Under the new partnership, Daon’s biometric authentication tools will be integrated into Optimals’ NETBANX and NETSELLER payment services. According to the two companies, target markets for these systems include regulated gaming, governmental and financial services.
“Optimal Payments is an innovator in the customer-not-present payments sector and so we’re delighted to be able to work with them to offer the market ‘homeland security’ grade identity services embedded right into payments,” Tom Grissen, CEO of Daon said.
Reported previously, Daon was selected last year to lead a team to develop an identity ecosystem project that is a part of the U.S. National Strategy for Trusted Identities in Cyberspace (NSTIC) initiative.
“Optimal Payments is at the forefront of technology innovation and Daon’s world-class services are very complimentary to both the segments that we service and the kind of products we offer merchants and banks, such as remote payments, mobile wallets and cross-border remittance,” Joel Leonoff, President and CEO of Optimal Payments said.
This summer, Frost & Sullivan published a statement in favor of mobile biometric payment systems, arguing the industry must focus on payment security and that biometrics represents the best solution for achieving this.