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ReadersSpeak

Authenticating who you are, the forged. Along with being used as a payment method,
way to secure transactions biometrics are playing a key role in preventing cybercrime
as a part of any robust enterprise authentication strategy.
e wish to thank Michael W.
DePasquale, chairman and "Centralized biometrics, like identity-bound biometrics
chief executive officer of BIO- (IBB), use the person as the credential for passwordless
W key International, for sending and multifactor authentication (MFA) workflows that
us the following views on the future of all secure transac- offer the convenience employees and customers are
tions. looking for, while maintaining security, especially for
the more far-flung use cases. And it's scalable. By using
"When Amazon Inc. launched Amazon One—its cameras on smart devices to read a user's palm, IBB can
contactless payment system—it literally put payments provide identity verification for millions of customers
in the palm of the customer's hands. By utilizing a palm with no additional hardware, unlike methods that require
scanner to securely verify a person's identity, the service a physical token or phone.
eliminates the need to carry anything to pay. This is
driven by customers' desire to use more convenient ways "As biometrics offer the most secure and convenient
to complete transactions. A recent VISA report shows methods for authentication, the latest innovations from
that 65 percent of their customers are already familiar providers such as Amazon, Visa, and others, such as BIO-
with biometrics and 86 percent are interested in using key International, prove that we're heading in a direction
biometrics as a payment method. where the future of all secure transactions will not be
based on passwords, hardware tokens, or credit cards, but
"Biometrics use physical attributes such as fingerprint, based on something we are."
palm, retina or face scanning to authenticate the user— Authentication options in your toolkit
prove they are who they say they are. Unlike traditional
authentication methods using passwords or one-time How do biometrics factor into authentication options
passwords (OTP), biometrics are less vulnerable to hacking, you offer merchants? Please tell us what the benefits and
social engineering, account takeovers and damaging barriers to implementation are at greensheet@greensheet.
cyberattacks as they cannot be shared, lost, stolen or com.