Optimal Payments and Daon partner for biometrically verified payments

optimalpayments

Agreement with Daon

Optimal Payments and Daon have entered into an agreement to work together strategically on solutions that will leverage Daon’s biometric authentication system with Optimal’s NETBANX and NETELLER payment services. The combined capabilities are especially important for market sectors where a high degree of customer identity certainty is required, such as regulated gaming, governmental, and financial services.

Delivered from the cloud, Optimal’s white-label services process over USD11bn a year and include merchant accounts, a secure payment gateway, multi-channel acceptance, configurable fraud rules, and customer accounts and mobile wallets.  Transaction certainty is maintained at all times by comprehensive risk services, geo-redundant data-centres and PCI-DSS Level 1 certification.

Certain market sectors require many businesses to always have a high degree of KYC (Know-Your-Customer) certainty over who they are dealing with. The Daon IdentityX biometric 2-factor authentication service, which was recently reviewed by the U.S. Senate Consumer Protection Subcommittee, allows the in-stream online re-verification of individuals as part of payment transaction flows, making it easier for business operators to meet their regulatory obligations.

Joel Leonoff, President and CEO of Optimal Payments, commented: “Optimal Payments is at the forefront of technology innovation and Daon’s world-class services are very complimentary to both the segments that we service and the kind of products we offer merchants and banks, such as remote payments, mobile wallets and cross-border remittance.”

Tom Grissen, CEO of Daon added: “Optimal Payments is an innovator in the customer-not-present payments sector and so we’re delighted to be able to work with them to offer the market ‘homeland security’ grade identity services embedded right into payments.”

 

Related reading

new york barclays
company card killer Pleo
Cheque
boom

Leave a comment