IDology makes strategic equity investment in Payfone
IDology, an identity verification and fraud prevention product provider, today announced a strategic equity investment in Payfone, a network authentication provider, according to a press release.
IDology has also integrated the Payfone product as part of its ExpectID Mobile Solution to better reduce risk associated with mobile devices and improve the mobile commerce experience.
"IDology is a leading solutions platform for identity verification and fraud prevention that assists customers with account origination and step-up authentication," John Dancu, chief executive officer of IDology, said in a statement. "Our partnership with Payfone strengthens our identity verification and fraud prevention process and also enables IDology to provide network authentication and transaction monitoring for ongoing transactions. Payfone will be a key partner with us in the advancement of solutions for the mobile environment. Our decision to invest in Payfone’s business stems from our commitment to enable mobile solutions that strike a balance between convenience and security and deliver personal, secure and frictionless access to products and services."