In today’s business environment, more effective Identity security solutions, and the need for increased security with online access and transactions presents retailers, financial institutions, online payment platforms, and other types of organizations with ongoing security challenges.
Fortunately, security improvements are moving forward in a very positive manner. To cite one exciting example, just recently there was an announcement about the introduction of a new app, HID Approve™ by HID Global®, a highly respected worldwide leader in trusted security solutions. This app will help to redefine online transactions and access.
This sophisticated security process works by turning any type of mobile device into a handheld “authenticator” or a validation device that verifies online access along with transaction requests. These transactions, or access requests might include digital banking transactions, payment platform access, and/or corporate VPN access. The other important advance is that HID Approve™ mobile app adds a new level of security for consumers and employees during transactions.
The HID Approve™ mobile app combines push technology and public key-based cryptography to create a new experience for retailers, banking customers, retailers and healthcare providers. Additionally, it will also work between employees and enterprise or organizations. This is designed to help customers develop more control over their personal information and any individuals who might want to obtain their confidential and proprietary information. This includes everything from test results and personal information that might be stored in their patient healthcare portals.
Many patients are very uncomfortable with the patient portals because of security issues. As a result, many patients have declined using this convenience. Hopefully, once the HID Approve™ mobile app receives more publicity, it will help people become more comfortable, confident and help eliminate these fears because of the added security.
Leaving nothing to chance, HID Approve™ also generates a way to track information for financial institutions. This also helps organizations to comply with regulations, such as PSD2, among others. This platform also powers HID’s popular one-time password token portfolio.