Dytrix, Inc was recently selected as a Top 10 Finalist in the Equifax Design Sprint. Dytrix’s new identity authentication and wire validation product, Protected ireSM, will be the company’s featured product. The finalists underwent several competitive events to qualify.
Regina, M. Lowrie, Dytrix CEO, noted the Equifax award was an important acknowledgement of the company’s continuing focus on supporting senders of real time payments to have safe and secure transactions. She commented that “unrelenting wire fraud is impacting everyone sending significant sums across the Fed wire.” She added “because the funds are immediately available upon receipt and typically involve large sums, these electrons are tempting targets for fraudsters. What’s more, as real-time payments become the primary payment method, we’re already seeing increased regulatory focus by banking regulators and the CFPB on how to ensure safe and secure transactions that protect businesses and consumers”.