Leading Open Banking Ecosystem Fabrick and Crédit du Nord, a leading French retail banking group comprising nine regional banks, launched Identity Check Mobile (IDCM) to make biometric authentication available to cardholders for remote transactions.
On 01 January 2021, the final piece of PSD2 came into full effect: banks are now required to follow strong customer authentication for most card transactions. The PSD2 requirement for strong customer authentication for most card transactions, combined with the recent mandate on biometrics requiring that issuers make biometric authentication available to cardholders for remote transactions, has increased the importance of simple and rapid authentication solutions. Crdit du Nord has selected Fabricks IDCM solution to meet these vital requirements for its French customers.
IDCM provides a secure and easy way for users to identify themselves while shopping online. As part of the payment authorisation process users receive a notification on their phone which asks them to identify themselves using secure biometric data via their mobile phones, comprising fingerprint, face or voice recognition.
The growth in e-commerce, which has accelerated during the COVID-19 pandemic, has also led to an increase in fraud. IDCM addresses consumers security fears, while delighting them with its ease-of-use which is also helping driving adoption.