HID Global®, a worldwide leader in secure identity solutions, has enhanced its ActivID® authentication offering for digital banking with a push notification solution that gives financial institutions a secure channel and easy method for notifying customers about pending transactions on their phones or tablets, and then proceeding with execution after receiving their authorization.

ActivID Trusted Transactions Solution

“Customers are finding it increasingly difficult to differentiate between legitimate websites, emails, and phone calls originating from their own bank versus those created by fraudsters, making it more difficult for them to spot fraudulent transactions,” said Tim Phipps, vice president of product marketing, Identity Assurance with HID Global. “With our ActivID Trusted Transactions solution, banks can offer far more convenient out-of-band transaction notification and authorization on mobile devices, which provides customers real-time alerts prior to a suspicious transaction being applied to their account. This places the control back in the customer’s hands by providing them with simple way to confirm the legitimacy of a pending transaction.”

Financial institutions using mobile banking channels have typically relied on simple passwords or out-of-band transaction verification based on one time passwords (OTP) tokens sent via SMS to customers’ mobile devices. Cybercriminals have attacked the end-user’s web browser or this insecure OTP authentication method with SMS malware to take over accounts and make unauthorized transactions, such as large money transfers. These attacks use a variety of phishing, vishing, SMS malware, man-in-the-middle and man-in-the-browser techniques and have eroded consumer confidence in digital banking.

ActivID Authentication Server

To solve this problem, HID Global’s “phone as a token” out-of-band verification solution uses transaction signing with private key cryptography over a trusted and secure electronic channel. All communication is encrypted with mutual authentication between the user’s mobile device and the financial institution’s online banking application. Transaction non-repudiation is ensured by generating the private key outside the financial institution’s backend system and then protecting it to prevent extraction, cloning or access from another application. When a transaction is initiated, the ActivID Authentication Server uses its Mobile Push capability to send an authorization notification to the user’s registered mobile device with all relevant information and a request to accept or reject it using the server’s ActivID Mobile Signing Software Developer Kit (SDK). Signed responses are returned to the server, which validates and forwards them to the online banking system to grant or deny transactions.

"Trust, total cost of ownership (TCO) and user experience (UX) vary among individual phone-as-a-token methods. Out-of-band (OOB) authentication using push modes offers the best balance of trust and UX, making it the best choice across many use cases," said Ant Allan, analyst with Gartner.

Availability

HID Global’s ActivID Trusted Transactions with Mobile Push capability is available now with the company’s latest ActivID Authentication Server v7.3 release.

Share with LinkedIn Share with Twitter Share with Facebook Share with Facebook
Download PDF version Download PDF version

HID Global news

ISC West 2019 Day Two: Explaining The New And The Tried-And-True

There are many new technologies at ISC West this year. There are also some tried-and-true solutions on display. More mature products have the benefit of being fully vetted and battle-tested, which may make them a more comfortable choice for security customers. I had a couple of discussions on Day 2 of the show about the advantages, and possible drawbacks, of new products. “To a security director, when you say ‘new,’ he translates that into ‘risk,’” says Bill...

Safetrust Offers Touchless Mobile Access And WiFi Option To HID ICLASS SE And MultiCLASS SE Readers With Their SABRE MODULE

Safetrust, a globally renowned virtual credential solutions provider, has announced bringing Touchless Mobile Access and WiFi options to the millions of HID iCLASS SE and multiCLASS SE readers deployed currently with their new SABRE MODULE. Touchless Mobile Access The 30-second plug-in makes the SABRE MODULE the fastest way to enable touchless mobile access at the door, turnstile or elevator, while using existing readers. SABRE MODULE enables hands-free access authentication from a configurab...

HID Global Announces Desktop Card Printer Solution For Secure IDs And Financial Cards

HID Global, a worldwide provider in trusted identity solutions, unveiled its new HID® ELEMENT product line, the industry’s heavy-duty, fully modular desktop-based card personalization portfolio that establishes a new category for mid-range and high-volume market segments. The portfolio’s enhanced card production capabilities, flexible system architecture and cost-effective deployment model empower organizations to create custom secure ID and financial card production solutions f...

HID Global case studies

HID Global Seos® Smart Cards And FARGO® Connect Help Secure Access To University Of Connecticut Student Campus

HID Global, a worldwide in trusted identity solutions, announced that the University of Connecticut (UConn) has selected its Seos® smart cards and HID® FARGO® Connect secure issuance solution to optimize student services and strengthen security across its five-campus network. The HID FARGO Connect cloud-based platform enables UConn to decentralize ID issuance and eliminate student wait times, while Seos technology eliminates the vulnerabilities of its legacy system. Identification p...

HID Global Seos Smart Cards And Credential Technology Ensure Authorized, Secure Access For Werkspace Indonesia

HID Global, a worldwide renowned company in trusted identity solutions, has announced that it has been selected by Jakarta-based service office provider, Werkspace Indonesia, to power its access control system, allowing several hundred users to access their co-working space conveniently and securely. Established in 2017, Werkspace is one of the fastest growing co-working space providers in Jakarta, and currently serves both startups and established businesses that need professional, reliable an...

AMAG Safeguards Valdosta Regional Airport

Valdosta Regional Airport in Valdosta, Georgia offers three daily commercial flights to and from Atlanta Hartsfield-Jackson International Airport, along with general aviation. The airport contains three runways, two of which are used by commercial aircraft. The airport offers ground transportation, free parking, a Subway restaurant, and many other services such as hangar space and flight training to name a few. Previously, Valdosta Regional Airport operated a legacy Matrix access control system...