Strengthening the mobile banking!

The mobile banking demonstrates its tremendous popularity resulted by its ease and convenience and, as a result, more and more concerns are raised regarding the security of this type of banking. The biggest fears are related to the poor development of the authentication process. IDology, Inc., an innovative provider of identity and age verification solution announced Obopay, known as the service provider for mobile banking solutions that works on any phone of any carrier, has integrated a knowledge -based authentication solution.

Once the users sign up for Obopay, they will have to pass the verification of their identity using IDology's ExpectID product suite including ExpectID IQ solution that contains the number of multiple choice questions that will allow to determine an identity of the person. "Keeping our platform safe means protecting our consumers from identity theft and fraud," said Christopher Martin, Vice President and Compliance Officer, Obopay. "IDology's solutions verify identity easily and immediately".

John Dancu, President and CEO of IDology declared that  "being able to quickly and easily determine someone is who they say they are is an important part of the payment process and we are happy we have accomplished this task together with Obopay."

Natalia, reporter of Ecommerce Journal