ENISA Launches a Survey of Authentication in e-Finance and e-Payment - But Does It Cover ID Authentication and Processing?

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ENISA, the European Network and Information Security Agency is launching a new survey about the electronic Identity and Authentication Systems (eIDAS) used in e-Finance and e-Payment systems. Impression is that the survey addresses primarily the authentication and controlling of access of existing customers to online financial services, but what about the screening and onboarding of new customers?

Handing over a German ID

Impression is that the survey addresses primarily the authentication and controlling of access of existing customers to online financial services, but what about the screening and onboarding of new customers?

The European Network and Information Security Agency (ENISA) announced on 14 June 2013 the launch of a new public survey aimed at analysing the risks associated with each eIDAS mechanism and provide guidelines for best practices for financial institutions, merchants and payment service providers. This project will concentrate on e-identity management risks and identify, amongst others, authentication mechanisms. The survey purpose is clearly commendable. Mapping mechanisms and best practices in this emerging space of new opportunities, new technology challenges and new risks, makes absolute sense. However, the detailed list of objectives does raise some concern about one aspect of customer authentication that has may have not received till now the attention it merits. That aspect is the authentication of customer ID documents and their conversion to digital record at the point of customer screening and onboarding!

Much of the attention today is directed at the identification of customers that are already “in the system.” In some ways, these are the easiest to handle since service provider are supposed to have already cleared and have already exchanged with them information that can be used for online authentication (Passwords, etc.). But online services are inevitably also about acquiring new customers. That means the authentication, screening and processing of individuals that are not already familiar to the service provider. KYC regulations have been conceived (amongst other) exactly for these scenarios. These regulations mandate the identification and verification of customer data based on government issued ID documents.

Solutions for online customer ID authentication and record generation already exist. AU10TIX, pioneer of multi-channel (front-end and online) ID authentication and record generation introduced the BOS (Back Office Service) more than a year ago. AU10TIX BOS helps automate the authentication of online-submitted customer ID images, and their conversion to workable digital records. The system already works in online identity verification services, payment services and gaming, delivering not only better fraud protection but also improve operating efficiency and customer acquisition success chances.

‟It only makes sense that ENISA will address the issue of online ID document authentication and processing,“ says Ron Atzmon, AU10TIX’s managing director: “This completes or rather begins) the cycle of customer acquisition and servicing. Customers must be acquired and cleared online as well. BOS type of technologies are exactly the missing link that needs appropriate attention. We support the ENISA initiative wholeheartedly and would do our best contribute to its success.“

About AU10TIX
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents, including: Passports, identity cards, driving licenses and other complementary identifying documents. The company specialises in implementing hardware & software based applications used for scanning, identifying and acquiring identity documents, authenticating them and their owners, in real-time. The company's products drastically reduce identity and document based fraud in organisations, reducing the costs associated with processing clients, improving compliance competence and effectiveness with related regulations, while making the sales and support operations more efficient. For more information, visit http://www.au10tix.com.

About ICTS International N.V.
ICTS specialises in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customised training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process. For more information, visit http://www.icts-int.com.

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.

Contact:

AU10TIX Limited
Ofer Friedman, Director of Marketing
Email: ofer.friedman(at)au10tix(dot)com
Tel.: +972-50-4 71 71 50

ICTS International NV
Alon Raich + 00-972-974-47770
mail(at)ictsinternational(dot)com

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Ofer Friedman
AU10TIX Limited
+972-50-4 71 71 50
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