Global transaction processor Syniverse and software developer Pinn have teamed up to offer a new security solution aimed at helping companies to comply with the European Union’s new payment and data regulations.
The solution will integrate Pinn’s behavioral biometrics technology into Syniverse’s global platform, enabling continuous authentication for extra security. In a statement announcing the collaboration, the companies explained that such behavioral biometrics can include things like how users “hold their smartphone, how they move their mouse, even how they drive their car”.
The companies emphasized the solution’s compatibility with the EU’s new General Data Protection Regulation, and the Payment Services Directive 2, which Pinn CEO Will Summerlin said “is creating a whole new business landscape where any company can enter the payments realm.”
Summerlin added that the PSD2 and GDPR regulations introduce digital security requirements “that can only be addressed by continuous attribution.”
The companies haven’t yet announced a launch date for their new behavioral biometrics autentication system, but given that PSD2 comes into effect in January, it’s reasonable to expect the solution to launch this year.
June 19, 2017 – by Alex Perala