October 25, 2014 -
Encap Security announced it has integrated Apple’s Touch ID fingerprint recognition technology into its Smarter Authentication platform, enabling any financial services application using Encap’s technology to use Apple’s fingerprint sensor for login and transaction authentication.
In addition to being a security feature on Apple iPhones 5s, 6 and 6 Plus, Apple’s new generation of iPads also come equipped with Touch ID fingerprint-reading sensor.
The multifactor authentication approach may also include PIN entry, device location and user behavior.
Encap Security enables its financial services customers to use Apple’s authentication feature in combination with other authentication methods to deliver a fully secure and flexible environment for mobile payment and banking.
“Apple developed Touch ID for the convenience factor of unlocking your mobile device quickly, but the feature offers convenience and additional security when expertly layered with other factors of authentication,” said Thomas Bostrøm Jørgensen, CEO of Encap Security. “Adding Touch ID is another step towards truly proportional security, where the authentication method is appropriate to the transaction taking place.
“Simply put – a customer checking their account balance shouldn’t require the same security as the same or different customer making a large fund transfer to a new payee.
This is how Encap helps financial services providers create a great user experience that doesn’t compromise security.”