Payfone Partners with O2 to Thwart Digital Fraud, Continuing Expansion into 35 Global Markets

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Payfone and O2 are launching this initiative to address the rapidly growing demand for mobile identity authentication services in the United Kingdom and Europe as more companies continue to realize the necessity of advanced multi-factor authentication solutions in the wake of increased incidences of digital fraud. The partnership leverages Payfone's Instant Authentication for Mobile solution, which is already being used by 6 of the top 10 banks in the United States , allowing UK enterprises to be able to extend fast, secure and transparent authentication to their customers.

Payfone's patented next-generation solution works through something users already have—mobile phones. This allows companies to eliminate ineffective and vulnerable two-factor authentication methods like SMS one-time passcodes and knowledge-based authentication to safeguard their users against account takeover attacks and SS7 attacks while simultaneously making the user experience faster and easier. The service uses real-time authentication via O2 that works behind-the-scenes with no on-device software.

Payfone is the leader in mobile and digital identity authentication for the connected world. We are trusted by the world's largest banks, insurers, brokerages and technology companies to enable effortless user experiences by instantly authenticating new user account openings, mobile and web logins, text and chat sessions, and inbound and outbound call center calls. It's all done through our patented platform, which dynamically analyzes millions of digital signals against multiple authentication factors to generate our proprietary Trust Score for each mobile identity—the only measure of mobile and digital trust of its kind on the market today. Learn more at www.payfone.com.

Telefónica UK Limited is a leading digital communications company owned by Telefónica S.A. O2 is the commercial brand of Telefónica UK Limited and is the mobile network operator with the highest customer satisfaction in the UK according to Ofcom. With over 25 million customers, O2 runs 2G, 3G and 4G networks across the UK, as well as operating its nationwide O2 Wifi service. O2 has over 450 retail stores and sponsors The O2, O2 Academy venues and England Rugby. Read more about O2 at o2.co.uk/news.

Press Contact:
Yuka Yoneda
yyoneda@payfone.com