NEW YORK – CashEdge said yesterday it has signed with Verid to implement the company’s authentication technology into its online account opening and funding systems, used by credit unions and banks. Verid’s Knowledge-based Authentication presents users with a series of personal questions based on deep background data derived from a variety of public information sources. The technology conducts sophisticated analytics to build a comprehensive knowledge profile and guides the user through an intuitive and interactive process until identity is confirmed. Verid’s newest innovation is IdentityEvent, a new capability that will spot suspicious identity activity and increase security in real-time, before and identity theft takes place.
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