NEW YORK, Nov. 8, 2019 /PRNewswire/ -- Payfone,
a leader in digital identity authentication announced it has
been named to Deloitte's Technology Fast 500™, a ranking of
the 500 fastest growing technology, media, telecommunications, life
sciences and energy tech companies in North America now in its
"It is an honor to be recognized for a third consecutive year by
Deloitte on their prestigious 2019 Technology Fast 500™ list," said
Rodger Desai, CEO of
Payfone. "The fear of identity fraud and cyberattacks
holds the digital economy back from its full potential. This fear
overtakes the desire to deliver great user experiences and creates
a "Trust Gap" whereby most companies can only 'pass' ~40% of
customers during digital interactions, which is significantly lower
than in-person approvals. Payfone allows billions of additional
consumers to safely access digital services and experience the best
possible user experiences without sacrificing security."
"This year marks the 25th anniversary of
Deloitte's Technology Fast 500, so we are especially pleased to
announce and congratulate the 2019 winners," said Sandra Shirai, vice chairman, Deloitte LLP, and
U.S. technology, media and telecommunications leader. "Once again,
we saw innovation across the board, with software companies
continuing their dominance of the top ten. It's always inspiring to
see how the Fast 500 companies are transforming business and the
world we live and work in."
"As technology innovation trends towards 'everything as a
service,' it's no surprise that software companies dominate the
winners list yet again this year," said Mohana Dissanayake, partner, Deloitte &
Touche LLP, and industry leader for technology, media and
telecommunications, within Deloitte's audit and assurance practice.
"What's exciting about celebrating 25 years of the Tech Fast 500 is
we now have a quarter century of innovation stories to draw and
reflect upon. These are the companies that push boundaries, help
organizations become more efficient and productive, and ultimately
enable businesses to drive growth and revenue. We congratulate all
the well-deserving winners."
Overall, 2019 Technology Fast 500™ companies achieved revenue
growth ranging from 166 percent to 37,458 percent from 2015 to
2018, with median growth of 439 percent.
About Deloitte's 2019 Technology Fast 500™
Now in its 25th year, Deloitte's Technology Fast
500 provides a ranking of the fastest growing technology, media,
telecommunications, life sciences and energy tech companies — both
public and private — in North
America. Technology Fast 500 award winners are selected
based on percentage fiscal year revenue growth from 2015 to
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company's operating revenues. Companies must have base-year
operating revenues of at least $US50,000, and current-year operating revenues of
at least $US5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North
Payfone's award-winning Trust Platform™ and Trust Score™ bring
trust to the digital economy by enabling businesses to instantly
verify customers while thwarting fraud and cyberattacks in
real-time; all within a privacy-first, zero-knowledge framework.
Payfone serves 6 of the top 10 US financial institutions, and
leading healthcare, insurance, technology and retail companies.
at payfone.com and linkedin.com/company/payfone.
View original content to download