No doubt about it … passwords are a pain. But as the market becomes saturated with high-tech authentication methods and technologies, some are finding a niche modernizing simple ideas to heighten both security and ease of use. Case in point: GrIDsure and Confident Technologies. The focus for both companies is to secure authentication to services […]

Bank of America knows there are plenty of threats to its consumers. Fraudsters are always searching for new ways to phish information and access and empty bank accounts. The Charlotte, N.C.-based financial institution has been working on ways to protect its customers from these attacks. The first step was taken in 2005 when it deployed […]

A statewide probe into deceptive credit card marketing practices targeting students on New York college campuses could create headaches for the credit business, but it might be good news for campus card companies. That’s what industry leaders are hoping will follow an investigation launched in August by New York Attorney General Andrew Cuomo, says Lowell […]

Originally President Obama was supposed to sign the National Strategy for Trusted Identities in Cyberspace in September or October, an aggressive timeline considering the draft was released for comment in June. While some would say the delay was predictable, a delay till 2011 may point to some larger problems. Reports in early November point to […]

The U.S. Drug Enforcement Administration (DEA) issued a new rule requiring doctors and pharmacists to use two-factor authentication when electronically prescribing controlled substances. The rule could mean big business for the biometrics industry, says Bill Spence, vice president of transaction systems for fingerprint biometric manufacturer Lumidigm. Titled, “Electronic Prescriptions for Controlled Substances,” the rule became […]

MasterCard Canada has declared a six-month extension on the switch to chip-and-PIN-point-of-sale technology, a system that was scheduled to take effect on October 15. MasterCard says they are extending their timeline for this based on Canadian market dynamics and merchant demands. Merchants will now have more time to upgrade their technology. Chip technology brings additional […]

VASCO Data Security has unveiled its Multi-OTP technology. The new devices addresses those customers in need of securing applications beyond the traditional capacity without the introduction of online transaction signing. The Multi-OTP one-button devices can secure more than just one application each carrying a different OTP. Areas in which the VASCO product would be most […]

Advance Card Systems Ltd. introduced two new one-time password generators to the market. The APG8201 PINhandy 1 and APG8202 PINhandy 2 both utilize two-factor mutual authentication and work to create a barrier between possible security threats associated with bank transactions. A 2010 study from Trusteer revealed that out of more than four million people, 73% […]

Codebench Inc.’s OMNICheck software has passed the testing given by the Transportation Security Administration making it valid authentication software for use in the Transportation Worker Identification Credential program. The Codebench product underwent six different terminals of testing including Cross Match Be.U Mobile, DAP CE3240BWE, Datastrip DSV2+Turbo, Datastrip DSV3, MaxID iDL500, MorphoTrak MorphoCheck. Codebench, who provides […]

VASCO Data Security International has signed on a new client to deploy its new smart card reader product, the DIGIPASS 831. The Swiss financial institution PostFinance has plans to begin offering the VASCO product to their e-banking customers in the spring of 2011. With more than 2.7 million customers, PostFinance has implemented VASCO security solutions […]