TORONTO, May 29, 2019 /CNW/ - EnStream, the digital identity and device authentication joint venture of Canada's national mobile network operators, and PayBright, a payments platform that offers merchants and consumers instant financing options, have partnered to advance PayBright's client identity verification and authentication capabilities.
"We bring Canadians a better way to pay through instant financing at their favourite merchants, both online and in-store," said Wayne Pommen, President & CEO of PayBright. "Fast and accurate identity verification and fraud detection is critical to protecting our customers and our business. With EnStream's mobile verification, we are benefiting from the same security and reliability that mobile networks use to manage their subscribers."
PayBright understands the importance of online security and fraud management in instant financing and payments. Their point-of-sale consumer financing platform offers attractive rates for retailers who want to give their shoppers new and flexible payment options, such as interest-free financing. EnStream's mobile authentication assists in creating fast and secure identity verification during the approval process for each transaction.
EnStream's access to data from Canada's national mobile operators provides instantaneous, silent identity verification and fraud management solutions to secure transactions. A mobile subscriber applying for an in-store or online service, or seeking to conclude a transaction, can permit their mobile network operator to verify their identity. This helps fintech companies and financial institutions meet their Know Your Customer (KYC) requirements and ensure their clients are who they say they are, avoiding fraudsters.
"EnStream is very pleased to welcome PayBright to the growing list of financial services companies using our verification services, with end user consent, to reduce risk and enhance their own results," said Almis Ledas, President and COO of EnStream.
EnStream continues to expand providing mobile identity and device authentication services to financial institutions, transportation companies, lottery corporations and government organizations.
EnStream is a joint venture of Canada's leading mobile telecom companies – Bell Mobility, Rogers Communications and TELUS Communications – that provides identity verification and device authentication for 3rd party applications. Intended for banks, credit bureaus, insurance companies, government, utilities and many others, with end-user consent, these services can help provide timely and accurate verification of mobile subscriber identity and related account and service information, as a means to enhance user convenience and reduce identity theft and fraud. For more information, please visit www.enstream.com.
PayBright is a Canadian consumer lender and payments platform focused on instant point-of-sale installment payment plans for both e-commerce and in-store transactions. PayBright was the first company to launch instant financing for e-commerce purchases in Canada. Headquartered in Toronto, PayBright is partnered with over 4,300 merchants across all 10 provinces of Canada. Using PayBright's platform, merchants can have their customers approved for affordable monthly payments on-location or online using desktop, tablet, or smartphone interfaces. PayBright has approved over $600 million in consumer credit since inception and is funded by leading Canadian investors and financial institutions. For more information visit www.paybright.com.
SOURCE EnStream LP
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