Natural Security launches new alliance for wireless biometric payments
Natural Security has announced the launch of a new industry alliance dedicated to secure transactions based on wireless and biometrics.
This new alliance includes membership from the retail, banking, payments and IT spaces. In particular, the group will manage and maintain National Security’s “strong authentication specifications.”
“The National Security Standard was developed in response to the authentication method required by the banks, retailers and manufacturesr we were working with,” Cedric Hozanne, CEO of the Alliance said. “We’ve invested a lot of time, effort and care into developing a truly unique authentication method that solves many modern issues relating to privacy, convenience and universality, including conducting the world’s first consumer trial of this technology.”
The group says that membership is open to all entities with an interest in strong authentication.
“The Alliance was formed to provide a collaborative space for all professionals who are interested in biometrics and new payment systems to share and develop ideas for an open standard,” Jean-Pierre Viboud said. “We believe that this information sharing and access to the specifications is one of the main benefits for our members. As chairman, my role is to ensure that the Alliance continues to grow and that we achieve and continue working towards achieveing, our missions. Ultimately, we hope that our standards and specification will be used by everyone developing and using biometric systems for payment, logical access or IT access around the world.”
According to a release from the group, it’s initial goals include gathering members from all areas of the payment ecosystem, to educate the wider community, promote the developing of products using the standard, license manufacturers or products that use the standard, drive the evolution of these specifications and to build an interoperability strategy including test and certification processes for the standard.
The first working-groups will be announced soon and topics will initially include EMV-based face-to-face payments and cash withdrawals, online authentication and mobile wallet for face-to-face payments.
Natural Security has also recently been named a Privacy by Design ambassador, by the Privacy Commissioner of Ontario, Canada.