New Biometrics Agreement Satisfies Exploding Customer Interest in Easy, Secure Authentication Solutions for Mobile Apps
Biometric innovators EyeVerify, Inc. and Daon announced today a new partnership that integrates Eyeprint ID™ technology into Daon’s industry-leading IdentityX® authentication platform, allowing for the first time eye recognition capability to be included in the IdentityX platform. The announcement was made at Money 20/20 Europe, the continent’s largest FinTech event.
“Collaboration with leading providers of best-of-breed authentication technologies as part of our IdentityX authentication platform is a win-win. Our partners win through fast access to our large global customer base, our customers win by having rapid access to innovative technologies and we win as the IdentityX platform grows as a thriving and innovative ecosystem,” said Tom Grissen, CEO at Daon. “Our partnership with EyeVerify and the incorporation of Eyeprint ID offer real advantages to our customers by adding another proven and successful modality for our current and future customers.”
Consumers, many of whom are using fingerprint ID in smartphones, are increasingly interested in biometrics technology — and eye recognition in particular — for sensitive applications because of the ease of use and security. According to a May 2017 blind study by EyeVerify, people who use biometrics want more biometric options from their banking and payment services providers on their mobile devices. People that use fingerprint authentication once a day, or more, are more than twice as likely to demand other biometric options, and they see eye biometrics as a secure option.
“Daon has a long history of meeting the multi-modal authentication needs for companies and their customers across the world,” said Paige Bailey, vice president of Financial Solutions at EyeVerify. “We are thrilled that financial institutions will be able to choose our patented eye biometric technology within the IdentityX platform.”
Eyeprint ID, a FIDO-certified biometric solution, enables Daon to provide IdentityX customers with an additional biometric option that satisfies growing consumer interest in convenient and easy to use authentication methods for mobile apps, while maintaining industry-leading, payment-grade security standards. IdentityX is also FIDO-certified and offers additional biometric options such as face, fingerprint and voice recognition.
Financial institutions attending Money 20/20 Europe in Copenhagen the week of June 26 are encouraged to stop by EyeVerify’s or Daon’s stand for additional details.
EyeVerify, Inc. is the creator of Eyeprint ID™ – transforming a picture of your eye into a key that protects your digital life. Eyeprint ID is a highly accurate biometric technology for smart devices that delivers a password-free mobile experience with convenient, secure, private authentication. This patented solution uses the existing cameras on mobile devices to image and pattern match the blood vessels in the whites of the eye and other micro features in and around the eye.
Daon is an innovator in developing and deploying biometric authentication and identity assurance solutions worldwide. Daon has pioneered methods for securely and conveniently combining biometric and identity capabilities in multiple channels with large-scale deployments that span payments verification, digital banking, insurance, and securing borders and critical infrastructure. Daon’s solutions provide our customers with choice, making it easier and safer for people to conduct business online, travel, vote, and so much more. Daon’s IdentityX® Platform for mobile biometric authentication removes friction from the authentication process while dramatically reducing fraud to previously unattainable levels. IdentityX allows businesses to conduct transactions with any consumer at any time with total confidence.