Biometric Signature ID, Tis Intec develop gesture-based biometric signature ID for VR payments
Biometric Signature ID has partnered with Japanese company Tis Intec Group to integrate BSI’s gesture-based biometric signature ID in VR payment systems for a secure and frictionless experience, the company announced. The solution was demoed during the exclusive annual JCB World Conference in Hawaii and the use case can be reviewed online for further details – Biometric Signature ID In VR Payment Use Case.
TIS integrated BSI’s signature recognition technology because it is a biometric authentication method based on machine learning algorithms trained based on writing speed, order, and behavior, patterns that deliver 99.97 percent fraud protection and 98 percent legitimate user approval, writes Tis Intec. The system is hard to breach, the company claims, because it combines knowledge and biometric technology to make it impossible for criminals to duplicate patterns.
While at the JCB World Conference only a prototype was displayed, positive feedback was received and Tis Intec is now searching for partnerships to expand the technology to actual use. Potential partners include VR developers interested in integrating a payment system with their product, retail companies with interest in VR stores, payment companies interested in delivering new services, or companies that want to add an authentication system based on knowledge and biometrics.
In other company news, BSI recently presented the results of a two-year case study on the use of gesture biometrics for user ID authentication in online courses.
These results were presented at the ICE conference to more than 100,000 association members. Before accessing online courses, members used BioSig-ID to authenticate identity. BioSig-ID technology led to the identification and prosecution of a number of people involved in fraudulent activity, the company says. The tool is based on a “Draw your password -Don’t type it” solution where individuals use their finger or mouse to draw a unique and personal four-character password that will generate a password template matched to all future logins.
“BioSig-ID is creating a new frontier in credentialing of individuals within the online space, via our patented secure ID authentication using gesture biometrics,” Jeff Maynard, CEO/President of Biometric Signature ID. “Our ability to continuously verify at any time throughout a test or course makes BioSig-ID a real game-changer.”
BSI launched BioTect-ID in June 2019, its latest identity verification solution which leverages its flagship product BioSig-ID and authenticates users by capturing their unique gestures as they draw a 4-character password with their finger, mouse, or stylus.