NEW ORLEANS, April 21, 2015 (GLOBE NEWSWIRE) -- PAYMENTS 2015 -- Authentify, Inc., the leading supplier of authentication services for protecting user accounts from unauthorized access, today announced that E-Transfer Technologies (ETT) has deployed user account authentication powered by the Authentify xFA™ mobile, multi-factor authentication platform. Headquartered in the Republic of Mauritius, ETT specializes in software applications for foreign exchange, e-banking, payment processing, treasury management, and more. ETT will use the Authentify xFA service across its entire product line, but the first deployment is integrated with the company's foreign exchange products.
ETT contacted Authentify while evaluating strong security solutions to protect sensitive customer data and accounts. Cybercriminals have begun targeting foreign exchange accounts as a way to quickly move money to countries and currencies that would be harder to track than a typical wire transfer. Add to that the emergence of bring your own device (BYOD) environments, which brings even greater risk to the workplace. When employees use their own mobile smart devices to conduct work, the enterprise must deploy safeguards to protect sensitive information that will be stored or transmitted between parties. A solution like xFA, which offers biometric multi-factor authentication, secure messaging, and end-to-end encryption, is needed.
"Authentify xFA is an innovative, mobile platform that has provided ETT with valuable authentication services for improving our security," said Andres Molina, product manager for ETT. "We are very happy with our decision to use Authentify xFA, as the expertise behind it has translated into a distinct competitive advantage for us. Overall, Authentify is a great company to work with. We chose Authentify xFA because it allows our clients to connect seamlessly to the ETT Platform and apply authentication features including a client's voice biometric, gestures, location services, and other Authentifiers."
Among the first ETT customers to utilize the xFA service is Global Transaction Services (GTS), a financial institution with offices in Atlanta, London, Paris, and other financial centers. GTS specializes in money transmission and foreign exchange services for international trading businesses.
About Authentify, Inc.
Authentify provides intuitive and consistent multi-factor authentication services for protecting user accounts or key information from unauthorized access. Where many authentication techniques are powerless when valid credentials are wielded by hackers and imposters, Authentify offers certainty, and certainty is power.
Authentify introduced the global security community to its phone-based user authentication services in 2001. Its original phone-based Security as a Service (SaaS) revolutionized the two-factor authentication market. Two-factor authentication (2FA), or two-step verification (2SV), has become a standard for protecting accounts of all types. Authentify xFA mobile multi-factor authentication technology, which employs app endpoints on smart devices, was introduced in 2013. For more information, visit www.authentify.com.
**Note: Effective April 10, 2015, Authentify has been acquired by Early Warning Services, LLC.
About Early Warning
Early Warning provides risk management solutions to a diverse network of 1,100 financial institutions, government entities and payment companies, enabling businesses and consumers to transact securely and conveniently. Owned and governed by five of the largest banks in the U.S., Early Warning's unique business model facilitates a data exchange system based on collaborative, shared intelligence. For more than 20 years, the company has worked with organizations of all sizes to advance collaborative risk management and fraud prevention. For more information, please visit www.earlywarning.com.