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Visa, BioConnect Working to Eliminate Password on Mobile

November 11, 2016

Visa is working with BioConnect to fully replace PIN and password security on its mobile apps with multimodal biometrics, the company has announced.

Visa, BioConnect Working to Eliminate Password on MobileThe aim is to enable a system that can leverage a number of different modalities, including fingerprint, iris, face, and voice recognition, in various combinations. If one of those modalities isn’t working – for example, if a user’s hands are wet and their fingerprints can’t be scanned – the authentication system will simply default to another biometric that is available. In its statement announcing the effort, Visa explained that while biometric authentication is still popular, the option of using a password remains “a weak link” in the security chain; Visa’s goal is to ultimately eliminate this option.

The announcement comes in the wake of a joint discussion that Visa and BioConnect hosted on post-password security at last month’s Money20/20 expo in Las Vegas. With BioConnect’s platform supporting a range of modalities, Visa has evidently found a strong partner in its project.

To be clear, Visa does acknowledge that “it will take time until we can fully eliminate PINs and passwords”. But with BioConnect’s help the company is evidently working toward an end goal of realizing such a vision.

–

November 11, 2016 – by Alex Perala

Related News

  • Visa Moves Toward a Future of Ambient AuthenticationVisa Moves Toward a Future of Ambient Authentication
  • Biometrics and Identity at Money20/20 – Pt. 1Biometrics and Identity at Money20/20 – Pt. 1
  • Money20/20: Google, Visa & Mastercard Bring Android Pay To ‘Hundreds of Thousands Of New Sites’Money20/20: Google, Visa & Mastercard Bring Android Pay To ‘Hundreds of Thousands Of New Sites’
  • BioConnect and Visa to Discuss Post-Password Security at Money20/20BioConnect and Visa to Discuss Post-Password Security at Money20/20
  • Money20/20 Europe: Morpho Showcases ‘Scan & Pay’ ConceptMoney20/20 Europe: Morpho Showcases ‘Scan & Pay’ Concept
  • Money20/20 and FindBiometrics Present: Entering the New Era of Biometric FinTech [ON-DEMAND]Money20/20 and FindBiometrics Present: Entering the New Era of Biometric FinTech [ON-DEMAND]

Filed Under: News Tagged With: BioConnect. multimodal, biometrics, Financial, FinTech, post-password, Visa

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