ConfidentID validates both individuals and their transactions and assists organizations to meet stringent requirements, including those prescribed by the Federal Financial Institutions Examination Council (FFIEC).
The solution is based on Daon’s IdentityX platform, which offers trustworthy, in and out-of-band identity authentication for online, mobile and other channel transactions, claims CSC.
The newly introduced tool also assists banks and financial institutions to customize the level of security needed for different types of transactions, said the firm.
According to the firm, the solution has server application and an application on the banking customer’s mobile device.
ConfidentID Mobile directly informs the service provider of successful authentication on the back end without further action from the customer.
CSC banking and credit services division president John Dickson said that fundamental to CSC’s mobile cybersecurity strategy is a commitment to reduce fraud and risk through a suite of identity-oriented offerings, which deliver a user authentication process that protects the consumer Beyond a Shadow of a DoubtSM.
"Using biometric and other data gathered from ConfidentID Mobile to verify the user’s identity when authorizing a financial transaction is critical, especially for those transactions involving the movement of large amounts of funds," Dickson said.
The solution provides extra layer of protection, as its works on combining passwords, personal identification numbers (PINs) and public key infrastructure (PKI) security architecture, as well as optional biometrics such as face recognition, voice recognition and palm identity.
The firm said that location intelligence is also used for verification through global positioning system (GPS), IP location and cellular triangulation.
Expressing his views about the new partnership with CSC, Daon chief executive officer Tom Grissen said that ConfidentID Mobile facilitates the ability to securely, efficiently and easily prove your identity to an application and to be assured who you’re interacting with online.
