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Security Turns On A Friendly Card
David Utter
Staff Writer
2007-05-01
 Insider Reports RSS Feed
Innovative Card Technologies has made deals with VeriSign and Actividentity that should spur its smart card technology into the pockets of consumers.
The age of the single factor authentication for ATM or credit cards has been grinding to a halt for some time. Criminals have been actively hunting for as much information as they can steal from cards owned by consumers, and that practice has probably kept some people from engaging in online commerce.
News from VeriSign and Actividentity should provide some more shovels of dirt on the grave of single factor authentication. Both firms are embracing Innovative Card (InCard) Technologies for its authentication solution, the ICT DisplayCard.
The DisplayCard generates a new additional factor in the form of a unique passcode on demand during a transaction. Combined with the usual single factor security like a PIN, the DisplayCard makes it far more difficult for someone to defraud a credit or ATM cardholder.
VeriSign said in a statement they would support DisplayCard in their VeriSign Identity Protection service. Financial and retail customers using VeriSign's technology would have the extra one-time passcode as an additional authentication factor.
Actividentity announced in April they would be a DisplayCard technology reseller. Actividentity sells the 4TRESS Authentication Server, which now has the DisplayCard technology integrated. This allows 4TRESS to support all kinds of transactions online, by phone, or at an ATM.
On the online side, the use of a one-time passcode should be able to foil keyloggers in instances where obtaining a login and password would be sufficient to defraud someone. If a financial institution can require an additional authentication factor before enabling a transaction, it should cut back on the fraud one might experience while working on a machine that, unknown to the user, has been compromised.
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Tags: VeriSign, Actividentity, InCard Technologies
About the Author:
David Utter is a business and technology writer for SecurityProNews and WebProNews.
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