“For transactions requiring stronger authentication […] it supports two-factor authentication via SMS, as well as biometric authentication including facial, fingerprint, and voice recognition.”
Adyen is staking claim to being the first payments platform provider to deliver a system that offers passive authentication for transactions based on EMVCo’s 3DS 2.0 protocol.
The system is designed to analyze over 100 data points pertaining to a given transaction, allowing for authentication with no particular intervention on the customer’s part. For transactions requiring stronger authentication, meanwhile, it supports two-factor authentication via SMS, as well as biometric authentication including facial, fingerprint, and voice recognition.
That could make it especially appealing in the context of increasing digital commerce, particularly via mobile devices. And it reflects the growing prevalence of biometric authentication in general, as consumers and merchants alike become more aware of the risks associated with password-based authentication.
Merchants will also appreciate that Adyen’s system is designed to automatically comply with the European Union’s PSD2 regulations where appropriate; and in markets where PSD2 doesn’t apply, the system will automatically identify banks that offer higher authorization rates for sharing more data via 3DS 2.0.
(Originally posted on FindBimoetrics)