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Prove (Payfone) acquires mobile authentication lines of business from Early Warning Services

By Pavithra R

July 30, 2020

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Rodger Desai, CEO of Prove

Payfone, the modern platform for continuous identity authentication, has announced its rebranding as Prove and the acquisition of mobile authentication lines of business from Early Warning Services, a consortium owned by 7 of the country’s largest banks.

The acquisition includes Early Warning’s mobile authentication business, Early Warning’s multi-factor authentication, and orchestration solutions, and the Authentify line of business.

Both Prove and Early Warning have been partners since 2013 to deliver authentication solutions to the U.S. financial services industry. With the acquisition, the company has assumed direct support for the customers sourced through the partnership, bringing the total number of top 10 U.S. banks served directly by Prove to 7.

Prove has also announced the joining of Geoff Miller, former SVP of Global Fraud and Identity Solutions at TransUnion, and former Payfone board member to its team as SVP and General Manager of the acquired multi-factor authentication business.

“When you are trusted and relied upon by the world’s leading financial institutions, other industries notice and want the same protections for their customers. This acquisition will further accelerate our rapid growth and penetration into financial institutions around the globe, positioning Prove as the global standard for customer identity and authentication,” said Rodger Desai, CEO of Prove.

Prove’s cloud solutions and mobile intelligence-driven APIs will be orchestrated to increase Approve Rates to 90%+, enabling companies to authenticate customer identities while preventing fraud caused by false positives.

Founded in 2008, Prove is the modern platform for continuous identity authentication and is used by over 1,000 enterprises and 500 financial institutions, including 7 of the top 10 U.S.

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