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Showing posts with the label Digital wallets

FIDO2 Certification for LoginID

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  FIDO2 creates a simple way for enterprises as well as developers to give their customers simple, secure, passwordless authentication. The FIDO Alliance achieved FIDO2 certification in 2019 for its Authentication/Privacy Platform. Now, developers can offer their customers a simple way to eliminate traditional logins and passwords with secure biometric authentication across smartphones, tablets, tablets and PCs. FIDO2 is a set of standards that enables easy and secure logins to websites and applications via biometrics, mobile devices and/or FIDO Security Keys. The simpler login experiences of FIDO2 are backed by strong cryptographic security that is far superior to passwords, protecting users from phishing, all forms of password theft as well as replay attacks. Emerging regulatory trends like General Data Protection Rights (GDPR) and California Consumer Privacy Act (CCPA) are forcing organizations to comply with increased privacy protection rights for end-users. FIDO2 helps enterpr...

The Benefits of Using Passwordless Authentication UX in Your Business

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  It is without doubt that employees are an important part of any organization. But sadly, a lot of the security issues arise due to employee negligence and errors. A common mistake that many employees make is using weak passwords. If you feel like using passwords is putting your business data and systems at risk, you could switch to passwordless authentication UX . This is a process that verifies the identity of a user with something other than a password. It strengthens security by eliminating password management practices and the risk of threat vectors. So, why should you use passwordless authentication in your business? Credential theft and password misuse are on the rise. As a result, companies are heading towards passwordless authentication with the aim of addressing the failure of passwords and protecting access to data, systems and networks. For enterprises, the need for passwordless authentication is very important especially in this digital age. It also minimizes the havo...

How Strong Customer Authentication Can Strengthen Your Business

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  When it comes to the technologies that you can use to improve the security of your business, Strong Customer Authentication (SCA) is one of the things you should consider. This technology offers some fundamental business benefits, and with the right mindset, it can strengthen your business through the following. One of the ways that Strong Customer Authentication can strengthen your business is through innovation and customer acquisition. With a simple SCA process, you can take the customer from mere interest in your service or products to settling a payment in only a few minutes. SCA will make using new services a lot easier, such as top-up and pre-paid credit cards, spending analytics, self-service management of geographical limits and merchant or transaction specific credit cards, special offers, and more. All these services require SCA to be set-up and used. However, with a poor and cumbersome SCA, such as SMS+OTP + password, the use of new and innovative services will be mu...

The Benefits of a Digital Wallet

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  With many transactions being conducted online these days, digital wallets are becoming very common.    A digital wallet is a mobile app that stores credit card and bank account information. It can be used to make both online and in-store purchases. Digital wallet eliminate the need to carry a physical wallet full of cash and credit cards to make purchases. They are growing in popularity all over the world because they are easier to use and more secure compared to traditional payment methods. Some are predicting that digital wallets will replace cash and credit cards very soon. A digital wallet may be what you need if you ever get tired of having to dig a credit card out of a wallet or count out cash. This technology is also ideal if you worry about having your information stolen when you swipe a card or not having enough cash on hand. A simple definition of a digital wallet would be an electronic payment system that allows users to securely store credit card and b...

The Benefits of Having a Digital Wallet

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  With digital wallets gaining popularity these days, chances are you are thinking of getting one, or you already have one. Digital wallets have been around for quite a number of years, but the use of these cashless tools are now becoming more widely adopted by retailers. The additional security features that they have offer great peace-of-mind. So how exactly does a digital wallet work and what do you need to get started? Most smartphones that are being sold on the market these days come with a wallet app on them, but there are various other digital wallet apps that you can use based on your preferences. A lot of digital wallets are free to use and enable you to make purchases through your desktop, smart watch or smartphone. Besides ease of use, there are various other reasons to make the switch from plastic to digital wallets. A digital wallet is not just for credit and debit cards as some people tend to think. You can also add tickets, boarding passes, store loyalty cards, and ...