Transmit Security Signals the End of the Password Era with Industry’s First Authentication Service that Enables Organizations to Delete all Customer Passwords from Their Database
Summary
TEL AVIV, Israel & BOSTON--(BUSINESS WIRE)--Transmit Security, the Identity Experience™ company, today announced the release of BindID™, the industry’s first customer authentication service that is completely password-free. BindID makes authentication simple, unified and much more secure.” For the first time, organizations can now offer a completely password-free experience to their customers without asking them to download applications or rely on text or email messages. BindID empowers organizations to delete all passwords from their databases, which is a groundbreaking step forward for improving security, reducing risk and complying with global data privacy regulations. Before BindID, a passwordless experience required customers to either download applications to their mobile device, use dedicated hardware, or apply methods such as SMS one-time pass codes (OTPs) that are no more convenient than passwords. From onboarding to authentication to smart authorization for both customers and workforce across every channel, our technology reduces all forms of identity attrition and saves enterprises substantial costs.
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