Home Posts tagged "identity authentication"
formats

Over 150 Biometric and 2FA Products Certified to Meet FIDO’s Interoperability Standard

In early April, the Fast Identity Online (FIDO) Alliance announced that they have now certified over 150 two-factor authentication and biometric products for replacing static passwords, an increase of 50 percent just in the last quarter. These products meet the group’s specifications under their published Universal Authentication Framework, with several major mobile handset manufacturers and

(More)…

 
formats

Mitek Systems Acquires IDchecker for $10.6 Million

Mitek, who specializes in mobile onboarding and capturing solutions, announced they would be acquiring identity document verification provider IDchecker for $10.6 million. Mitek owns several patents related to mobile imaging technology used for mobile deposits and other applications for financial institutions but will now incorporate photo verification of identity and other documents following the acquisition

(More)…

 
formats

The Fraud Practice and CardinalCommerce Release Results from the 2nd Annual Consumer Authentication Survey

The Use of Consumer Authentication in eCommerce white paper from The Fraud Practice and CardinalCommerce details the results and key findings from the second annual Consumer Authentication Survey highlighting trends and changes in the use and perception of these programs in just one year’s time. The Consumer Authentication survey and report white paper is now

(More)…

 
formats

Google and Samsung Each Announce Mobile Payment Plans Utilizing Tokenization and Biometric Authentication

Following Apple’s lead Samsung and Google each announced mobile payment services of their own with a similar naming structure. The recently announced Samsung Pay and Android Pay will both make use of fingerprint biometrics to authenticate transactions as well as tokenization, although all three systems have their similarities and differences. Both organizations announced their planned mobile payment developments

(More)…

 
formats

Are the FIDO Alliance Authentication Specifications the Beginning of the End for Passwords?

The FIDO (Fast Identity Online) Alliance released their first documents for stronger authentication at the end of 2014 with version 1.0 of their Universal Authentication Framework (UAF) and Universal 2nd Factor (U2F) specifications. The group of more than 150 member organizations hopes to usher in the post-password era through biometrics, hardware and other forms of

(More)…

 
formats

Visa becomes third major card association to join FIDO Alliance

Visa follows Discover and MasterCard’s lead becoming the third card association to join the Fast Identity Online (FIDO) Alliance’s board of directors. The FIDO Alliance is focused on developing standards and technical specifications to make online authentication more secure. The FIDO Alliance was formed in mid-2012 to address two primary issues with online authentication: the

(More)…

 
formats

Use of Consumer Authentication in eCommerce Annual Survey, 2014

The new survey presented by The Fraud Practice and CardinalCommerce asked nearly 450 organizations worldwide the most pertinent questions about consumer authentication to find out how they perceive and use programs such as Verified by Visa and MasterCard SecureCode. The results are presented in a whitepaper called, “Use of Consumer Authentication in eCommerce” and show

(More)…

 
formats

Mobile Data & Consumer Authentication

More consumers have mobile phones than have credit cards. This is true in the United States as well as globally and in all major markets. The mobile device has become ubiquitous, something most consumers feel they need so much they’d rather leave home without their wallets than their mobile phones. The majority of mobile phones

(More)…

 
formats

Largest Credit Card Fraud Scheme Uncovered by U.S. Justice Department Highlights Importance of Authentication in Preventing Identity Fraud

A fourth defendant plead guilty in early August to his participation in an identity fraud scam where over 7,000 false identities were created being used to obtain credit cards and lines of credit and ultimately causing $200 million dollars in fraud losses. Lack of proper identity authentication checks allowed the fraudsters to reuse addresses and

(More)…

 
© The Fraud Practice LLC 2012