What is mobile authentication?
Mobile authentication is process of verifying a user via their phone or verifying the device itself, allowing users to log into secure locations and resources from anywhere with enhanced security.
The authentication process involves multi-factor authentication, which can include:
Dynamic or one-time passwords
Biometric authentication (face recognition, Touch ID)
QR code validation
Mobile authentication for Banking
Mobile banking--telephone banking, interactive voice response (IVR), SMS, applications and SIM application toolkit banking--is an essential service for banking. Customers can make transactions or access their accounts from anywhere, enhancing convenience and satisfaction. However, like any emerging electronic channel, mobile banking is vulnerable to fraud or security breeches. To reinforce security in mobile banking applications, mobile authentication is essential. Mobile authentication is a simple, low-impact enhancement that strengthens security and protects both the end-user and the institution.
VASCO's DIGIPASS API brings one-time passwords and transaction data signature functionality to end-users through their mobile devices, without additional need for hardware. Learn more about DIGIPASS for Mobile in the Resource Section (right).