BehavioSec touts European Banking Authority approval of behavioral biometrics for PSD2

BiometricUpdate.com, Chris Burt, July 18, 2018

The European Banking Authority (EBA) has confirmed that behavioral biometrics in a proven technology for enhanced authentication and is appropriate for payment systems in compliance with Payment Services Directive 2 (PSD2), according to an announcement from BehavioSec.

Two factors from two different categories are necessary for strong customer authentication (SCA) under PSD2. Behavioural biometrics meets the standard for an authentication factor in the “inherence” category, and recognition as such by the EBA provides important guidance to payment stakeholders including banks, fintech companies, and consumers, according to the announcement.

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