equensWorldline, a subsidiary of payments company Worldline, has enhanced its trusted authentication services with the addition of fingerprint and faceID security options.
These biometric features will fortify customer authentication and will enable banks to become compliance with Regulatory Technical Standards of PSD2, it said.
Its WL Trusted Authentication solution was initially built to help users protect themselves when using mobile-based solutions for banks and other organisations. The updated solution is compliant with the Fast Identity Online (FIDO) protocol.
The new biometric tools will join the existing device enrolment and PIN code authentication services. By introducing finger or facial scanning, users can ease online access without the need of remembering usernames and passwords.
equensWorldline COO Wolf Kunisch said, “With the introduction of biometric features, our authentication solution is future-proof. However, this does not mean that we are finished, on the contrary. In this rapidly evolving industry, innovation is key. Therefore, we are continuously seeking ways to further improve the user experience while simultaneously enhancing the security of payment solutions for our clients and their customers.”
The solution can also link to the Worldline Mobile Security Operation Center which helps protect users from frauds and attacks like sensitive data hacking and phishing.
In the future, the company will look to release a browser-based version of its authentication solution, giving all consumers access to improved online security.
equensWorldline is a pan-European payments and transactional services provider, helping businesses with issuing, acquiring, payments and digital banking software. The company can help businesses to improve their identity and authentication processes as well as their fraud risk management.
The company claims to help clients anticipate European regulatory change, benefit from transformational technology, optimise processes, optimise operations, and better manage risk and fraud.
Earlier in the year, Worldline formed a partnership with iSignthis to boost its digital identity capabilities. Through the deal, European clients of Worldline can access iSignthis’ AML/CFT solution which include customer due diligence, identity verification, and payment authentication.
Copyright © 2018 RegTech Analyst