Payments Council and Accenture launch authentication evaluation tool for banks

I would love to know more about this tool. What intelligence does the tool use as input for its decisions? Does it look at aspects like fraud, operational support, cost, ease of use, or is it purely a security feature comparison.

When you talk about authentication technologies for securing online customer interaction, are you talking about security from the business side or from the consumer's side? Perceptions of security differ greatly depending on your role in the interaction and the demographics of the consumers performing the actions.

Would this tool also consider all service delivery channels? Online, telephone, IVR, plastics, ATM and branch? Mobile and apps?

The initiative to create a more robust KYC solution for UK customers is a daunting one given the higher degree of privacy required in the UK as opposed to the USA market.

Without seeing any details on theis tool inew can only hope that the business rules designed into the system create a dynamicdecision matrix as opposed to the static model most businesses use for CNOP transactions.

Here in the U.S. we are supplying a new Account Origination/Management module for he banking industry that automates the KYC requirement with a hybrid matrix that delivers real-time monitoring of each access and allows the module to be customized by each client to better serve their consumers to optimize the consumer experience.

This is what would hopefully be the objective of the tool just announced for UK businesses.