Health-Focused Credit Card Provider Embraces Face ID for App Security

“…while fingerprint authentication is supported, too, with Apple widely expected to make Face ID the standard biometric security system of its forthcoming devices, it’s a timely move on CareCredit’s part.”

CareCredit, the provider of a credit card tailored for healthcare and wellness spending, is taking advantage of biometric security in its mobile app.

The upgraded app allows users to take advantage of Face ID, Apple’s pioneering 3D facial recognition system launched with the iPhone X, for enhanced security. Given that the CareCredit app can be used to pay bills and set up payment alerts, the feature will likely be a welcome addition for CareCredit cardholders concerned about mobile security. And while fingerprint authentication is supported, too, with Apple widely expected to make Face ID the standard biometric security system of its forthcoming devices, it’s a timely move on CareCredit’s part.

More broadly, the upgraded app plays on other important trends, including the rise of mobile wallets and the increasing use of smartphones for all kinds of everyday transactions in general. Consumers “are increasingly expecting personalized and convenient experiences through all channels,” explained CareCredit CEO Fave Fasoli in a statement announcing the app upgrade. “We know that financing is an important factor for patients considering healthcare decisions, and these enhancements to our mobile app provide CareCredit cardholders a useful and accessible tool to help make those important financial decisions faster and easier.”

The CareCredit app is available from Apple’s App Store, and also through Google Play, supporting authentication via username and password as an alternative login mechanism.

—

August 31, 2018 – by Alex Perala

Related News

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

“…while fingerprint authentication is supported, too, with Apple widely expected to make Face ID the standard biometric security system of its forthcoming devices, it’s a timely move on CareCredit’s part.”

Related News

Footer

Follow Us