Canadian fintech lender PayBright announced on Wednesday it has teamed up with Enstream, an digital identity and device authentication joint venture of Canada’s national mobile network operators, to advance its client identity verification and authentication capabilities.
“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.”
Speaking about the partnership, Wayne Pommen, President & CEO of PayBright, stated:
“We bring Canadians a better way to pay through instant financing at their favorite merchants, both online and in-store. 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.”
Almis Ledas, President and COO of EnStream, went on to add:
“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.”