EMVCo sets MFA security guidelines with encouragement and cautions for biometrics use

Biometrics can help make multi-factor authentication used in payments resistant to attacks, but can also do the opposite if the wrong technology or architecture is chosen, according to a new paper from EMVCo. A framework to support the development of multi-factor authentication methods that can stop fraud attacks against payment systems has been published by the international payment standards body.

The “Multi-Factor Authentication Solutions for Payments Security Requirements” defined by EMVCo specifies biometrics as an appropriate authentication …

architecture attacks authentication authentication methods biometrics biometrics news development emvco factor financial services framework fraud fraud prevention guidelines mfa mfa security multi-factor multi-factor authentication payments security standards support technology