MasterCard forecasts death of static passwords with 3DS 2.0

MasterCard says a forthcoming wholesale upgrade of the 3DSecure protocol for authenticating online transactions will pave the way for the introduction of more secure biometric and token-based prompts and the ultimate eradication of static passwords.

MasterCard has been working with Visa on the new authentication standard, ‘3DS 2.0’, which will utilise richer cardholder data and result in far fewer password interruptions at the point of sale. In the event that an authentication challenge is needed, cardholders will be able to identify themselves with the likes of one-time passwords, or fingerprint biometrics, rather than committing static passwords to memory.

Read Full News at – http://www.finextra.com/news/fullstory.aspx?newsitemid=26692

 

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