The Friday Five — April 29, 2015

Some themes for this week: Will biometrics eventually replace the password? And how do you balance security with a positive user experience?

The conundrum: The user shouldn’t have to go out of their way to get accustomed to complicated new security procedures, but basic knowledge is essential for secure authentication. Surely someone has a solution for this … The Future of Authentication

The influx of new devices integrated with biometric sensors in the connectivity world and the emergence of new applications in the banking sector translates to an increase in overall market value. However, it also means that security concerns continue to increase. ABI Research predicts biometrics market to shift focus on banking, consumer electronics

Biometric technology could … mak(e) life easier for the average user and increase(e) security to offer banks peace of mind. This New Form of Biometric Authentication Might Actually Kill the Written Password

New mobile capture technology is proving extremely useful when it comes to preventing minors from purchasing and accessing age-restricted goods and services. Mobile’s role in ID verification for age-restricted merchants

On one side: having adequate controls in place to prevent transactions that violate U.S. sanctions. On the other side: customers whose innocuous payments are held up or blocked by automated screening that appears discriminatory. Venmo addresses blocked payments

The mSIGNIA Team Is Growing!

Nashville, TN (April 12, 2016) – mSIGNIA announced today recent additions to its team as the user authentication company positions itself for growth.

Thayer Phipps has joined mSIGNIA as vice president of sales. Phipps brings nearly 20 years of sales experience, most recently with Glassbeam, a machine data analytics company. He also has extensive sales experience in fraud solutions for the banking and payments industries. Based in Boston, Phipps is responsible for helping mSIGNIA grow by focusing on the payments, banking and e-commerce industries.

Konstantin Yurchenko Jr. is mSIGNIA’s senior iOS engineer. He has several years of experience building apps for iOS, most recently as a developer and consultant on projects including Pick Six, a sports pool and predictions game app, and Switcharoo, a college parking app. Yurchenko, who holds a Master of Science degree in engineering from the Rochester Institute of Technology, will manage projects and provide leadership to a growing team of developers.

LeAnn Stephenson has been hired as director of marketing. She has more than 20 years of strategic marketing experience in financial services, payments and B2B with companies such as Bank of America and Comdata. Stephenson will drive mSIGNIA’s messaging as well as content strategy and development.

Joel Langlois was most recently hired as a QA lead, performing quality assurance and testing of software development kits (SDK) for iOS, Android and browser. Langlois, a graduate of Belmont University, was most recently a data transformation specialist with Change Healthcare.

“Our team is growing to reflect mSIGNIA’s current and future opportunities,” said Paul Miller, CEO. “Our patented and privacy-compliant, mobile-first solution addresses two concerns – user authentication and customer experience – that are top-of-mind for our target audiences. We are now focused on refining and proving the technology while getting the word out that we offer the best platform to prevent fraud while reducing password dependence.”

We’re in the Zone! The FIDO Alliance Security Tech Zone at TRANSACT 16, that is.

Nashville, TN – April 5, 2016 – mSIGNIA will demonstrate its patented authentication solution in the Fast IDentity Online (FIDO) Alliance Security Tech Zone at TRANSACT 16, a leading payments technology event April 19-21 in Las Vegas. FIDO is spearheading the movement towards reducing reliance on passwords to enhance the user experience and improve security.

“We’rTRANSACT16e looking forward to participating in this event and demonstrating how users can safely and easily transact on any device, without having to remember a password or going through a complicated login procedure,” says Paul Miller, CEO of mSIGNIA. “With iDNA, our patented digital biometric authentication solution, data that a user stores on their smartphone is analyzed over time, not just when it is entered, so that the user is recognized across any of their devices, including new ones.”

The FIDO Alliance is an industry consortium transforming online authentication with standards-based specifications. Its members are committed to sharing technology and to collaborate on delivering open specifications for universal authentication methods that are interoperable, more secure and private, and easier to use. mSIGNIA joined the FIDO Alliance in December 2015.