TMCnet News
Fintech leader PayBright launches EnStream mobile verificationTORONTO, May 29, 2019 /CNW/ - EnStream, the digital identity and device authentication joint venture of Canada's national mobile network operators, and PayBright, a payments platform that offers merchants and consumers instant financing options, have partnered to advance PayBright's client identity verification and authentication capabilities. "We bring Canadians a better way to pay through instant financing at their favourite merchants, both online and in-store," said Wayne Pommen, President & CEO of PayBright. "Fast and accurate identity verification and fraud detection is critical to protecting our customers and our business. With EnStream's mobile verification, we are benefiting from the same security and reliability that mobile networks use to manage their subscribers." PayBright understands the importance of online security and fraud management in instant financing and payments. Their point-of-sale consumer financing platform offers attractive rates for retailers who want to give their shoppers new and flexible payment options, such as interest-free financing. EnStream's mobile authentication assists in creating fast and secure identity verification during the approval process for each transaction. EnStream's acess to data from Canada's national mobile operators provides instantaneous, silent identity verification and fraud management solutions to secure transactions. A mobile subscriber applying for an in-store or online service, or seeking to conclude a transaction, can permit their mobile network operator to verify their identity. This helps fintech companies and financial institutions meet their Know Your Customer (KYC) requirements and ensure their clients are who they say they are, avoiding fraudsters. "EnStream is very pleased to welcome PayBright to the growing list of financial services companies using our verification services, with end user consent, to reduce risk and enhance their own results," said Almis Ledas, President and COO of EnStream. EnStream continues to expand providing mobile identity and device authentication services to financial institutions, transportation companies, lottery corporations and government organizations. About EnStream About PayBright: SOURCE EnStream LP |