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GPayments Adds Two Factor Authentication

Tuesday 5 April 2005 13:41 CET | News

Australian GPayments has released a new version of their authentication platform for banks, which supports two factor authentication for Internet banking in addition to 3-D Secure for eCommerce transactions.

GPayments’ authentication platform, ActiveAccess, is an Access Control Server (ACS) compliant with Verified by Visa, MasterCard SecureCode and JCB J/Secure authentication protocols. These authentication protocols are designed to reduce the risk of unauthorized use of a cardholder account by authenticating the cardholder attempting to make a purchase online. Due to the significant increase in phishing attacks globally and the threat to online security, particularly through Internet banking, GPayments has enhanced its authentication platform to support two factor authentication. Two factor authentication is an additional security process that confirms user identities using two distinctive factors – something they know (eg password) and something they have (eg one time number generating device or smart card). The ActiveAccess authentication platform now provides a single platform for authentication of online users, two factor authentication for Internet banking as well as 3-D Secure authentication for eCommerce transactions. Features of the new two factor authentication module include: Single Platform for Authentication This now solves the problem experienced by a lot of banks about justifying the ROI associated with the implementation of 3-D Secure. ActiveAccess provides banks with a single platform for online authentication thereby reducing the cost of ownership of one solution for Internet banking and one solution for 3-D Secure. By investing in this solution, banks have the option of implementing a two factor authentication solution for Internet banking now, and waiting to implement 3-D Secure in the future or implementing both at the same time. It also means that different banking divisions can share the cost of the solution rather than purchasing two separate solutions. Device Independent Platform ActiveAccess provides an abstract platform for two factor authentication. By providing a high level and abstract authentication process, it simplifies integration with a bank’s online environment. It also hides the device specific intricacies of the authentication process. From the bank’s point of view, the user experience is exactly the same regardless of the authentication device being used. This allows banks the flexibility of rolling out different types of authentication device across different user groups. Alternatively, users have the ability to choose the type of authentication device they would like to use. Device Agnostic The ActiveAccess two factor authentication module is device agnostic, supporting a wide range of authentication devices. This allows a bank to select their preferred authentication device by weighing up the balance between user preferences and convenience, security and cost. It also allows a bank to change their preferred authentication device in the future without impacting their existing implementation or losing the value of their initial investment. Easy Integration To integrate two factor authentication into a banks existing online environment, GPayments provides a simple to install User Authentication Client software (UAC). This software manages the messaging between the Internet banking website and ActiveAccess and verifies digitally signed messages. The integration process is very simple and requires relatively low technical knowledge to complete, further reducing the overall cost of implementation of the solution. Extensive Reporting and Customer Management Through the web-based administration application, ActiveAccess provides an extensive set of reports, functions and statistics about customer online authentication activity. Reports are generated over time providing banks with feedback on customer trends and allowing the identification of additional opportunities and service


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce