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OneID® Ushers In New Era of Digital IdentitySAN JOSE, Calif. --(Business Wire)-- OneID Inc., a next-generation digital identity service, today announced the availability of the developer release of its new service that eliminates the need for multiple usernames and passwords. Using the OneID service, consumers can safely sign in to websites and pay online with a single digital identity. For online businesses, OneID reduces the friction, fraud and costs associated with authentication and financial transactions, thus improving customer experience and reducing transaction time. With only a few lines of code required to accept the OneID service, businesses now have a solution that reduces the hassles and exposures surrounding authentication and financial transactions, employing a level of security that far exceeds currently available digital identity systems. The OneID service is based on a unique combination of advanced asymmetric cryptography, the ubiquity of mobile devices and a unique distributed architecture that provides protection from sophisticated online security threats. With OneID, businesses now have a convenient, secure, and cost-effective digital identity service that solves the authentication problem. Developers can try the OneID service at www.OneID.com. OneID was founded by Silicon Valley visionary and serial entrepreneur Steve Kirsch, who wants to replace the current username/password digital identity paradigm with an entirely new approach that asserts digital identity across all devices (PCs, smartphones, tablets, etc.) using public key cryptography instead of shared secrets (such as passwords). The OneID digital identity system is comprised of software that runs in four different places: browsers, mobile devices, websites, and the cloud. All of these elements combine to provide a solution that is easy to use, secure, preserves privacy, and gives users express control over the use of their identity. "We believe the current username/password system is outdated and obsolete. We continue to experience phishing, malware, and key logging attacks, as well as massive centralized data breaches exposing users' passwords and credit card information. Until we eliminate the use of shared secrets for authentication, there will never be a satisfactory answer to the question, 'How do I know I am really safe when I sign on to a website?'" said Steve Kirsch, Founder & CEO of OneID Inc. "With OneID we take an innovative approach towards solving this problem and believe this will be the new way people will log on to websites and conduct e-commerce transactions more safely nd securely." For Businesses, OneID Reduces IT Costs and Creates Foundation for Future As more consumers shop online, the IT costs associated with authentication and financial transactions such as lost password recovery, liability from credit card theft, chargebacks, etc., have continued to skyrocket, putting additional pressure on online merchants. With OneID, the costs and pressure on businesses are significantly reduced. Customers don't need to remember multiple usernames and passwords, which speeds up the sign in and check out processes and reduces cart abandonment due to lost passwords and the complexity of creating site-specific accounts. In addition, OneID eliminates the need for sites to store credit card information for OneID users, thus reducing their PCI (News - Alert) liability. The OneID service easily integrates into any website and provides the ideal foundation for developing new online and mobile application and services. OneID Makes It Easy and Secure For Consumers Online businesses deploying OneID can assure their customers that they need not worry about their transaction related personal information (e.g., credit card information) being compromised from online security threats. OneID user information is stored on the users' devices, which means their information has little to no risk of being exposed in the event of a centralized security breach. OneID employs a two-factor authentication system that firmly places users in control of their personal, financial and credit card information. Additionally, with the OneID service, users can choose the level of security they want for each type of transaction, balancing security with convenience at their discretion. The OneID digital identity service is currently available for developers. For more information, please visit www.oneID.com. 3RD PARTY QUOTES: Quote from Sophelle: "Retailers are looking for a solution that not only keeps their customers' digital identities safe and secure, but also provides a frictionless shopping experience," said Doug Weich, CEO, Sophelle. "We have seen what the OneID service has to offer and believe this is the right solution that benefits both retailers and customers." Quote from NGP VAN: "During this election year, online donations are expected to hit an all time high, making donor security and privacy a top priority," said Stu Trevelyan, CEO, NGP VAN. "As we continue to implement OneID into various campaign sites across the country, donors will see firsthand how OneID helps simplify and speed-up the online donation process. We highly recommend that fundraising sites consider using OneID." Quote from Salsa Labs: "After evaluating OneID, we see that nonprofits and campaigns of all sizes can benefit from using the service as another way to protect their supporters, donors and members," said Chris Lundberg, Co-founder and CEO, SalsaLabs. "The benefits that OneID brings,such as the ease of use for online users and unparalleled security for website owners was more than enough incentive for us to roll out the service to the Salsa Network of thousands of sites." SOCIAL MEDIA:
About OneID OneID is the next-generation digital identity service that eliminates the need for multiple usernames and passwords. Using a combination of advanced asymmetric cryptography, the ubiquity of mobile devices and a unique distributed architecture, the OneID digital identity solution is both incredibly convenient and highly secure, protecting individuals and businesses from sophisticated online security threats. For individuals, OneID makes it easy to securely sign in to websites and make payments online, while putting users in control of the information they share. For businesses, OneID reduces the friction, fraud and costs associated with authentication and financial transactions, employing a level of security that far exceeds currently available identity systems. The OneID service easily integrates into any website and provides a foundation for developing new online and mobile applications and services. Founded by Steve Kirsch, tech visionary and serial innovator, OneID is digital identity done right. For more information, go to www.OneID.com.
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