Authentication

Readers this week highlighted the need for banks to upgrade payments systems, debated a small bank’s decision to ditch its legacy core vendor, lamented populist initiatives of the GSEs, and more.

EMV chips can take a company only so far, leading Oberthur to consider Morpho's expertise in biometrics and embedded security methods.

Enabling peers to compare notes will help ID management specialists at regional, midtier banks who face the same requirements as large banks but command smaller operating budgets, IDPro’s founder says.

The most innovative projects shared at Digital Banking 2017 involve embedding banking in popular devices and apps like Facebook Messenger and Amazon Echo.

With such massive amounts of data bolstered by ubiquitous modes of distribution, the most meaningful fintech investment opportunities center around enabling a new truth equilibrium.

3DS 2.0 is designed to vastly improve cardholder authentication, and in so doing, improve the digital checkout and payment process.

One-time passcodes or more complex passwords are not enough, and add friction and potential frustration for the user. The solution is mobile identity authentication, writes Randy Vanderhoof, executive director of the Secure Technology Alliance.

Some banks seek to dominate the digital-identity business, but they stand to benefit even if their efforts fall short.

False IDs are complex and difficult to spot. A combination of biometrics and other advanced security tecnology is needed.

In the near future, branch authentication will likely rely more on things like iris scans and palm readers than physical ID cards.

The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs.

USAA has granted development rights to some of its patented security technologies to Persistent Systems to create authentication and security-related products.

The human voice changes more quickly than you’d think, and this has to be taken into account by voice-recognition systems.

The mobile device and its embedded technology can make a strong combination to protect user ID, and comply with new European regulations for security.

Marketplace lenders have set themselves apart from banks by moving faster, but lending fraud might force them to revamp their authentication processes.

Marketplace lenders have set themselves apart from banks by moving faster, but lending fraud might force them to revamp their authentication processes.

The password management company was an early supporter of the alliance's standards, and is now joining the organization as it seeks to reduce use of static authentication.

The delay has analysts worried that Customers Bancorp will also postpone the sale of BankMobile, which was slated to take place during the first quarter.

The U.S. government and banks face similar challenges in implementing a biometrics identity system. Both should study what other countries are already doing.

The president's executive order reflects a lack of trust in the identity information shared between countries. In theory, blockchains are tailor-made to solve this problem, but current systems may not be up to the task.