Bedford, MA – October 12, 2021 – Outseer, the leader in payment authentication and monitoring solutions, today announced new identity-centric capabilities for its flagship Outseer Fraud Manager™ product offering. The two innovations include:
Through the Outseer Beyond program, third-party providers including 1Kosmos help to expand the scope and reach of Outseer solutions to a worldwide customer and partner community.
1Kosmos delivers a distributed digital identity platform that is both FIDO2 and NIST certified, providing strong customer authentication to secure account enrollment, logins, payment processing, and eliminate identity fraud.
“We’re enhancing Outseer Fraud Manager solutions with identity-based controls to protect the end-to-end user journey for our customers’ own digital commerce operations. Driving this investment is the rapid increase in account takeover attempts, notably by 27% in 2020 alone,” said Jim Ducharme, COO, Outseer. “Outseer is committed to ridding the world of transactional fraud, and leveraging digital identity capabilities from partners like 1Kosmos will ensure we deliver on this mission even faster.”
“More than 4.7 million fraud cases were reported to the Federal Trade Commission last year, with identity fraud being the root cause,” said Hemen Vimadalal, CEO at 1Kosmos. “1Kosmos
and Outseer are working together to augment and develop new use cases of fraud detection. Using our platform, we will blend user authentication and identity proofing to reduce fraud and increase operational efficiencies – all wrapped into a single frictionless experience.”
Outseer, an RSA company, empowers the digital economy to grow by authenticating billions of transactions annually. Our payment and account monitoring solutions increase revenue and reduce customer friction for card issuing banks, payment processors, and merchants worldwide. Leveraging 20 billion annual transactions from 6,000 global institutions contributing to the Outseer Data Network, our identity-based science delivers the highest fraud detection rates and lowest customer intervention in the industry. See what others can’t at outseer.com.
1Kosmos BlockID is a distributed digital identity platform supporting both business-to-employee and business-to-consumer services that easily integrates with existing operating systems, applications, and IT security infrastructure to perform strong, verified identity-based authentication – eliminating the need for passwords, one-time codes, and more. By simplifying identity infrastructure, 1Kosmos drives both cost savings and user convenience while securing businesses and individuals from the harm and inconvenience of identity fraud. The company is headquartered in Somerset, New Jersey. For more information, visit www.1kosmos.com or follow @1KosmosBlockID on Twitter.