RDN Rolls Out New Two-Factor Authentication Process for Recovery Providers and Lenders
Recovery Database Network recently announced the launch of two-factor authentication for users of RDN’s specialized software platform linking auto lending institutions with recovery companies.
Although RDN’s current login system requires an ID, password and separate security code, officials explained that adding two-factor authentication provides a substantial increase in user account security for both auto lenders and recovery service providers.
With the addition of two-factor authentication, officials said RDN users will provide a second security code during the login process.
RDN indicated this second security code is a six-digit personal identification number that is unique for each login attempt. The PIN is updated every 60 seconds and is received on a user’s smartphone using the free Google Authenticator application (iPhone, Android and BlackBerry devices currently supported).
RDN users also have the option to receive this PIN via SMS message or through e-mail.
“Our community of recovery agents and lenders rely on us for innovations that make the vehicle recovery process more efficient, dependable and secure,” said Todd Hodnett, president and chief executive officer of RDN.
“With our industry-leading use of two-factor authentication, we’re able to provide customers with additional assurance that their account information and recovery data remain safe,” Hodnett continued.
Eric Balsa, RDN’s chief technology officer, added, “Two-factor authentication is often implemented using costly key-fob tokens that are easily lost or misplaced. RDN’s innovative security solution gives users multiple delivery options without imposing additional expense.”
A subsidiary of OPENLANE, RDN is a provider of software and data solutions related to the recovery of assets for the automotive finance industry.
For more information about RDN’s two-factor authentication process, contact RDN at (817) 204-0298, ext. 102.