Digital Insight to offer EyePrint ID for password-free mobile banking
11 February 2015 | 2985 views | 0
Source: Digital Insight
Digital Insight, an NCR company and leader in digital banking solutions, announced it has entered into an agreement with EyeVerify Inc. to offer Digital Insight customers EyePrint ID™ for a password-free mobile banking experience.
By using the camera on mobile devices, EyePrint ID™ technology takes an image and pattern-matches the blood vessels in the whites of the eye, eliminating the need to remember and thumb type a password.
Digital Insight customers can affordably implement EyePrint ID into their current mobile banking applications, giving users instant and secure access to bank data and services. For financial institutions, it requires no additional software or hardware and can eliminate the high costs associated with resets, lockouts and password-related customer care calls.
“What was once the exclusive domain of science fiction is today a practical reality as we continue to innovate in ways that take advantage of remarkable technologies to redefine the banking experience for our customers,” said Lindsay Soergel, vice president of solutions and strategy at Digital Insight. “EyeVerify is the only company to offer this highly secure approach to identity verification and we are thrilled to be the first in the U.S. to provide financial institutions this level of authentication.”
Digital Insight continues to foster innovative solutions for its bank and credit union customers and recently created an innovation lab to help financial institution clients experiment and implement emerging technologies such as biometrics, geo-fencing and location-based services. Dubbed DI Labs, the incubator is focused on developing and bringing to market next generation tools and solutions that enable financial institutions to remain competitive and delight their customers.
“The largest impediment to mass adoption of mobile banking continues to be concerns around security,” according to Al Pascual, director of fraud & security, Javelin Strategy & Research. “Providing conspicuous, robust biometric security to mobile banking will inspire greater trust among consumers.”
EyePrint ID will be in limited availability to Digital Insight customers in Spring 2015.
“We are delighted to be partnering with Digital Insight to provide their bank and credit union customers and end users with a password free mobile experience,” said Chris Barnett, EVP Global Sales & Marketing at EyeVerify. “We love Digital Insight’s strong track record of market leading mobile apps with the best usability and highest app store ratings. So it’s fitting to have an exclusive launch program together so that Digital Insight customers can be the first to be free of passwords on Android and iOS smartphones and tablets.”