Payments
- Online payments account for a huge percentage of retail and other business
- Payment apps also empower exchanges peer to peer
- authID safeguards digital wallets as well as individual transactions
Help Prevent Millions in Financial Losses and Liabilities Using Biometric Authentication
Mobile payment apps are the epitome of consumer convenience, allowing users to make purchases from their personal devices, through which they access their digital wallets. And of course these platforms allow vendors to accept those payments. But like with any ecosystem where money moves, bad actors hover, trying to intercept that money by taking over the accounts that own the wallets.
Solutions for Payments
By providing the most accurate biometric identification solution on the market, authID ensures that only the legitimate wallet owners can access their funds. Even if a fraudster intercepts passwords or devices, they can’t duplicate a user’s true biometric and steal their wallets. Not only does this protect the user, it means the vendors they patronize see no interruption in their business, and the payments platform maintains a reputation for security.
Mobile payment apps are the epitome of consumer convenience, allowing users to make purchases from their personal devices, through which they access their digital wallets. And of course these platforms allow vendors or peers to accept those payments. But like with any ecosystem where money moves, bad actors hover, trying to intercept that money by taking over the accounts that own the wallets.
Mobile payments are so ubiquitous that major payments fraud can have a deep impact.
Money Transfer
Wire Transfer Authentication
Account Takeover Protection
Speed & Accuracy
Biometrics and liveness detection are irrefutable in determining proof of life, and when correlated with a physical ID, can authenticate users remotely and securely.
vs. 7 Seconds — 10x Faster Authentication Time
1 in 1 Billion
False Match Rate Accuracy
Zero
Biometrics Stored — Supports Global Compliance With Our New No-Biometric Storage Solution
Test Our Biometric Authentication for Payments
Step 1
Set up a quick biometric demo or free trial in minutes.
Step 2
Test API calls, user experience, and the admin portal in the cloud or on-premise.
Step 3
Finalize your testing and agreement to go live.
authID Has Verified Over 1 Million Identities
The authID biometric verification stack is used by millions of users at some of the top fintech, financial services, medical and hospitality companies.
Providing our valued customers with a seamless identity experience was paramount to our digital transformation and growth. authID helped HRB comply with rigorous regulatory programs through secure identity verification and facial biometric matching of the customer. Biometric authentication has helped us eliminate passwords, and secure critical customer transactions. We look forward to expanding our collaboration with authID to support our rapid global expansion into new markets.
Prabhakar Kaza, CEO
According to IBM Cost of a Data Breach Report - 2023
The average data breach in the US last year cost business $4.4M. Biometric verification would have helped stop it.
Set up a free 30-day trial today to help prevent a data breach!
According to IBM Cost of a Data Breach Report - 2023