HID Global Fuels Adoption of Layered Authentication Solutions to Protect Online and Mobile Banking Transactions
Source: HID Global
Date: 2013/08/07
Highlights
? Moving beyond simple passwords to true, multi-factor authentication is considered increasingly important for online fraud prevention, data security and privacy protection
? HID Global deepens and extends channel partnerships to help accelerate deployment of multi-layered user authentication and identity management solutions
? Company reinforces reputation for best-in-class customer engagement in banking segment
IRVINE, Calif., August 7, 2013 – HID Global?, a worldwide leader in secure identity solutions, continues its drive to help financial institutions secure online banking services that nearly half of all their customers prefer for convenient account access. Through its forward-looking Identity Assurance portfolio and channel partnership initiatives, the company is fueling adoption of layered authentication as part of a cost-effective security strategy for protecting online and mobile transactions from anywhere, and from any device, more frequently than ever before.
“Because the explosive growth in online banking has attracted more sophisticated fraud attacks and increased regulatory oversight, it has become increasingly critical to move end users beyond simple, static passwords to strong, adaptive authentication that ensures accounts can only be accessed by authorized individuals, without intruding on the online convenience,” said Christy Serrato, solutions marketing, Identity Assurance, with HID Global. “We are seeing and serving accelerating demand for seamless, risk-based solutions that enable banks to tailor authentication choices for a wide variety of customers using their on-line and mobile services.”
One of HID Global’s key focus areas is to make it easy for financial institutions to understand and interact with its ActivID? authentication solution. In its retail banking and cards practice technology analysis, CEB TowerGroup awarded HID Global the best-in-class Customer Engagement rating, highlighting that its authentication factors, the broadest in the market, offer experience consistency across service channels and its customer self-service capability delivers intuitive management of credentials. “By combining Customer Engagement functionality with malware detection capabilities, HID provides authentication that is both foundationally sound and forward-looking” said Jason Malo, Research Director, Retail Banking and Cards at CEB Towergroup. “The solution’s ability to support external authentication credentials provides flexibility for firms that have different implementations or multiple legacy systems.”
HID Global has also broadened and strengthened its banking partnership initiatives with its Identity Assurance Technology Partner Program, which fosters deeper collaborative solution development engagements. Partners such as Temenos participate in the program to leverage layered authentication capabilities based on HID Global’s ActivID? Appliance and ActivID? Threat Detection Service for its highly flexible internet and mobile banking solutions. This and other partnerships play a key role in meeting customer requirements and the increasing demand for secure next generation online financial services, with CEB TowerGroup expecting online transactions to grow by a multiple of 1.5 between 2009 and 2013 and mobile transactions to grow 10-fold during the same period.
HID Global’s ActivID authentication offering promotes five critical layers for true, multi-factor authentication to enable trusted online transactions: strong user authentication; advanced device authentication; browser malware protection; transaction-level authentication/pattern-based intelligence; and application hardening. This multi-layered approach enables institutions to conveniently layer online fraud protection with secure access to online services and cloud-based applications. HID Global’s unified approach is delivered via an integrated authentication platform so organizations can easily manage credentials across a broad range of users and device types, while delivering consistent yet convenient protection to combat the latest fraud concerns that financial institutions are facing worldwide.
Click here for more information on the CEB TowerGroup report.
Stay Connected with HID Global
Visit our Media Center, read our Industry Blog, subscribe to our RSS Feed and follow us on Facebook, LinkedIn and Twitter.
About HID Global
HID Global is the trusted source for innovative products, services, solutions, and know-how related to the creation, use, and management of secure identities for millions of customers around the world. The company’s served markets include physical and logical access control, including strong authentication and credential management; card printing and personalization; visitor management systems; highly secure government and citizen ID; and identification RFID technologies used in animal ID and industry and logistics applications. Primary brands are ActivID?, EasyLobby?, FARGO? and HID?. Headquartered in Irvine, California, HID Global has over 2,000 employees worldwide and operates international offices that support more than 100 countries. HID Global? is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
###
? HID, HID logos and ActivID are trademarks or registered trademarks of HID Global in the U.S. and/or other countries. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.
