AuthenticID and Authvia have announced a strategic partnership to enhance security in digital payments through AI-powered identity verification. The collaboration will integrate AuthenticID’s identity verification platform into Authvia’s Text-to-Pay and Conversational Commerce solutions to combat rising fraud threats in digital transactions.
The partnership comes at a critical time, as recent data from AuthenticID showed fraud rates reaching a three-year high of 2.10 percent, driven largely by sophisticated AI-powered attacks. The new integration aims to provide near-instant identity verification while maintaining a seamless payment experience for users.
The combined solution will focus on securing high-risk financial transactions, including large transfers, account withdrawals and deposits, high-value purchases, and business-to-customer payouts. By leveraging both companies’ AI capabilities, the system can verify user identities within seconds while ensuring compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
“As the demand for instant payments continues to skyrocket among consumers, so has the rate of identity fraud,” said Reed Taussig, AuthenticID’s CEO. “With the AuthenticID platform, we’re not just moving at the speed of fraud—we’re moving at the speed of consumers and ensuring cutting-edge offerings like AI-powered text-to-pay and payouts are trusted, secure methods of payments.”
This latest partnership extends AuthenticID’s expansion in the identity verification space, following its recent collaboration with Credivera in workforce verification. The company has established itself as a pioneer in identity technology, with over three decades of experience in developing advanced verification solutions.
Authvia’s Founder/CEO Chris Brunner highlighted the significance of combining their technologies. “By combining our patented text-to-pay and payout solutions with AuthenticID’s industry-leading AI-driven fraud detection, we’re delivering a seamless, bank-grade security experience that businesses can trust,” he said.
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March 13, 2025 – by Ji-seo Kim
