Social media giant Facebook has added the Fido Alliance’s Universal Second Factor (U2F) specification to its platform to strengthen its range of two-factor authentication methods which have previously been offered through an SMS service or by a code generation feature inside the Facebook mobile app... More
The Reserve Bank of India has removed two-factor authentication — involving the use of one-time passwords sent to mobile phones — for online card transactions up to Rs 2,000 (US$29), Live Mint reports... More
More than two thirds (68%) of European consumers want to use biometrics as a method of payment authentication, research from Visa reveals, and 73% see two-factor authentication as a secure way to confirm an account holder’s identity. More
More than half of US and UK consumers (52%) prefer to log in to online accounts using “modern authentication methods”, research from Gigya reveals, including 29% who favour two-factor authentication and 20% who prefer biometric authentication. More
Swiss researchers have unveiled a two-factor authentication mechanism dubbed ‘Sound-Proof’ that uses the noise recorded by a user’s phone and the device he or she wants to log into to verify identity... More
The Apple Store app for iOS has been updated with two-step authentication, meaning users will now need to enter both a password and a verification code sent to a trusted device before they can complete a purchase... More
India’s Axis Bank is to enable all of its 50,000 merchant point-of-sale terminals to accept contactless payments by the end of this year in order to “facilitate significant usage of contactless NFC-based cards issued by all banks”... More
Contactless users in India can make payments of up to Rs2,000 (US$31) without using a PIN, following the Reserve Bank of India’s relaxation of its requirement for two-factor authentication... More
Spain’s Bankinter is to commercially launch an NFC mobile payments service that makes use of host card emulation (HCE) during the second or third quarter of 2014... More