Media Contact:
Fiona Yau
PR Specialist
852-31609831
fyau@hidglobal.com
More News
- HID Global Enhances Safety and Facilities Management at National University of Singapore Suzhou Research Institute
- HID Global pivCLASS MultiPACS Software Simplifies Federal Identity Provisioning Across Large Operations with Multiple Access Control Systems
- HID Global pivCLASS MultiPACS Software Simplifies Federal Identity Provisioning Across Large Operations with Multiple Access Control Systems
- HID Global Acquires Biometric Leader Lumidigm, Enhances Authentication Portfolio
- HID Global Increases Campus Safety and Security at Academy of Art University in San Francisco
- HID Global Improves Classroom Attendance at Dayton Public Schools While Increasing Campus Security and Safety
- HID Global Announces Top 2014 Secure Identity Trends
- HID Global Announces Top 2014 Secure Identity Trends
- HID Global Acquires IdenTrust to Expand Its Leadership Position in Secure Identity Solutions
- HID Global Optimizes Channel Model to Extend the Performance and Value of Genuine HID Products and Solutions for Customers Worldwide
- HID Global Opens New World Headquarters and North American Operations Center in Austin, Texas
- HID Global Enhances Proven FARGO Direct-to-Card Printer Line with Built-in Encoding, Faster Speeds and Optional Wi-Fi
- HID Global and Tyco Security Products’Software House Join Forces to Deliver the Industry’s First FICAM-Compliant Solution for End-to-End Physical Access Control
- Ireland Rolls out Newly Designed Secure Electronic Passport
- HID Global Joins Secure Identity Alliance to Accelerate Adoption of Secure Government ID Solutions
- HID Global Awarded Several New Gesture-based Access Control Patents That Increase Privacy, Security and Convenience When Using Smart Cards and Smartphones
- HID Global Selected as Prime Contractor for U.S. Citizenship and Immigration Services (USCIS) Permanent Resident Card – U.S. “Green Card” Program
- HID Global’s Networked Access Control Solution Helps Build Streamlined System for Access to Shared and Temporary Offices
- Oberthur Technologies Partners with HID Global to Carry Seos Digital Keys on NFC SIM Cards for Mobile Access
- Assa Abloy/HID partners with Oberthur to enhance NFC-enabled SIM card security
- HID Global Awarded Intergraf’s Prestigious “Security Printer” Certification
- HID Global Appoints Rob Haslam as Vice President of Government ID Solutions to Drive Future Growth in Citizen and National ID Programs
- HID Global Drives Initiative for Partners to Develop NFC Trusted Tag Applications
- HID Global Drives Initiative for Partners to Develop NFC Trusted Tag Applications at RFID Journal Live! 2013
- HID Global Unveils Its New Instant Financial Issuance Printer for Seamless Migration to EMV Payment Cards
- HID Global Showcases Its Industry Leading Portfolio of Secure Identity Innovations at Cards & Payment Asia 2013
- HID Global’s iCLASS Seos Credential Wins SESAMES Award at CARTES Asia 2013
- HID Global Introduces Best-in-Class Features to the Industry’s Leading Retransfer ID Card Printer
- HID Global to Showcase Its Secure Identity Innovations at CARTES Asia 2013
- HID Global Introduces The SlimFlex Laundry Tag to Its Industry-Leading Portfolio of RFID Tags
- HID Global Unveils Turnkey ActivID Appliance Solution for Strong and Versatile Authentication
- HID Global’s Chief Technology Officer Shares Projections for Top Secure Identity Trends of 2013
- HID Global and BehavioSec Join Forces to Add New Layer of Protection to Fraud Detection System
- Contactless card reader speeds up medical access
- HID Global Enhances the Overall Security for the Largest Transformer Manufacturer in China
- HID Global gets a new reseller for visitor management software
- HID Global Acquires Codebench to Provide Complete Access Control Solutions for HSPD-12/FIPS-201 Compliance
- HID Global Wins Two Major Industry Awards in China
- HID Global and Dell Combine Technologies to Deliver Solutions in the Healthcare Industry
- HID Global Brings Genuine HID Technology? Benefits to ASSA ABLOY’s Aperio? Wireless Lock Family
- HID Global’s RFID Technology Enables Waste and Recycling Industry to Increase Waste Collection Efficiency
- HID Global’s iCLASS SE Platform Enables Developers To Build Innovative Solutions For Applications Using Smart Cards and NFC Smartphones
- HID adds NFC-enabled reader module to iCLASS SE platform
- HID Global Launches Integrated Laser Engraving and Color Printing in an Industrial Card Personalization System for High Security Government-to-Citizen ID Programs
- HID Global Unveils Trusted Cloud Service for Creating and Tracking NFC Tags Used to Manage the Internet of Things
- HID Global Adds Best in Class Visitor Management to Genetec’s Access Control System and Unified Security Platform
- HID Global Completes One of the Largest Access Control Deployments in China at Anhui Wantong Expressway Building
