ANNAPOLIS, Md. - (02/14/06) -- Passfaces Corp., a British-Americanstart-up, has introduced a cognometric online authentication systemthat requires credit union and bank customers to remember a seriesof faces before they can sign on to their accounts. Passfaces asksusers to remember a series of faces in a collection of mugshots--as many as nine series or as few as three. Users pick theirassigned 'secret' face from each set to gain access to a securesystem or Web site. Retention rates are very high because peopletend to recognize a familiar face, even if they forget the namethat goes with it. The Pass faces Financial 3.0 adds a JavaScriptclient interface that extends the use of Pass faces to all webbrowsers without requiring any user download or softwareinstallation. This enables easy deployment to all users viadesktops, laptops, kiosks and smart phones such as the Palm Treo.The cognometric system complies with new federal standards formulti-factor authentication for all online transactions byyear-end.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










