately identify users online for digital payments and online banking is critical due to the shift to online transactions in the past 18 months. Financial services organisations are looking for the technology that provides the most secure, accurate and seamless user experience to incorporate into their solutions. We are pleased to be joining the Visa Fintech Partner Connect to work with Europe's leading fintechs," concluded Amir Nooriala, Chief Commercial Officer, Callsign.

About Callsign 

Callsign is pioneering digital trust through proprietary technology that uniquely mimics the way humans identify each other in the real world. Positive identification of genuine users delivers privacy, safety and minimal friction whilst ensuring that bad actors are blocked. Through a simple Swipe or Type, users can be personally recognized to a 99.999% accuracy, delivering the highest fidelity AI based user recognition for the digital world.

To learn more about how this technology is used to underpin digital trust across financial institutions, governments and commerce globally visit: https://www.callsign.com/ 


These press releases may also interest you

at 10:05
Comcast Business today announced it is partnering with Nokia to extend its enterprise connectivity portfolio to deliver 5G private wireless networks ? using Nokia DAC (Digital Automation Cloud) industrial-grade private wireless solution and...

at 10:05
Applied DNA Sciences, Inc. (the "Company"), a leader in Polymerase Chain Reaction (PCR)-based DNA manufacturing and nucleic acid-based technologies, announced today that its wholly-owned clinical laboratory subsidiary, Applied DNA Clinical Labs, LLC...

at 10:05
Today, Eurofins (Paris:ERF) subsidiary empowerDX has launched PFAS Exposuretm in the United States, the first direct to consumer at-home test to determine levels of PFAS in a person's blood and measure 47 of the PFAS "forever chemical" compounds....

at 10:00
Zensights LLC is pleased to announce that Kris Ungvarsky has joined the organization as Principal, Head of Procurement Solutions. Kris is a seasoned, dynamic business leader who has driven sustainable growth for emerging biotech and...

at 10:00
SHL, the global leader in talent innovation, continued to garner critical praises from leaders and think tanks in the Human Resources space, winning eleven awards across Asia throughout 2021. The awards recognized SHL for its leadership in the...

at 10:00
Yealink (Stock Code: 300628), a global leading unified communications (UC) solution provider, has officially announced the release of its new BH7X Bluetooth Headsets to meet the demands of the predominant hybrid working population. Following the...



News published on 7 october 2021 at 03:00 and distributed by: