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Reliance Authentication
Reliance authentication is a part of the trust-based identity attribution process whereby a second entity relies upon the Digital identity#Authentication, authentication processes put in place by a first entity. The second entity creates a further element that is unique and specific to its purpose, that can only be retrieved or accessed by the authentication processes of the first entity having first being met. Reliance authentication can be achieved by one or more tokens with random characteristics being transmitted to a secure area controlled by the first entity, where such secure area is only accessible by the person authorised to use the account. The secure area may be an online banking portal, telephone banking system, or mobile banking application. The token is often in the form of a single or plural of debit or credits to a financial account, where the numerical values of the debit or credits form the token, whose numeric value is to be confirmed by the account holder. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Digital Identity
A digital identity is data stored on Computer, computer systems relating to an individual, organization, application, or device. For individuals, it involves the collection of personal data that is essential for facilitating automated access to digital services, confirming one's identity on the internet, and allowing digital systems to manage interactions between different parties. It is a component of a person's social identity in the digital realm, often referred to as their online identity. Digital identities are composed of the full range of data produced by a person's activities on the internet, which may include usernames and passwords, search histories, dates of birth, Social Security number, social security numbers, and records of online purchases. When such personal information is accessible in the public domain, it can be used by others to piece together a person's offline identity. Furthermore, this information can be compiled to construct a "data double"—a comprehe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multi-factor Authentication
Multi-factor authentication (MFA; two-factor authentication, or 2FA) is an electronic authentication method in which a user is granted access to a website or application only after successfully presenting two or more distinct types of evidence (or factors) to an authentication mechanism. MFA protects personal data—which may include personal identification or financial assets—from being accessed by an unauthorized third party that may have been able to discover, for example, a single password. Usage of MFA has increased in recent years. Security issues which can cause the bypass of MFA are fatigue attacks, phishing and SIM swapping. Accounts with MFA enabled are significantly less likely to be compromised. Authentication factors Authentication takes place when someone tries to log into a computer resource (such as a computer network, device, or application). The resource requires the user to supply the identity by which the user is known to the resource, along wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single Euro Payment Area
The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for simplification of bank transfers denominated in euros. , there were 41 members in SEPA, consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and the United Kingdom. Some microstates participate in the technical schemes: Andorra, Monaco, San Marino, and Vatican City. By 2025, Albania, Moldova, Montenegro, North Macedonia and Serbia were 5 countries negotiating to join the EU already included in SEPA. SEPA covers predominantly normal bank transfers. Payment methods which have additional optional features or services, such as mobile phone or smart card payment systems, are not directly covered. However, the instant SEPA payment scheme facilitates payment products also on smart devices. Goals The aim of SEPA as stated in 2008 was to improve the efficiency of cross-bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
One-time Password
A one-time password (OTP), also known as a one-time PIN, one-time passcode, one-time authorization code (OTAC) or dynamic password, is a password that is valid for only one login session or transaction, on a computer system or other digital device. OTPs avoid several shortcomings that are associated with traditional (static) password-based authentication; a number of implementations also incorporate two-factor authentication by ensuring that the one-time password requires access to ''something a person has'' (such as a small keyring fob device with the OTP calculator built into it, or a smartcard or specific cellphone) as well as ''something a person knows'' (such as a PIN). OTP generation algorithms typically make use of pseudorandomness or randomness to generate a shared key or seed, and cryptographic hash functions, which can be used to derive a value but are hard to reverse and therefore difficult for an attacker to obtain the data that was used for the hash. This is necessa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Direct Debit
A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. Formally, the organisation that calls for the funds ("the payee") instructs their bank to collect (i.e., debit) an amount directly from another's ("the payer's") bank account designated by the payer and pay those funds into a bank account designated by the payee. Before the payer's banker will allow the transaction to take place, the payer must have advised the bank that they have authorized the payee to directly draw the funds. It is also called pre-authorized debit (PAD) or pre-authorized payment (PAP). After the authorities are set up, the direct debit transactions are usually processed electronically. Direct debits are typically used for recurring payments, such as credit card and utility bills, where the payment amounts vary from one payment to another. However, when the authorization is in place, the circumstances in which the funds are drawn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Out-of-band Data
In computer networking, out-of-band data is the data transferred through a stream that is independent from the main ''in-band'' data stream. An out-of-band data mechanism provides a conceptually independent channel, which allows any data sent via that mechanism to be kept separate from in-band data. The out-of-band data mechanism should be provided as an inherent characteristic of the data channel and transmission protocol, rather than requiring a separate channel and endpoints to be established. The term "out-of-band data" probably derives from out-of-band signaling, as used in the telecommunications industry. Example case Consider a networking application that tunnels data from a remote data source to a remote destination. The data being tunneled may consist of any bit patterns. The sending end of the tunnel may at times have conditions that it needs to notify the receiving end about. However, it cannot simply insert a message to the receiving end because that end will not b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CAPTCHA Wikibook
Completely Automated Public Turing Test to tell Computers and Humans Apart (CAPTCHA) ( ) is a type of challenge–response turing test used in computing to determine whether the user is human in order to deter bot attacks and spam. The term was coined in 2003 by Luis von Ahn, Manuel Blum, Nicholas J. Hopper, and John Langford. It is a contrived acronym for "Completely Automated Public Turing test to tell Computers and Humans Apart." A historically common type of CAPTCHA (displayed as reCAPTCHA v1) was first invented in 1997 by two groups working in parallel. This form of CAPTCHA requires entering a sequence of letters or numbers from a distorted image. Because the test is administered by a computer, in contrast to the standard Turing test that is administered by a human, CAPTCHAs are sometimes described as reverse Turing tests. Two widely used CAPTCHA services are Google's reCAPTCHA and the independent hCaptcha. It takes the average person approximately 10 seconds to solve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CAPTCHA
Completely Automated Public Turing Test to tell Computers and Humans Apart (CAPTCHA) ( ) is a type of challenge–response authentication, challenge–response turing test used in computing to determine whether the user is human in order to deter bot attacks and spam. The term was coined in 2003 by Luis von Ahn, Manuel Blum, Nicholas J. Hopper, and John Langford (computer scientist), John Langford. It is a contrived acronym for "Completely Automated Public Turing test to tell Computers and Humans Apart." A historically common type of CAPTCHA (displayed as reCAPTCHA v1) was first invented in 1997 by two groups working in parallel. This form of CAPTCHA requires entering a sequence of letters or numbers from a distorted image. Because the test is administered by a computer, in contrast to the standard Turing test that is administered by a human, CAPTCHAs are sometimes described as reverse Turing tests. Two widely used CAPTCHA services are Google's reCAPTCHA and the independent hC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FFIEC
The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". It also oversees real estate appraisal in the United States. Its regulations are contained in title 12 of the Code of Federal Regulations. Composition FFIEC includes five banking regulators—the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB). History FFIEC was established March 10, 1979, pursuant to title X of the Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRA). Housing and real estate The FFIEC was given additional statutory responsibilities by section 340 o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