- HID to establish new operation center in Texas
- HID Global’s Industry and Logistics Solution Combined with NFC Revolutionizes The Wine Production Industry
- HID Global Launches ActivClient Mobile Software Development Kit for iOS To Help Secure Sensitive Data on iPhones and iPads
- HID Global’s New iCLASS Seos Wins ASIS 2012 Accolades Security’s Best Award
- HID Global Expands iCLASS? SE Platform with iCLASS Seos? Cards and Open Supervised Device Protocol (OSDP) Support
- HID Global Launches Secure Identity Services, Industry’s First Comprehensive Offering For Credential Provisioning and Management, From Card Badges to NFC-Enabled Smartphones
- HID Global Partners with RedCloud in Reseller Agreement for EasyLobby Secure Visitor Management Software
- HID Global Announces New OMNIKEY? Contactless Dual Frequency Reader For Integration Into Printers and Single Sign On (SSO) Solutions
- HID Global Expands its Portfolio of Converged Logical and Physical Access Solutions with Latest Addition to Its Line of Crescendo Smart Cards
- HID Global Outlines Key Trends Shaping Future of Government and National ID Card Industry
- HID Global’s Networked Access Control Solution Safeguards University Hospital in China
- HID Global Achieves ATEX Certification That Enables Process Automation and Identification for Metal or Non-Metal Assets in Explosive Environments
- HID Global Unveils Breakthrough Innovations for Creating, Using and Managing Secure Identity at Security 2012
- HID Global’s FARGO? HDP5000 Printer/Encoder Selected by U.S. Department of Defense (DoD) for Common Access Card Program
- HID Global Ships Over 150 Million eID Solutions, Demonstrating Worldwide Adoption of Its Secure Contactless Technology
- HID Global Debuts One of The Smallest RFID Glass Tags That Delivers Industry Leading Performance
- HID Global Debuts One of The Smallest RFID Glass Tags That Delivers Industry Leading Performance
- HID Global Introduces The Industry’s Most Customizable Platform That Brings Intelligence to the Door for Advanced Access Control Systems
- HID Global FARGO? Printers/Encoders Chosen by AwardWallet for Consumer Loyalty Program Management Service
- HID Global’s Access Control Solutions Increase Security at Major Power Plant in China
- HID Global Acquires EasyLobby For Secure Visitor Management Solutions
- HID Global Appoints Simon Siew as Managing Director for Asia Pacific Region
- HID Global Launches Next Generation Access Control Readers and Contactless Smart Cards
- HID Global Showcases Advanced Printing and Encoding Solutions at Cards Asia 2011
- HID Global and ActivIdentity Showcase Innovative Authentication and Credential Management Solutions at CARTES Asia 2011
- HID Global Delivers First Gift Card Issuance Project to Major Retailers in Korea
- HID Global Facilitates Secure Network Access For More Than 85,000 U.S. Government Employees
- HID Global Extends Partnership with CALMS Technologies to Deliver Converged Solutions in Asia Pacific
- HID Global Simplifies China Unicom’s SIM Card Issuance Process
- HID Global Delivers Innovative Embedded Solutions and Services for e-Government, Cashless Payment and Ticketing at CARTES & IDentification 2010
- HID Global Launches Unique Portfolio of Services for Device Manufacturers and Developers
- HID Global and Sony to Form Alliance to Create Contactless Smart Card Readers for the Global PC Market
- HID Global Establishes Initiative for Third-Party Product Developers to License Its Trusted Identity Platform (TIP)
- HID Global Announces Agreement to Acquire ActivIdentity
- HID Global Speeds Cashless Payment and Ticketing System Development with New veriCLASS Embedded Reader Platform
- HID Global Extends Options for Migrating to High-Frequency (HF) Access-Control Readers and Credentials
- HID Global Adds MIFARE DESFire EV1 Card, Broadening Access Control Options Across Wider Range of Applications
- HID Global and UPM Raflatac Announce Worldwide Technology License Agreement for RFID Sealing Label Technology
- HID Global Extends its Leadership in Access Control to Enable Secure Print Authentication Solutions
- HID Global Drives Innovation in Physical Access, Logical Access and Secure Issuance Solutions for Key Vertical Markets at Security 2010
- HID Global Extends its RFID Tag Portfolio with New Solutions for Industrial and Logistics Applications
- HID Global Introduces Industry Leading identiCLASS e-ID Embedded Reader Platform
- HID Global Surpasses 100 Million Milestone for e-Government Inlays and Prelaminates Shipments Worldwide
- HID Global Drives Innovation in Logical Access Solutions for Key Vertical Markets at Identity Access Management 2010
- HID Global and Inside Contactless Turn NFC Mobile Phones into Secure ID and Access Devices
- HID Global’s OMNIKEY(R) 6221 USB Reader Combines Flash Memory with Contactless Smart Card Technology to Improve Mobile Data Security