According to a recent report by
To address these challenges,
Today many consumers use two-factor authentication from a computer, for example, when they are asked for both a password and a verification code sent by short message service (SMS).
"Our two-factor authentication technology based on the Advanced Encryption Standard provides a robust security solution with no learning curve," said
How it works
The user simply holds the contactless smartcard next to the NFC reader of the mobile device and after keying in their PIN, a one-time code would be generated by the card and sent to the server by the mobile device.
The technology, which is available today for any NFC-enabled Android 4.0 device, is based on IBM Worklight, a mobile application platform that is part of the IBM MobileFirst portfolio. Future updates will include additional NFC-enabled devices based on market trends.
About IBM MobileFirst
As the first new technology platform for business to emerge since the World Wide Web, mobile computing represents one of the greatest opportunities for organizations to expand their business. Based on nearly 1,000 customer engagements, more than 10 mobile-related acquisitions in the last four years, a team of thousands of mobile experts and 270 patents in wireless innovations, IBM MobileFirst provides the key elements of an application and data platform with the management, security and analytics capabilities needed for the enterprise.
To learn more, visit the IBM MobileFirst press kit or http://www.ibm.com/mobilefirst . Follow @ibmmobile , #ibmmobile on Twitter, and see IBM MobileFirst on YouTube , Tumblr and Facebook .
*Mobile Banking, Handset & Tablet Market Strategies 2013-2017,
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