SOURCE: OneID

OneID

May 02, 2013 09:00 ET

OneID Wins Kudos From PYMNTS.com as a Technology Innovator

REDWOOD CITY, CA--(Marketwired - May 2, 2013) - OneID, the first digital identity provider to eliminate the need for usernames and passwords, has received a bronze award for Best Technology for the 2013 Innovator Award from PYMNTS.com, the leading source of news and content in payments innovation. OneID was recognized as a leader in the payments industry for introducing a fully trustable, digital identity solution that is easy for customers to use. The winners were announced on March 21 at the The Innovation Project, a two-day program that challenges the way the payments and the broader commerce ecosystem thinks, develops, and ignites innovation.

"We are thrilled to be recognized by PYMNTS.com and ultimately our peers in the industry as an innovator for a new digital identity and sign-on solution that allows Internet users to access their accounts quickly and securely," said Alex Doll, CEO of OneID. "We have created a solution for financial institutions that uses digital signatures to dramatically reduce fraud risk while also simplifying the login procedure for account holders." 

OneID securely enables login, form-fill and transaction authorization in just a few clicks, without the need for usernames and passwords. To put consumers on the fast track toward controlling their personal information online, OneID released OneID QuickFill browser extension, available for Chrome, Firefox and Safari. Using OneID QuickFill, consumers can create their own OneID and securely retrieve their encrypted information from their OneID account, flying through the checkout process and achieving new levels of personal digital security.

"The Innovation Project award winners included senior executives and elite innovators from every aspect of the payments and broader commerce ecosystem, worldwide," said Karen Webster, CEO of PYMNTS.com. "We are proud to announce OneID won Best Technology in payments innovation and truly believe they are the up and coming solution for digital identity." 

For more information on OneID and its online identity solution visit www.oneid.com.

About OneID

OneID is the first digital identity provider to eliminate the need for usernames, passwords and site-specific accounts, making the online experience simpler and more secure. OneID enables online transactions without typing by instantly recognizing individuals through their unique digital identity. OneID combines advanced, military-grade cryptography and a distributed cloud architecture to authenticate users through registered devices, like computers and smartphones. For businesses, OneID reduces fraud and eliminates the costs and risks associated with managing and securing customer accounts and data. Based in Redwood City, Calif., OneID was created by search engine Infoseek founder Steve Kirsch and is backed by Khosla Ventures and North Bridge Venture Partners. For more information or to create your OneID, visit http://www.oneid.com.

About The Innovation Project

Over 2 days, 100 speakers and 500 senior members of the payments industry change the way that the payments and its broader commerce ecosystem thinks, talks, delivers and ignites innovation. On March 20th and 21st the greatest minds in commerce and payments assembled at Harvard University near Boston to kick the conversation about innovation up to an entirely different level at a program called The Innovation Project. Speakers and delegates are among the most senior executives and elite innovators from literally every established payments company worldwide, along with the CEOs of the most innovative startups in the space. One of its five modules includes pairing industry CEOs with external thought leaders such as Al Gore (former U.S. VP), Steve Levitt (Freakonomics), Eric Reis (The Lean Startup), Rosie Rios (U.S. Treasurer), Russell Simmons (Rush Card), Raj Date (CFPB), and Josh Lerner (The Architecture of Innovation) to challenge the conventional wisdom around what it will take to get merchants and consumers to adopt new ways to shop and pay. Warren Buffett is the program's keynote. The Innovation Project also hosts the industry's PYMNTS.com Innovator Awards, given to 15 of the industry's top innovators over dinner, which this year will be emceed by B.J. Novak of The Office and will introduce delegates to 40 of the hottest "next generation" payments innovators.

About PYMNTS.com

PYMNTS.com is reinventing the way in which companies in payments share relevant information about the initiatives that shape the future of commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about "what's next" in payments. C-suite and VP level executives read it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It's where the best minds and best content meet on the web.

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