COUNTRY COUNTRY FOCUS: GHANA FOCUS:
“
Time
ORGANISATIONS
ARE NOW
REALISING THE
NEED TO ADOPT
STRATEGIES THAT
DEPEND LESS ON
PASSWORDS, BY
IMPLEMENTING
MULTI-FACTOR
AUTHENTICATION
SYSTEMS.
fingerprint sensors and high-quality cameras
and speakers, have enabled the integration
of biometric authentication in everyday life.
These devices often form the core of working
remotely, with VPN authentication, email
access, document editing and collaboration
tools, all possible on a smartphone.
While this clearly reflects the findings of a
Visa survey released in 2018 – that stated
consumers’ inclination to adopt at least
one method to verify their identity – it also
showcases their desire to drift away from
legacy authentication methods like passwords
that need to be typed. The same can be
extended to banking, payments and other
transactions where security is pertinent.
to adapt
The payments ecosystem is evolving and
so should the ways in which we keep it
secure. New authentication and anti-fraud
technologies are making signatures and
PINs optional for issuers and merchants.
For instance, since the last one year, the
regulator has mandated issuers to issue EMV
chip-enabled contactless payment cards.
Besides changing consumer behaviour,
which is embracing mobile technology to
pay – payments are also being driven by
mobile technology.
Hence as the payments industry starts
adopting digital forms, the tokenisation
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