Source: Royal Bank of Canada
Consumers want mobile payments to be fast, easy and most important of all, secure. RBC understands this and has long been innovating in the secure payment space and has now increased security and accelerated sign in with its development of an app for the Android M Developer Preview, the next major release of its operating system.
This new app will be part of the RBC Wallet and will deliver a superior and secure mobile experience for clients.
"As we further enhance RBC Wallet and our mobile solutions, the security and protection of our client's personal data is paramount," said Linda Mantia , executive vice-president, Digital, Payments and Cards, RBC. "This new feature heightens security while providing an exceptional client experience with a simpler and quicker process for authentication and payment."
RBC introduced and demonstrated this new feature at the Google I/O, an annual developer conference held in San Francisco from May 28-29, 2015 , featuring inspirational talks, hands-on learning and a chance to hear more about Google's latest developer products.
Included in the Android M Developer Preview are new application programming interfaces (APIs) - a set of protocols for building software applications - for Fingerprint and Confirm Credential that enable the use of device credentials (e.g., device PIN, fingerprint) to identify and authenticate users in Android apps. RBC Wallet is taking advantage of these new features to accelerate payments and sign-in operations by utilizing the device credentials, which are hardware based and more secure, using Keyguard.
This new app within the RBC Wallet will provide clients with the following benefits:
Utilizes the same PIN that locks the phone to access RBC Wallet,
Eliminates having to remember multiple passwords,
Increases security as authentication is now tied to the device hardware,
Speeds up the payment process,
Employs a timeout security mechanism that does not require clients to re-enter their PIN to transact within that pre-set timeframe, and
Provides clients the choice to complement their PIN with their fingerprint to access RBC Wallet and make mobile payments