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Passfaces announced it has signed with financial consultant T3i to provide its patented visual system for financial institutions seeking to implement multifactor authentication capability.
Passfaces is marketing an authentication system that requires users to recognize a series of facial pictures in order to establish proper identity before signing on.
The system asks users to remember a series of faces in a collection of mug shots; as many as nine series or as few as three. Users pick their assigned 'secret' face from each set to gain access to a secure system or website.
Retention rates are very high because people tend to recognize a familiar face, even if they forget the name that goes with it. Passfaces Certified Consultants is offered to companies, like T3i, providing objective and independent security advice and guidance.
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