Online and Digital Identification, Securing Web 2.0, PKI and Digital Certificates

Tokens becoming more popular on mobile devices

Thursday, May 6, 2010

Separate hardware no longer needed for two-factor authentication

In a digital age where more people are succumbing to the smart phone phenomenon and the desktop computer has become a thing of the past, the online world is literally at our fingertips. Technology has revolutionized the way the online market place conducts business and in turn enabled consumers to operate within this marketplace with ease and convenience.

Never again will an individual have to wait to access a computer to manage their bank account, access an office file or make a purchase on EBay. These functions are available on a variety of smart phones sweeping the nation including the popular iPhones and Blackberries. However consumers and enterprises have found that this convenience comes with a price. Security breach and identity theft pose even more of a threat now with increased accessibility to online networks.

There are 991 words in the rest of this article …

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Netsize has released a new report finding that a majority of survey respondents would use their mobiles to buy big-ticket items.

“Unlocking the Value of Mobile Commerce” includes research on the value amounts that people are ready for and willing to pay through their mobile phone for pricey items that go beyond the usual mix of transport tickets and parking tokens, according to Netsize.

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PerSay, a developer of voice-based identification authentication solutions, has announced the availability of new functionality available for use on Apple devices, such as the iPhone, iPad and iPod Touch. The new technology, called VocalPassword, is designed to replace virtual keyboard use for filling in user names and passwords with voice-based authentication of the user.

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Liza Landsman has resigned as Citigroup’s U.S. head of online and mobile banking after only a year of directing its consumer internet and mobile division, according to finextra.com.

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PhoneFactor Inc. continues to grow its financial services roster announcing additions to its most recent clientele: Heartland Financial USA, OceanFirst Bank, Northway Bank, and CUANY Credit Union. The PhoneFactor solutions have been utilized by financial institutions as a way to protect customers using e-banking from online fraud. Additionally the PhoneFactor technology can authenticate bank employees for remote logins.

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Visa is teaming with Turkey’s Akbank and vendor DeviceFidelity to launch a new microSD-based contactless mobile payment system.

Akbank customers will be able to insert DeviceFidelity’s In2Pay microSD into their handsets’ memory card slots, turning them into contactless payments devices that can be used with Visa payWave terminals.

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Ceelox has announced that it has finished development of a prototype application that would use Ceelox’s fingerprint biometrics to enable biometric authentication in online environments such as corporate intranets, cloud computing networks and commercial applications like online banking and other personal account-based access.

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