Payfone Rebranded as Prove
Prove, formerly known as Payfone, is a leading platform specializing in digital identity authentication and verification. Here’s an overview of its products and key features:
Identity Verification and Authentication
Prove offers a suite of solutions designed to enhance user experience, mitigate fraud, and ensure secure transactions across various industries, including banking, fintech, healthcare, insurance, telecommunications, and retail.
Key Products and Features
1. Prove Identity
- Verifies the identity of users by analyzing mobile phone data and other attributes. This solution is used for account opening, onboarding, and ongoing user verification to prevent fraud. It eliminates the need for document scans or selfies, reducing friction and enhancing security.
2. Prove Pre-Fill
- Automatically populates online forms with verified information based on the user’s mobile number. This enhances user experience by reducing manual data entry and improving the accuracy of collected data. It can increase onboarding pass rates significantly, as seen in cases like Bilt Mastercard.
3. Prove Mobile Auth
- Provides seamless multi-factor authentication using the mobile device and phone number. Users can authenticate with a single tap, reducing friction while maintaining high security levels.
4. Prove Smart Auth
- Combines device intelligence, behavioral biometrics, and network data to provide adaptive authentication. The level of authentication required is adjusted based on the risk level, ensuring a balance between security and user convenience.
5. Prove Trust Score
- Part of the Trust Platform, this feature quantifies the level of confidence in a consumer’s identity with a real-time score. This allows brands to deliver a VIP experience to a majority of their customers by confidently verifying their identities, thus closing the ‘trust gap’ and facilitating smoother transactions.
6. Prove Identity Manager℠
- A real-time registry of phone identity tokens that helps clients manage their consumers’ phone numbers and other identity attributes through lifecycle changes. This ensures continuous and accurate identity verification.
Additional Functionality
- Frictionless User Experience: Prove’s solutions are designed to simplify identity verification processes, eliminating the need for complex and time-consuming identity checks. This results in higher completion rates and reduced abandonment rates during onboarding processes.
- Advanced Security: The platform ensures bank-grade security with cutting-edge encryption and authentication technologies, protecting sensitive data and maintaining user privacy.
- Global Reach: Prove supports over 195 countries and manages a trusted registry of 1 billion identity tokens, making it a global leader in identity authentication and verification.
- Integration and Scalability: Prove offers a developer portal with a single, elegant interface that enables seamless integration of its digital identity products in just a few minutes. This includes client and server-side SDKs to fast-track implementation.
By leveraging these features, Prove helps businesses improve consumer experience, mitigate fraud, and achieve rapid growth, setting a new standard for modern identity authentication.