LexisNexis® Announces Enhanced International Capabilities For Its One Time Password Authentication Solution
June 30, 2014 —
LexisNexis® Risk Solutions today announced enhanced international capabilities for its multi-factor authentication One Time Password (OTP) solution. Now customers located in Australia, Canada, United Kingdom, France, Ireland, China, Hong Kong, Taiwan, Mexico, Thailand, and Japan have the same access to this user authentication service as U.S. based customers. The OTP international authentication method provides financial services, health care, government, and retail organizations the ability to have stronger authentication when performing a high risk, high value transaction with a customer.
OTP is a one-time authentication solution that uses a temporary and unique pass code sent to a known or verified phone number or email address. Then it validates and authenticates the user associated with the phone number or email address. It also offers time-sensitive, single-use, unique random passcode via SMS, text, email or phone to authenticate individuals who perform repeated high risk, high value transactions through remote channels, including the Web, mobile and voice. No hardware other than the user's existing phone, mobile device or personal computer is required.
“The new international capabilities in our OTP solution offer our customers an easy and cost-effective alternative to implement an additional factor of authentication by leveraging a device that the user already has,” said Dennis Becker, Vice President, Market Planning, Identity Management, LexisNexis. “This product is another example of our commitment to combat growing fraud losses associated with remote or anonymous access by securing our customer’s data through our Multi-Factor Authentication solutions.”
About LexisNexis Risk Solutions
LexisNexis Risk Solutions (www.lexisnexis.com/risk/) is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced analytics, Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of Reed Elsevier, a leading global provider of professional information solutions across a number of sectors.
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