• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Veratad Uses Phone Numbers to Verify Identities with Smart 2FA Solution

November 18, 2020

Veratad Technologies is releasing a new Smart 2FA solution that uses phone records to help verify the identity of the user. The company designed the solution to improve on more conventional device-based two-factor authentication (2FA) offerings, which check to make sure that the user has the proper password and is signing in on a trusted device.

Veratad Uses Phone Numbers to Verify Identities with Smart 2FA Solution

The problem, according to Veratad, is that that kind of 2FA can still be beat with the proper information. For example, a cybercriminal who compromises the user’s password (either through a security breach, phishing, or some other means) and then gains possession of their phone would have unrestricted access to various accounts.

Smart 2FA, on the other hand, takes additional precautions to link a device to its true owner. The solution analyzes the information that the user provides during the onboarding process, and then cross-references it against various databases to see whether or not that name is on any government sanctions list, or is associated with any criminal activities. It also checks to make sure that a real phone number is being used, and that that number used does indeed belong to the person who initiated the registration.

Smart 2FA can be deployed with a single API, and does not create any additional steps for the user during onboarding. With that in mind, Veratad is hoping that it will appeal to businesses that want to deliver a more streamlined experience for their customers.

“Organizations that do business online needed a way to secure account access and establish trust with users, but traditional 2FA doesn’t verify identity. It just provides knowledge of a password and possession of a device,” said Veratad CEO John Ahrens. “In comparison, Smart 2FA introduces two new authentication factors — ownership of the device and verification of identity through phone records and data.”

With its debut, Smart 2FA takes its place alongside IDResponse in the Veratad portfolio. IDResponse provides age and identity verification for customers in healthcare and other industries.

Filed Under: Industry News Tagged With: 2FA, authentication, IDresponse, mobile authentication, Smart 2FA, strong online authentication, two factor authentication, Veratad, Veratad Smart 2FA, Veratad Technologies

Related News & Articles

Fingerprint Cards Sensor Used in Biometric Payment Card Trial

New Ambiq VoS Kit Makes it Easier to Add Voice Command Functionality to IoT Devices

GSMA Reiterates Health and Safety Measures in Wake of Ericsson’s MWC Cancellation

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Thai Authorities Approve Mobile ID for Airport Boarding
  • New Yoti Solution Ties Biometrics to e-Signatures
  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld