The new TOCApp works with Android and iOS devices and it allows users to verify theiridentity through their fingerprint. It has many uses such as banking, mobilepayments, Web login without PIN and many more.
Las Vegas, United States. October 24th, 2016 – TOC BIOMETRICS,the biometrics specialist company, presents its new TOC App at the Money 20/20global event. The consent administrator system allows users to confirm or authorizewith their fingerprint and smartphone to perform tasks such as online bankinglogin, money transfers, payments, purchases, permits, electronic signatures andso on. Through a push message, the person can answer “I am/ I do”while placing their finger on the sensor of the smartphone.
This system is revolutionary since it is the only one in the world thatis based on the “trusted third party” security protocol patented byTOC, in which a third, autonomous, independent and reliable party corroboratesthe received information. The system safeguards the user’s personal data by notusing databases or any information related to the transaction.
“TOC aims to create a paradigm shift in how to authenticate by changing the traditional models tomake them more efficient and safe. An average person handles 18 passwords,inevitably leading to security breaches. Today, systems that allow greaterautonomy, security and speed are required, and the solution is –literally—justa finger. The TOC system checks anyone’s ID with its corresponding fingerprintto perform operations such as bank transfers in a 100% safe and efficient way.The system technology does not use databases and operates with a trusted thirdparty making it safe and private for users”, said Ricardo Navarro, TOC’s CEO& leader of TOC Labs.
Biometrics is the big trend in the world to improve safety standards andto foster the development of mobile phones with fingerprint sensors – Applesells 50 million of these phones a month – showing that it is now massive. Withthe creation which integrates this technology effectively, TOC BIOMETRICS is atthe forefront of innovation on this area, and will present its accomplishmentsexclusively at Las Vegas Money 20/20 event by participating as a sponsor inbooth K2060.
For more information about Money 20/20 Las Vegas, visit https://www.money2020.com/
TOC is a company ofbiometric identity verification and electronic signature that works without databases,generating a match between live fingerprint of each person and the biometricinformation contained in smartphones and ID cards. It is a strategic partnerfor its wide range of clients including banks, retail and insurance, amongothers. They belong to the Biometric Institute and they are governed by itsfundamental principles: respect for customer’s privacy, people’s informedconsent, protection of biometric data, making available knowledgeof the purpose of biometric data used and inform whether these will be sharedwith other institutions, as well as to create and maintain a culture ofprivacy.http://www.tocbiometrics.com/
AboutMoney20/20 Las Vegas
Money20/20 organizes thelargest global events enabling payments and financial services innovation forconnected commerce at the intersection of mobile, retail, marketing services,data and technology. With 10,000+ attendees, including more than 1,000 CEOs,from over 3,000 companies and 75 countries, expected at its 2016 U.S. event,Money20/20 is critical to realizing the vision of disruptive ways in whichconsumers and businesses manage, spend and borrow money. Money20/20 will beheld at The Venetian in Las Vegas, October 23-26, 2016.
In just four years,Money20/20 fundamentally disrupted the status quo and established an entirelynew and groundbreaking scale and standard for industry events.