28 April 2017
Visit EBAday.com

Visa looks to kill passwords with multiple biometric authentication options

14 November 2016  |  9179 views  |  2 fingerprint on laptop

Visa is stepping up its efforts to kill off the password, teaming up with BioConnect to bring multiple biometric authentication options to a single app.

The emergence of mobile phones with fingerprint sensors and high-quality cameras has ushered in a new era of biometrics, enabling millions of people to make payments and access their bank accounts with the press of a button or scan of their iris.

But, Visa SVP of risk and authentication products, Mark Nelsen, notes users still have the option to bypass biometrics with a password or PIN, which results in a weak link the security chain.

"Today, the “password bypass” is a necessary design feature. A fingerprint sensor might not work when your finger is wet; facial recognition may fail in extreme lighting; and voice detection is difficult on a noisy subway platform. In those scenarios, there must be an alternative method for users to access their account," writes Nelson.

To remove the weak password link, Visa is working with vendor BioConnect on an app that uses multiple biometric technologies so that when the default option fails, a user can just switch to another.

The app also works across multiple devices, says Nelson: "Getting a new gadget is fun. But manually reloading your payment information and login credentials so you can use your new gadget? Not fun. Our collaboration introduces an elegant alternative, one that, for example, enables your newly downloaded mobile banking application to identify and authenticate you by using one of your previously enrolled biometrics.

"Because the technology can work across multiple devices, you would simply sign in using the biometric to gain access to your data, without need for a keyboard, password, or setup—all possible in the first few moments of unwrapping your new device."

Comments: (2)

João Bohner
João Bohner - Independent Consultant - Carapicuiba | 15 November, 2016, 11:42

 

 

That's it!

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
A Finextra member
A Finextra member | 22 November, 2016, 21:36

The author makes a case for the unreliability of biometric authentication. Many times my fingerprint doesn't function in the heat or cold, but normally it is quick and useful.  I have re-recorded my fingerprint when this happens, and that helps.  It would not be prudent to only depend on biometrics.

I would like to see more people investigate the SQRL protocol.  It gives companies access to robust cryptographic-based authentication, and the potential use of biometrics to unlock the local key-store. (https://en.wikipedia.org/wiki/SQRL)

Comparing biometrics, crypto, and violence, this is a useful cartoon. https://xkcd.com/538/

 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Visa CEO Scharf quits

Visa CEO Scharf quits

17 October 2016  |  6081 views  |  2 comments | 11 tweets | 8 linkedin
Bank regulators urged to address security of biometric data

Bank regulators urged to address security of biometric data

30 September 2016  |  11266 views  |  2 comments | 26 tweets | 24 linkedin
Brits trust banks more than government on biometrics

Brits trust banks more than government on biometrics

19 September 2016  |  8970 views  |  0 comments | 25 tweets | 18 linkedin
Selfie payments: Marketing stunt or the real deal?

Selfie payments: Marketing stunt or the real deal?

25 May 2016  |  8581 views  |  0 comments | 14 tweets | 27 linkedin
Biometrics backers push case for password-free payments

Biometrics backers push case for password-free payments

30 October 2015  |  10254 views  |  2 comments | 28 tweets | 29 linkedin
From biometrics to one-time passcodes, MasterCard preps Identity Check suite

From biometrics to one-time passcodes, MasterCard preps Identity Check suite

06 October 2015  |  9493 views  |  0 comments | 12 tweets | 18 linkedin
Visa develops spec for chip card biometrics

Visa develops spec for chip card biometrics

15 September 2015  |  8834 views  |  2 comments | 16 tweets | 21 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin ETF Bites the Dust, Needs More Sec...
17087 views 0 | 7 tweets | 7 linkedin
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
12221 views comments | 32 tweets | 20 linkedin
EC plans blockchain 'observatory'EC plans blockchain 'observatory'
8726 views comments | 9 tweets | 16 linkedin
Plastc goes into meltdownPlastc goes into meltdown
7344 views comments | 12 tweets | 7 linkedin
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7113 views comments | 15 tweets | 36 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job