The Spanish bank BBVA has partnered with Nok Nok Labs in an effort to strengthen the biometric security of its mobile platform. To that end, Nok Nok will outfit BBVA with a number of different authentication technologies for its mobile and online channels. The two companies did not specify exactly which authentication technologies would be…
Buguroo has provided consumers with a handy primer that details the relative strengths and weaknesses of some of the most common forms of two-step authentication. The company notes that Strong Customer Authentication is a key component of new regulatory standards like PSD2, and will be increasingly important for companies and financial institutions that are hoping…
Uniken and everis have formed a partnership that will make the former’s REL-ID authentication solution available to everis clients around the world. REL-ID is a multi-channel solution that authenticates customers who call into a company’s Contact Center, and does so without the need to exchange any Personally Identifiable Information (PII). REL-ID offers secure multi-factor authentication…
The e-commerce specialist Riskified has released the results of a new survey that suggests that Europe’s online retailers should be more worried about lost revenue in the wake of Europe’s incoming PSD2 regulations. Specifically, Riskified found that while the vast majority (88 percent) of retailers believe that most consumers are at least somewhat aware of…
Computop has released a new biometric authentication platform that will allow online retailers to provide two-factor authentication and streamline the payments process on mobile devices. Computop is a payment processing company, while the Biometrics by Computop platform is compliant with the latest PSD2 standards. According to Computop, the new platform will allow online retailers to…
BehavioSec has updated its behavioral biometrics platform ahead of the European Union’s upcoming PSD2 compliance deadline. Version 5.1 of the platform offers better mouse recognition and anomaly detection, in addition to other accuracy and authentication upgrades. The upgraded platform also guards against fraud associated with new accounts. BehavioSec 5.1 will compare the behavior of a…
Signicat has integrated the Yes open identity scheme into its Digital Identity Platform. Yes’s scheme essentially functions like a more secure version of Facebook, allowing users to perform a single sign-in to gain access to a range of digital services from participating businesses. The difference is that Yes customers log in through their bank rather…
Truxtun Capital has released a new payment card that leverages acoustic technology for an additional layer of security. The new Wega 3DSA 2.0 is available in the UK through the company’s partnership with the Manchester City Football Club, and is being billed as the first commercial deployment of a FIDO-certified payment card. “Truxtun’s Acoustic technology…
OneSpan has found a new client for its mobile security services. The company has announced that the United Bulgarian Bank is now using both Cronto and its Mobile Security Suite to safeguard its six-month-old mobile banking app. “We want to improve and expand the use of our digital channels, especially mobile,” said Iliyana Voynova, the…
The final deadline for compliance with the European Union’s revised Payment Services Directive (PSD2) is coming up in September of 2019. However, a new report from the Aite Group and iovation suggests that most payment services providers are not prepared. And those that do comply are expected to turn to some form of biometric authentication.…
OneSpan has issued its results for the fourth quarter and 2018 fiscal year, showing strong results that exceeded the upper end of its revenue guidance for the year. The Chicago-based authentication specialist saw revenues of revenues of $64.8 million in Q4, up 19 percent year-over-year. For the full 2018 fiscal year, OneSpan reports revenues of…
“The increase in strong authentication adoption makes sense given that while data breaches, phishing threats and regulatory pressures have risen, the financial and user experience costs associated with implementing strong authentication have decreased.” – Al Pascual, SVP and Research Director, Javelin Strategy & Research Finally, some good news about the current state of digital security:…
While it’s undoubtedly seen as a regulatory obstacle by many organizations, the European Union’s PSD2 is helping to pave the way for open banking, requiring financial institutions to allow Third-party Payments Providers, or TPPs, to interface with them via APIs. This represents an opportunity to foster greater fluidity and convenience in banking for consumers, but…
“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…
When you talk about the mobile biometrics revolution, you talk about FinTech, and any conversation about FinTech is going to prominently feature Daon. The biometric software company deployed its IdentityX authentication solution to great effect in the early days of biometric mobile banking, its trailblazing partnership with USAA clearing the way for mass adoption of…
BehavioSec is highlighting its technology’s compliance with Payment Services Directive 2 (PSD2), the European Union’s major regulation for payment services and transactions. In a new post on its website, BehavioSec points out the PSD2 now requires ‘Strong Customer Authentication‘ (SCA), which it defines as the use of two of three authentication factors – something the…
Earlier this month, the company behind Timehop, a social media ‘time capsule’ app that shows users their older posts, revealed that it had suffered a data breach affecting 21 million users. And while the attack was not particularly exceptional as far as data breaches go, it nevertheless offers some food for thought, as FIDO Alliance…
Mastercard is anticipating a big jump in biometrically authenticated payments thanks to new regulations in the European Union. The PSD2 regulation has already officially been implemented in the EU, but its requirements for Strong Customer Authentication won’t come into play until this September. When they do, online payments and account access will require two of…
In the wake of the EU’s GDPR privacy law, the FIDO Alliance is celebrating the growth of its FIDO Europe Working Group. Launched last November with an initial membership of 12, including major companies like Daon, Gemalto, ING, and Verizon, the Working Group now has 22 member organizations. The growth is perhaps no surprise, however,…
