American Express Acquires InAuth for Undisclosed Sum

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=22cd6266-86fc-4f9d-a330-b7dd3789370d
Date
12/8/2016
Company Name
InAuth
Mailing Address
867 Boylston Street Venice, MA 02116 USA
Company Description
InAuth offers the market s best mobile-first authentication & fraud prevention across mobile apps, mobile browsers, and desktop browsers.
Website
http://www.inauth.com
Transaction Type
M&A
Transaction Amount
Undisclosed
Transaction Round
Proceeds Purposes
M&A Terms
The acquisition complements and enhances American Express’ comprehensive data analytics and fraud prevention capabilities, which have enabled the company to achieve the lowest fraud rates in the industry. The acquisition also positions the company to capture new opportunities as more consumer activity – from payments to account origination and servicing – moves to digital channels.