Bill.com announced today that it has brought two-factor authentication to customers using its Bill.com Banking Platform. The company is an innovator in the field of integrating bill pay, custom invoicing, and cash flow management for small and medium-sized businesses.
Available for banks and built into the platform for small businesses, the technology is compatible with existing authentication methods, and can be readily integrated. Said CEO Rene Lacerte, “banks can offer small businesses one more reason to trust all of their business needs to one bank.”
Bill.com stresses the unobtrusive nature of their authentication solution. The technology uses a risk-based model to monitor all activity and determine when a request for further authentication from the user should be made. This, according to Bill.com, helps prevent workflow interruptions that can take place when authentication processes are triggered whenever any change is made.
Founded in 2006 and headquartered in Palo Alto, California, Bill.com won Gold at the 2013 PYMNTS.com Innovator Awards in the “Best Innovation via ACH” category. The company recently announced that it had converted more than 40% of its customers from checks to electronic ACH transactions.
Bill.com presented its technology as part of the FinovateSpring 2011 show in San Francisco. See the company’s demo here.