"I'm a big fan – and former employee – of Big Blue. So it's always good to see the innovations that continue to emerge out of the IBM Labs. In their latest offering, reported by Finextra last week (http://www.finextra.com/News/FullStory.aspx?newsitemid=25338), IBM has employed NFC technology to deliver a simple customer identification and verification process for mobile banking.
They have done this by using contactless cards and Android 4.0 phones. In effect, mobile phones begin to operate a little like ATMs. The user enters their PIN into the phone and then presents their card to identify themselves. They then present their card again to authenticate. It is a nice way to try and make logging into mobile banking and authenticating transactions easier – and more intuitive." Continue Reading
Wednesday, 6 November 2013
Does IBM's 2-Factor have the X Factor for Mobile Banking?
Posted on 15:10 by Unknown
Posted in Android, Brandon McGee, IBM, Mobile banking, mobile payments, NFC, two factor
|
No comments
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment