Digital identity and security application
OneID helps consumers manage their digital identities and helps businesses facilitate fraud-resistant transactions. OneID is reinventing the idea of securing one’s online identity, starting with the elimination of usernames and passwords.
For users, OneID makes it easy to securely sign in to websites and make payments online. For credit unions, OneID reduces the friction, fraud and costs associated with authentication and financial transactions, employing a level of security that far exceeds currently available identity systems and is FFIEC compliant.
OneID can be a key component to helping credit unions stay FFIEC compliant, by assisting with multi-factor authentication that is secure, private, and convenient for members. Beyond that, OneID offers protection for card-not-present fraudulent transactions and password phishing. OneID can accelerate the way your credit union handles digital identity and security, while ensuring a smooth member experience.
OneID understands that members and credit unions alike need a way to ensure the security of their transactions and has delivered tools to do just that—tools that will help credit unions strengthen their account security practices and reputation among members.
Time, Fast Company, PC World and many others have recognized that the username/password system is broken and cited OneID as the potential solution. OneID has created a digital identity system that doesn’t require a username and password, and it is safer and easier than those that do.
The OneID process helps consumers eliminate the need for super-human recall associated with remembering multiple usernames and passwords across many accounts and websites. Members are in complete control of the information they share, and their information is no longer stored centrally where it’s vulnerable. For credit unions, OneID reduces the barriers, fraud and costs associated with authentication and financial transactions, while employing a high level of security.
For more information, contact Brenda Halverson, CUNA Strategic Services alliance manager, at 800-356-9655, ext. 4110, or firstname.lastname@example.org.