Firm will provide biometric multi-factor authentication to Visa transactions.
Biometric solutions expert Fortress Identity has signed a collaboration agreement with Visa Latin America and the Caribbean. Under the terms of the agreement, Fortress Identity will work in collaboration with Visa to provide optional biometric solutions to protect Visa cardholders at every stage, from point-of-sale through online transactions.
Maimi, 29 May 2019
Fortress Identity’s family of solutions incorporates voiceprints as well as active and passive biometrics and phone codes to establish identity with an exceedingly high degree of certainty.
CEO Alessandro Chiarini says the ultimate objective of this initiative is peace of mind. “We want Visa cardholders to feel absolutely confident that their funds and personal data are safe whenever and wherever they use their Visa cards.”
Trust is embedded in Visa’s mission, which is to connect the world through the most innovative, reliable and secure digital payment network. “Multi-factor user authentication is critical in today’s interconnected commerce space, and verifying the identity of people attempting to access the network is key to reducing many types of fraud, including chargebacks”, said Eduardo Perez, SVP and Risk Officer for Visa Latin America and the Caribbean.
Fortress Identity will also be supporting and collaborating with Visa technology partners such as YellowPepper, a payment platform provider; NovoPayment, a banking as a service (BaaS) platform company; and HST, a leading EMV vendor.
“We are proud to be working with a company as committed to transaction security as Visa,” Chiarini says. “Visa has always been an innovator. Now, by moving to multi-factor authentication, it is applying the very strongest biometric technology as an option to meet the challenge of safeguarding customers’ assets.”