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The NACHA Payments Innovation Alliance Examines Authentication Practices Across Payment Channels

CHICAGO, Feb. 25, 2015 (GLOBE NEWSWIRE) -- Authentication is critical in preventing cybercrime on transactions of any value. Historically, online authentications are accomplished using simple usernames and passwords, but as demonstrated by the dramatic increase in data breaches, these methods are under constant attack. Multi-factor authentication is a potential solution to the authentication problem, by layering the factors that can protect end users without alienating them in the transaction process.

To discuss multi-factor authentication for payments and where the industry is headed, Authentify President and CEO Peter Tapling will join George Peabody, partner, Glenbrook Partners, and Ken Palla, vice president, MUFG Union Bank, at the NACHA Payments Innovation Alliance Meeting in Los Angeles next week. The panel will also discuss what financial institutions are currently doing and what the anticipated new regulatory guidelines may be for authentication practices.

The NACHA Payments Innovation Alliance Meeting will be held from Tuesday, March 3 to Thursday, March 5, 2015 at the Omni Los Angeles Hotel at California Plaza. The panel, "Multi-Factor Authentication – What's Next?" will take place in the Museum room on Wednesday, March 4 from 10:50 a.m. – 12 p.m. PST. For more information, please visit https://www.nacha.org/events.

About Authentify, Inc.

Authentify provides intuitive and consistent multi-factor authentication services for protecting user accounts or key information from unauthorized access. Where many authentication techniques are powerless when valid credentials are wielded by hackers and imposters, Authentify offers certainty, and certainty is power.

Authentify introduced the global security community to its phone-based user authentication services in 2001. Its original phone-based Security as a Service (SaaS) revolutionized the two-factor authentication market. Two-factor authentication (2FA), or two-step verification (2SV), has become a standard for protecting accounts of all types. Authentify xFA mobile multi-factor authentication technology, which employs app endpoints on smart devices, was introduced in 2013. For more information, visit www.authentify.com.

CONTACT: Deb Montner, principal Montner & Associates Tech PR 203-226-9290 dmontner@montner.com

Source: Authentify