Visa unveils Tap to Confirm tech

Visa has introduced technology lets people verify their identity or activate a new card by tapping their physical card to their mobile inside the issuer’s banking app.

The payments giant has teamed up with fintech Keyno and Fidelity Bank (Bahamas) for the first deployment of the Tap to Confirm and Tap to Activate technology, Finextra informs.

Instead of relying on one-time passcodes, call centre verification, or other complex authentication processes, cardholders can now tap to confirm their identity for things like high-value transfers or account changes and to activate new cards,

"Identity verification has become one of the defining challenges of digital commerce - and one of the biggest points of friction for consumers and issuers alike. With tap authentication, Visa is transforming the card in your wallet into a secure, intuitive identity credential, delivering an experience that is easier for consumers and more secure for issuers," says Mike Romero, head, Visa digital solutions, Visa Latin America and the Caribbean.

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