iovation, the leading provider of device-based solutions for authentication and fraud prevention, today announced it has secured a patent entitled “Systems and Methods for Group Authentication.” The group authentication patent enables multiple parties in different locations to approve a transaction with their mobile devices.
In its patent application, iovation outlined several scenarios covered by group authentication:
- A business user needs to ship an item but requires manager approval before doing so
- Business partners wish to sign off on large financial transactions together while working remotely from one another
- Updating software may require approval from a group of developers and a single project
- A child needs permission from two parents to watch a movie, but neither one of them is present