The two companies jointly offer the technology to financial institutions and e-retailers that participate in the OnlyID Network. The authentication solution provides a single digital login, consisting of the consumer’s thumbprint or another unique identifier. The network is composed by authenticated consumers who use a universal digital representation of their identity to interact with businesses in the network, according to Banking Technology.
FIS and Equifax plan to co-market the OnlyID solution to banks, credit unions, retailers, telecommunications providers, utilities and other businesses.
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