Mobile security and authentication technology is always a topic of importance in fintech because fraud threats are continuously evolving.

Mobile commerce and authentication company Payfone announced this month that it raised $10 million, further proving that the need for mobile security technology will be around for awhile. The funding comes from Arizona-based Early Warning, and brings Payfone’s total funding up to almost $40 million.

As a part of the deal, Payfone’s technology will be available to Early Warning’s clients.

To learn more about Payfone, watch its FinovateFall 2012 demo where it launched 1 Touch Checkout.