FB pixel

Computop launches FIDO-compliant biometric authentication service for online merchants

 

Payment processor Computop has launched a new PSD2 compliant biometric authentication service for online merchants and banks to allow strong customer authentication (SCA) based on FIDO standards.

The Biometrics by Computop allows merchants to run their own two-factor authentication checks during the payment process without relying on a bank, as PSD2, Visa, and Mastercard all allow third-party customer authentication. Smartphone users can opt for fingerprint, face, or voice biometrics when they log in to a merchant’s app or online store during the checkout process. Computop Biometrics generates a digital signature to be transmitted to issuers with other 3D Secure 2.0 data to prove the merchant’s application of SCA.

Computop says performing the SCA process in advance of the transaction improves conversion rates by avoiding problems with 2FA during the payment process.

“What we are providing with Computop Biometrics is a host of great advantages for retailers. Biometric authentication can be applied to app or shop logins in order to avoid fraudulent account takeovers. This also helps the customer experience, because biometric authentication is so much better than a typical PIN-TAN process,” says Computop CEO Ralf Gladis. “For merchants there is increased complexity with the number of different authentication methods used by banks, but if they are able to process strong consumer authentication themselves, the customer journey will be standardised and easier to support. In addition, the whole process is GDPR compliant, and consumers can be confident in knowing that biometric data will never leave their own device. Computop’s solution will verify cryptographic keys but will never touch cryptographic data.”

Computop is currently implementing the early authentication process with a number of what the company describes as significant retailers.

The Computop Biometrics cloud service can be applied to access control, login procedures, and payment authentication. An SDK is available for Android, and biometric payment authentication will be available with the introduction of 3D Secure 2.0 on September 14.

The European Banking Authority has agreed to conditionally extend the deadline for PSD2 compliance to give online retailers extra time to adopt biometrics and other SCA factors.

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

UK gov’t introduces new digital identity verification services bill

The UK government has announced a coming identity verification services bill that will support digital ID products and services from…

 

EES launch postponed to November, EU’s biometric border app may still not be ready

A smartphone app designed to streamline queues for the EU’s upcoming border checks will not be available in time for…

 

US government transitions Veteran’s Affairs, IRS to Login.gov or ID.me

The U.S. Department of Veterans Affairs (VA) says it will implement a more streamlined login process for veterans to access…

 

Data breach raises questions about Fractal ID’s decentralized identity architecture

A data breach at decentralized digital identity verification provider Fractal ID has exposed the ID documents and facial images of…

 

Physical IDs no longer mandatory in Azerbaijan, where 65% use digital identity

Physical and digital IDs have reached parity in Azerbaijan, where the government has announced that identity information provided through the…

 

Recfaces argues biometric data privacy rule carries Olympics security risk

RecFaces is calling for facial recognition technology (FRT) to be used as a key security measure to protect critical infrastructure…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events