The ActivIdentity Mini Token OE and Authentication SDK both support the HMAC One-Time-Password (HOTP) algorithm technology developed by the VeriSign-led Initiative for Open AuTHentication.
The tokens are aimed squarely at internet banks, the company said. They’re small key-fob tokens, waterproof, with a battery life that maxes out at 10 years, according to ActivIdentity.
In the US, two-factor authentication is creating buzz this year due to regulatory guidelines that say banks must deploy stronger authentication to their web services before the end of the year.
While some banks are choosing fraud detection and tokenless user identity risk mitigation software as a more cost-effective way to comply, it seems likely that some will still choose to deploy tokens, particularly to high-value customers.
ActivIdentity said that its new SDK allows banks to build the HOTP authentication into server back-end servers that already manage other authentication methods, such as PIN or propriety software from other vendors.
