Two-Factor Authentication and PINsafe

The increasing use of remote access and web-based commerce has increased the need for convenient, cost-effective, yet strong authentication models. Relying on a single factor of authentication, ie username and password, is no longer appropriate for many applications. This has led to the increasing use of multi-factor authentication; whereby authentication requires the user to know something (eg a password) and possess something (eg some form of authentication token). PINsafe's approach to two-factor authentication has the advantage that the user does not need a dedicated authentication token. Add to this the patented one -time code extraction algorithm then PINsafe can provide strong, cost-effective authentication solution that is easy to use and to manage.