Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Consumers want convenience and security, look to biometrics

Monday, November 22, 2004

A survey of 1,200 adults in the US found that consumers seek convenience when expecting more secure handling of personal information.

Identity management is mission critical, and going above and beyond the tradition bare-minimum of security measures is just about mandatory at this point if you want to keep your business speeding along.

Over 70% of the respondents to the survey looked to biometric technology as the answer to the dilemma of convenience and security existing harmoniously. Universal IDs were also given signs of approval.

Survey results indicate strong support for the use of biometrics. More than 70% of respondents believe that technologies such as voice recognition or fingerprinting systems would be acceptable. The top reason is convenience. More than 88% of respondents believe biometrics will make identification more convenient and accurate. Among those opposed to biometrics (11%), most appear to be concerned about secondary or alternative uses of this data.

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VASCO Data Security International Inc. launched a version of MYDIGIPASS.COM for consumers to authenticate and securely log in to Web sites and Web applications.

The product adds strong user authentication to tens of thousands of online B2B and B2C Web-based applications. Using a soft- or hardware client device, such as DIGIPAS, dormant embedded DIGIPASS, DIGIPASS+ devices and smart card enabled national ID cards, MYDIGIPASS.COM can secure consumer online accounts. With MYDIGIPASS.COM, consumers only have to log in once to access all activated sites.

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To cut back on issues of fraud at the call center level, many financial institutions are thinking about adding voice biometric authentication capabilities to ward off socially engineered attacks.

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Visa Europe has confirmed that its new digital wallet service, V.me, will launch to an initial group of consumers in the UK, Spain and France in fall 2012.

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The U.S. government’s Advanced Analytic Capabilities Subgroup of the Technical Support Working Group (TSWG) has awarded a research and development contract to voice biometrics technology provider Agnitio Corp. to speed up development and deliver an improved capabilities for voice biometrics-based mobile phone security.

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New research from American Express shows that more than half (52%) of U.S. consumers aged 18-24 are likely to try new technology-enabled payment tools – e.g. NFC-enabled mobile payments – compared with 23% of 55-65 year olds.

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Nine out of 10 previous users of contactless mobile payments are likely to use the technology again in the near future, according to eDigitalResearch’s new Mobile Payment Index study.

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