Fraud prevention and risk management specialist Early Warning has signed a definitive agreement to acquire Authentify. Coupled with Early Warning’s 2013 equity investment and exclusive agreement with Payfone, the company has created a differentiated digital channels authentication solution suite that augments its identity and payments solutions.
Early Warning fraud prevention with its equity investment and commercial agreement through Payfone. Early Warning will now provide carrier-based device and account owner identity authentication combined with unrivaled financial transaction and identity data, ensuring a secure and seamless mobile experience for financial services customers. Mobile devices are becoming a proxy for identity. By integrating with the network-based authentication capabilities of tier one mobile carriers via Payfone, Early Warning will provide a deterministic level of mobile identity that far surpasses traditional and device-centric authentication measures. By leveraging the same SIM card-based network authentication that mobile operators use to secure their own services, Early Warning can verify account logins and financial transactions with more precision and convenience.
CorFire mobile commerce partnered Payfone remote m-commerce to integrate CorFire’s “CorPay” mobile wallet app with Payfone remote m-commerce solution. Payfone authenticates through the bank and carrier networks, making it easy for merchants to implement an accelerated user registration process. Payfone doesn’t require changes to backend systems or new payment marks. Moreover, consumers do not have to download or install the application which, in turn, enables merchants to quickly and easily increase conversions and improve customer loyalty. The “CorPay” solution is a single, intelligent mobile wallet platform that essentially virtualizes current wallet functions so that consumers no longer have to carry a physical wallet. It allows consumers to use their mobile devices to pay for goods and services while on the go.
Payfone remote payment processing service backed by American Express, Verizon, Rogers Communications and several leading venture capital firms appointed Paul Tocatlian to its management team as VP of Engineering. He will continue to fuel the on-going growth in remote payments. Tocatlian is Vice President of Engineering at Payfone, and responsible for leading the company’s engineering organization. His responsibilities include technology vision, planning, and execution. Paul’s focus is engineering process and productivity and ensuring that the Payfone platform is designed to be easily integrated into merchant acquirer, financial institution and mobile operator systems. Prior to Payfone, Paul was Vice President of Engineering and Customer Support at Minerva Networks, where he was responsible for product planning, design, development and delivery, as well as day-to-day management of engineering, quality assurance, technical publications and customer support.
Payfone remote payment processing service backed by American Express, Verizon and Roger Communications appointed four payment industry executives to its management team for on-going growth and expertise in remote payments. They include Prakash Hariramani as Vice President, Head of Product; William Murray VP, Financial Institution Sales; Scott Shepherd VP, Mobile Operator Management; and Amy Masters, Director of Marketing. Prior to joining Payfone, Hariramani was a Senior Business Leader and Head of Emerging Consumer Products at Visa. Murray comes to Payfone with 16 years of credit card experience at MasterCard Worldwide, where he was most recently responsible for initiating MasterCard’s merchant-focused eCommerce strategy. Shepard previously led Verizon Wireless product strategy and management for mobile commerce including mobile operator billing and mobile banking. Masters is responsible for the company’s marketing strategies, channel marketing, market research, public relations, and communications and was most recently VP, Marketing at American Express.
Executives leading many of the firms at the center of the mobile payments, mobile wallet, digital goods payment and person-to-person mobile payment businesses will speak at the Mobile Payments Conference, to be held in New York, Sept. 8th and 9th at the New Yorker Hotel. Speakers from MasterCard, American Express and eBay (Zong) will be among the featured speakers. Payfone and Vivotech, major suppliers of the retailer terminals, also will be talking about how retailers view mobile payments. The Mobile Payments Conference is sponsored by Mobile Marketing & Technology, an online resource for the mobile payments and mobile wallet businesses.
Payfone mobile payment processing service and Fortumo mobile payments partnered to power the direct billing option for its in-app purchasing SDK. With this, Fortumo’s clients will be able to provide consumers with the ability to make safe and secure mobile payments in real-time from any device, such as PC, smartphone, tablet or Wi-Fi. Payfone’s Mobile Commerce Service is directly integrated into the mobile operator’s network, which provides the ability to intelligently identify a consumer’s profile in the system and offers true payment authorization and authentication.
American Express has forged an alliance with Payfone mobile payment processing to create and power global mobile checkout. For it, Payfone will combine its mobile authorization and payment services with American Express’ “Serve” digital payments platform, allowing users to make purchases from online merchants using their mobile phone number at checkout. Consumers will be able…