Date post: | 12-Nov-2014 |
Category: |
Economy & Finance |
Upload: | john-trader |
View: | 113 times |
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mVerify™
mVerify™ is an innovative mobile banking solution, built
with our uTrinsic™ Identity Management Platform
technology created to understand and identify bank
customers by targeted credentials in different
environments. mVerify™ supports multi-modal mobile
identification of biometric credentials such as fingerprint,
finger vein, palm vein, iris, voice biometrics, and smart
cards.
Secure Authentication for Mobile Banking Customers
www.m2sys.com © 2014
The Rise of Mobile Banking
$670 billion in mobile payment transactions by 2015 [Source – Juniper Research]
22.47% CAGR mobile banking market growth by 2012-2016 [Source - Companiesandmarkets Report]
1 Billion worldwide mobile banking subscribers by 2017
12% of mobile phone owners make payments via their devices [Source - Federal Reserve Report ]
400 million people performed mobile banking in 2013 [Source – Juniper Research]
(Source – Juniper Research)
www.m2sys.com © 2014
The Rise of Mobile Banking
[Source – Pew Research]
[Source – EYGM]
www.m2sys.com © 2014
Threats to Mobile Banking
614% increase in mobile malware in 2013 [Source – Bullguard Statistics]
5.6 million potentially malicious Android files in 2013 [Source – APWG Report]
9% of the $1.744 billion in 2012 financial fraud losses from
online/mobile banking was in the USA [Source – ABA Survey]
72% of UK mobile users believe mobile banking is insecure due to
privacy and fraud concerns [Source – Juniper Research]
[Source – Empathica Research]
www.m2sys.com © 2014
Benefits of Using mVerify™
Allows financial firms to leverage strong customer
authentication
Provides tight OTP and challenge/response
security enabling strong remote authentication
Permits end users to utilize several different
devices and/or login credentials
Supports a broad portfolio of end user devices
and applications simultaneously
Offers more sophisticated and stronger layers of
authentication against cyber crime
Supports multi-modal biometric authentication
www.m2sys.com © 2014
Mobile banking has quietly emerged as a critical and inevitable weapon in the ongoing
effort to retain customers and reduce expenses. mVerify™ allows financial service firms to
use one or a combination of biometric identity credentials to establish a higher level of
authentication environment for any mobile phone or smart device peripheral.
M2-FuseID™ Smart Finger Reader
M2-FuseID™
M2-FuseID™ is a next-generation fingerprint reader delivering optimal security and reliability
with advanced finger imaging and liveness detection that is specially designed for high
security environments such as banking and financial services.
M2-FuseID™ Key Features
Capture fingerprint and finger vein in a single touch Liveness detection technology to prevent spoofing FBI-compliant 500 DPI fingerprint image resolution The only device to perform both 1:N and 1:1 matching High-level encrypted data transfer across USB
www.m2sys.com © 2014
Corporate Headquarters:
1050 Crown Pointe Pkwy. Suite 850
Atlanta, GA 30338 USA
Asia Office:
House-279, Road-19, Mohakhali DOHS,
Dhaka 1216 Bangladesh
E-mail: [email protected] Phone: +1 (770) 393 0986 Website: www.m2sys.com
Get Social: Facebook: https://www.facebook.com/m2sys
Twitter: @M2SYS LinkedIn: http://www.linkedin.com/company/m2sys-technology
Blog: blog.m2sys.com YouTube: http://www.youtube.com/m2sys Google+: https://plus.google.com/M2SYS
Contact Us
www.m2sys.com © 2014