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Palo Alto, CA – October 20, 2020 –Private identity company Incognia today announced the launch of its fraud detection solution designed for retailers, restaurants, and payment providers leveraging QR codes for contactless payments. This comes at a critical time; according to Gartner's Consumer Pandemic Attitudes and Behaviors Survey, "40% agreed with the statement ‘I’m more willing to do business with stores or other commercial premises that offer contactless payment options.'" ¹

With consumers ready to re-engage with vendors using contactless methods, health and security are top of mind as businesses push for faster adoption of contactless QR payments. U.S. merchants continue to be on high-alert for fraudulent transactions. In fact, for U.S. merchants, the cost of fraud is up 7.3% in 2020 from 2019. Every dollar of successful fraud now ends up costing U.S. retailers an astonishing $3.36.

“By 2024, 80% of ordering and replenishment will be touchless for most organizations. Customers have become more conscious about their health and safety, leading to changes in their consumption behavior in both their personal life and their work. One obvious change is the increasing popularity of contactless commerce, which enables end-to-end contactless self-service, ” according to Gartner.²

Incognia’s fraud detection solution for QR code contactless payments uses location behavioral biometrics to verify buyer’s and seller’s real-time and historical location behavior to protect against fake QR codes, account takeovers and use of fake synthetic identities during transactions. The solution works for physical in store, remote and peer to peer QR code contactless payments. For consumers, Incognia’s technology creates a private digital identity that enables a user’s device to produce a unique location fingerprint, without compromising any of the user’s personally identifiable information. The digital identity is also matched to the recent behavior of the device and the known behavior of the account.

“The year 2020 has seen a surge in contactless commerce as retailers rapidly adapt to keep consumers and staff safe,” said André Ferraz, CEO and Founder of Incognia. “QR code contactless payments are seeing rapid adoption because of ease of use. QR codes can be easily integrated into retailer apps and scanned by consumers using a smartphone. We’re proud to provide our fraud detection solution to enable safer ways of doing business that are secure and frictionless.”

Incognia’s proprietary location technology uses network signals from GPS, Wi-Fi and Bluetooth along with on-device signals to identify precise locations without capturing any PII. Incognia provides both real-time location verification and also builds an anonymous location behavioral pattern, unique for each user, that creates a location fingerprint for user authentication. Incognia location technology is used in more than 90 million devices in the Americas, and analyzes more than 20 TB of anonymized location signals every day. Incognia provides an SDK for rapid integration into iOS and Android mobile apps.

Incognia’s fraud detection solution for QR code contactless payments is available now.

For more information, visit www.incognia.com/solutions/contactless-payments.

Incognia also offers a complimentary copy of the Gartner report: Payment Acceptance Will Never Be the Same After the COVID-19 Pandemic - download here

¹ Gartner, 10 Things COVID-19 Will Change in Digital Commerce, Sandy Shen, Jason Daigler, Penny Gillespie, Mark Lewis, Dayna Ford, Mike Lowndes, 28 Aug 2020
2 Ibid

Palo Alto, CA – July 14, 2020 – Private identity company, Incognia, today announced the appointment of John Lindner as chief revenue officer. Lindner joins the executive go-to-market team leading US expansion, following the launch of the Incognia mobile fraud SDK solution in June 2020.

Lindner has over 20 years of experience in the security, fraud and authentication space building strategic sales teams at startups that resulted in successful exits and sustained revenue growth. He previously held SVP roles at Valimail and ThreatMetrix.

“Incognia’s first of its kind location behavioral biometrics solution is a game-changer in the digital identity space,” said John Lindner, CRO of Incognia. “I am excited to be part of a team that is poised to drive such strong growth in mobile banking and commerce at a global level. Customers will see immediate value in Incognia’s efficacy and elegant simplicity in addressing mobile fraud prevention and authentication.”

During his time at Valimail, Lindner grew the business 70% within one year. In his previous role at ThreatMetrix, Lindner was responsible for 75% of revenue over a five year span and grew the business 50% per year, establishing ThreatMetrix as a leader in the digital identity space which led to an $835M acquisition by LexisNexis Risk Solutions in 2018.

“While we have invested in our private identity platform for the past 10 years to enable frictionless authentication with no need for personally identifiable information, privacy has become an even hotter topic recently with the acceleration of digital transformation,” said André Ferraz, CEO of Incognia. “We’re thrilled to bring John onboard at such a pivotal point in our already rapid growth to help us build further upon our early momentum in the US market.”

Palo Alto, CA–June 2, 2020 – Private identity company, Incognia, announced the launch of its location-based behavioral biometrics solution developed to combat rising rates of mobile fraud. Incognia's Anti-fraud SDK and APIs enhance identity verification and authentication for banks, fintech and retailers with mobile applications. Working in the background, Incognia builds a unique location fingerprint for each mobile user, without capturing or storing any PII, to create a private digital identity.