Callsign joins the Visa Fintech Partner Connect program

By Joy Dumasia

Visa chooses Callsign as their preferred behavioural biometric digital and device intelligence identity provider. Under the agreement, Visa will introduce Callsign’s behavioural biometric and device fingerprinting solutions to the Visa network of financial institutions, payment service providers (PSPs), and merchants across Europe. 

Callsign joins the Visa Fintech Partner Connect programme giving banks, merchants and the wider card ecosystem access to Callsign’s Intelligence-driven authentication solutions, which positively identify consumers using inherent behavioural biometrics whilst detecting and preventing fraud. 

Using machine learning techniques, Callsign combines behavioural biometrics, device intelligence and geo-location with multi-factor authentication to help authenticate users’ identities. This approach helps banks, merchants, and PSPs secure and authenticate users’ identities frictionlessly, stopping fraud early and only letting genuine customers access their service and transact safely and seamlessly. 

The agreement comes at a time of spiralling fraud; according to a recent report, every second fraudulent transaction in the finance industry was taken over. Card, not present fraud (CNP) accounted for 79% of all card fraud across the Single European Payments Area and, figures from UK finance suggest that in the money lost to Authorised Push Payment (APP) scams totalled nearly half a billion (£479 million) in 2020. 

Amir Nooriala, Chief Commercial Officer, Callsign, said: “The need to accurately identify users online for digital payments and online banking is critical due to the shift to online transactions in the past 18 months. Financial services organisations are looking for the technology that provides the most secure, accurate and seamless user experience to incorporate into their solutions. We are pleased to be joining the Visa Fintech Partner Connect to work with Europe’s leading FinTechs.”

Recently, IBS Intelligence reported that Capital Bank, a provider of innovative Institutional and Consumer banking products and services, has announced the launch of Visa corporate solutions for Corporate and SMEs Companies.