While not 100% clear, it appears TSYS is implementing an authentication solution that will utilize InAuth’s device identity solution to represent “something you have” and perhaps traditional biometrics to represent “something you are” to deliver 2 factor authentication.
TSYS indicates that behavioral biometrics will be added in the future. This should be added as quickly as possible to help issuers implement a seamless EMV 3D Secure customer experience. This article covers the topic further:
“TSYS Authentication Platform delivers customer identity verification in real-time. The system integrates customer experience data taken from direct cardholder touchpoints. The platform benefits from next-gen technology such as biometrics and machine learning algorithms to verify identity, ensure seamless customer experience and deliver informed feedback about remote customer interaction or transactions, the company explains.
TSYS further states that “It’s effective at combatting synthetic identity fraud because it does not rely on reported data, which inherently creates inefficient lag time in the verification process.”
For now, the platform is only available in Europe, but the North America launch is planned for 2020. TSYS boasts a partnership with over 130 card issuers worldwide.”
To develop the product, the company partnered with Featurespace, Emailage, Payfone and InAuth. The article also indicates that future platform development will include adding facial recognition, document scanning and behavioral biometrics, and the use of differentiated datasets.
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group