Natural security is a pioneering provider of powerful authentication technology and member of the Biometrics Alliance Initiative. In March this year, natural security will offer the global retail world a preview of the first payment and ID application from its unique authentication solution at the Retail Business Technology Expo.
Andre Delaforge, Head of Marketing at natural security and president of the Biometrics Alliance Initiative, will be presenting on Omni-channel Authentication and natural security technology at the Cards and Payments Solutions conference at the RBTE at 11.45am on the 14th March.
The natural security solution uses both a secure element and biometric recognition to create a modern payment method which combines privacy with user-friendliness. The payment method is made up of two components: a smartcard, SD card, or alternative, which the customer carries and identification that is unique to that customer, such as finger print or finger vein recognition.
The device carried by the customer utilises mid-range contactless technology to allow them to complete a transaction by simply placing a finger on a biometric reader, sparing the user the need to physically handle the device. This negates the need to memorise a PIN and makes it both simpler and faster to conduct transactions, optimising the entire authentication process.
The authentication data stored on natural security’s pioneering device is unique to the user, so a transaction can only take place when both the user and device are present. This technology ensures the device cannot be used by anyone else in the case of loss or theft. There is also no central database of biometric information and no way of tracing the cards or the data stored on them, making the whole system incredibly secure.
Cédric Hozanne, CEO at natural security, comments “New technology, particularly when used for verification purposes, is often met with wariness from those both inside and outside the industry. Personal data is a sensitive area, however using biometrics the natural security way is actually more secure and less intrusive than people assume. We strive to be synonymous with convenience, speed and security for retailers, while at the same time guaranteeing the protection and privacy of personal data for end users. Our technology makes accepting contactless payments with biometric authorisation simple and fast for retailers to use. We hope it will initiate the next generation of in-store interactive services and new payment options for customers.”