Visa has unveiled Visa ID Intelligence, a platform that enables issuers and merchants to swiftly adopt new authentication technologies to create more secure ways for consumers to complete digital transactions.
Visa ID Intelligence offers a selection of third-party technologies that can be easily integrated using Visa’s APIs and Software Development Kits, via the Visa Developer Platform. As such, clients can create, test and roll-out new authentication techniques.
The financial services company is providing these new options in response to rapid take-up of connected devices, which are expected to number 20 billion by 2020. Many of these devices – such as watches, personal assistants and connected cars – are not designed to accept conventional passwords, so alternative authentication methods including face, fingerprint and voice recognition are required.
“We built Visa ID Intelligence to help accelerate smarter and easy-to-use authentication solutions for any commerce environment – to better protect against fraud and to move closer to a world without passwords,” said Mark Nelsen, Visa senior vice president of risk and authentication products.
Find out more about the future of passwords with our interview with cryptography and security expert Rémi Géraud.