With the ultimate goal of replacing password entry, HyprKey is launching the first phase of its new mobile payment system in November which provides a three-factor authentication alternative to passwords.
A key part of HyprKey’s solution is “HYPR-3”, a token generator that users stick to their bluetooth-enabled mobile device to verify it. Then, to make a payment through the HyperKey app, the user swipes their fingerprint on their phone and enters a numeric PIN, providing three factor authentication.
HyprKey can be used as a Biometric Authentication Platform for any digital wallet, and can be used to pay through QR code or NFC terminals, as well as for authentication on both mobile and desktop sites. Its three-factor authentication makes users virtually impervious to keylogging, malware, compromised networks, and man-in-the middle attacks.
