© All rights reserved.
nok nok nok nok
  • Solutions
    • Passwordless Authentication
    • Passkeys
    • Secure Payments
    • Compliance
    • Professional Services
  • Industries
    • Government
    • E-Commerce
    • Financial Services
    • Mobile Network Operators
  • Products
    • Authentication Cloud
    • S3 Suite
    • IoT SDK
  • Resources
    • Demo
    • White Papers
    • Videos
    • Testimonials
  • Company
    • About
    • Team
    • Partners
    • Clients
    • Events
    • News
    • Blog
    • Contact Us
    • Support
Free Trial
Sign In
nok nok
Home / Company News / The First Internet ID and Payment Card is Here

The First Internet ID and Payment Card is Here

  • Author
    Nok Nok News
  • Published
    13 Aug 2021
  • 0 comments
    Join Conversation
Company News

The First Internet ID and Payment Card is Here

In 2003, the first metal card transaction created an entirely new product for the high net worth and affluent audiences that set a new standard for quality and security in payment. Now, metal cards have become the default for any high-end credit card option, and wallets across the world suddenly got heavier as these sleek and elegant cards quickly replaced their plastic counterparts. At Nok Nok, we admire the innovation and vision behind reinventing what our wallets look like, which is why we’re pushing the envelope even further.

This week we announced a strategic alliance with the company behind the metal card, CompoSecure, to introduce the first internet ID and payment card. This new offering, which will roll out early next year, will act as a virtual ignition key to authenticate a user into any digital service on any device and create a new level of safety for both consumers and merchants. If recent months have taught us anything, it’s that criminals will never stop looking for new ways to target and exploit weaknesses in consumer transactions.

Our partnership with CompoSecure will create a platform for secure login and one-step authentication that removes any risk or expense associated with “Card Not Present” transactions, chargebacks, or BNPL (Buy Now, Pay Later). Currently, there are substantial downsides for these types of transactions, whether it’s the risk associated with giving your credit card information over the phone for pizza delivery or making payments online. With 2.8 billion credit cards currently in use worldwide combined with a $25 billion Card Not Present fraud industry, the need for securing these types of transactions is immediate.

The buck doesn’t stop there. While securing payments is a primary focus, both Nok Nok and CompoSecure want to completely change how business is conducted over the internet. This new offering will also allow us to combat identity fraud in evolving areas such as eGaming, cryptocurrency exchanges, e-passports, and more. We want to extend the security CompoSecure has already deployed to its credit cards to any verifiable claim, which could include anything from COVID vaccination status to proof of driver’s license. We have big plans!

When we started working on solving the authentication problem nine years ago with a standards-based approach, we knew the journey wouldn’t be a quick one. We’re nearing a tipping point toward mass adoption of strong authentication and assurance signals, as security teams are dealing with the challenges and costs of data breaches. Our work with CompoSecure is just beginning and the benefits will help bring Nok Nok’s vision of greater security and a better user experience to life.

WATCH THE VIDEO

Tagged with:
composecurenok nokpayment card
Nok Nok News
  • CompoSecure and Nok Nok Partner to deliver advanced security and authentication
    Previous PostCompoSecure and Nok Nok Partner to deliver advanced security and authentication
  • Next PostNext Level Metal Credit Cards
    Next Level Metal Credit Cards
  • CompoSecure and Nok Nok Partner to deliver advanced security and authentication
    Next Level Metal Credit Cards

Related Posts

Nok Nok’s Rolf Lindemann at Identiverse 2023
Company News Conventions

Nok Nok’s Rolf Lindemann at Identiverse 2023

Passkeys Webinar
Company News FIDO Alliance Webinar

Passkeys Webinar

Nok Nok Featured on Keen On
Company News Passwordless Video

Nok Nok Featured on Keen On

All The Major Technology Companies Adopt The FIDO Standard
Company News FIDO Alliance

All The Major Technology Companies Adopt The FIDO Standard

Leave a Reply (Cancel reply)

Your email address will not be published. Required fields are marked *

*
*

Contact Us

Nok Nok, Inc.
2890 Zanker Rd #203
San Jose, CA 95134

(650) 433-1300

[email protected]

Get Google Maps Directions
footer-logo
fido

Latest Posts

  • Nok Nok: Making Mobile Banking More Secure and Convenient
  • Test Drive the Nok Nok Passkey Authentication Solution
  • Nok Nok at the White House
  • Most Organizations Still Using Phishable Multifactor Auth

Navigation

  • Subscribe
  • Resources
  • Careers
  • Support

Nok Nok Labs, Nok Nok, and NNL are all trademarks of Nok Nok Labs, Inc. © 2023 Nok Nok Labs, Inc.
FIDO is a trademark of the Fast IDentity Online, (FIDO), Alliance. All rights reserved.
Terms Of Use and Privacy Policy

About Us

Founded in Silicon Valey in 2011, Nok Nok is the trusted leader in frictionless, passwordless consumer authentication for the world’s largest organizations.

Recent posts

Nok Nok: Making Mobile Banking More Secure and Convenient

Nok Nok: Making Mobile Banking More Secure and Convenient

19 September 2023
0
74
The Mobile Banking Revolution Affords Freedom Mobile banking has become an integral part...
Test Drive the Nok Nok Passkey Authentication Solution

Test Drive the Nok Nok Passkey Authentication Solution

17 August 2023
0
240
Before you buy a new car, you test drive it. Sometimes you test...
Demo
Free Trial
Videos
Contact Us
Support

Contact Us: (650) 433-1300 • [email protected]

Copy
MUFG-800×600

“Transactions using mobile devices are rapidly spreading and it is essential to support both usability and security. By combining Hitachi’s abundant system development capabilities and know-how in the financial system and security related fields, and Nok Nok’s globally deployed and proven FIDO certified products, we achieved this compatibility, which led to this adoption.”

– Mr. Nobuo Nagaarashi, General Manager, Financial Information Systems 1st Division, Hitachi, Ltd.

 

The M in MUFG stands for Mitsubishi, which is a combination of the words mitsu and hishi. Mitsu means three. Hishi means water chestnut, and the word denotes a rhombus or diamond shape.  In partnership with Hitachi, MUFG has enabled passwordless authentication solutions across many of the bank’s apps and services.

Coverage In The Paypers
Coverage In Finextra
intuit

“As an early adopter of FIDO, we’ve seen significant business benefits and are completely on board with continuing to leverage the latest FIDO innovations with our partner, Nok Nok.”

– Rakan Khalid, Group Product Manager, Identity.

 

Intuit has delivered passwordless authentication across mobile applications and devices using Nok Nok’s S3 Suite. The results have reduced customer friction in their Intuit application experience.

Read The Nok Nok Intuit Case Study
Watch the FIDO Alliance Webinar: The Right Mix
Watch Marcio Mello discuss Intuit’s Nok Nok implementation at Identiverse 2019:
docomo-800×600

“DOCOMO is a worldwide innovator in providing its millions of customers with simple and strong authentication backed by a standards-based approach.”

– Phillip Dunkelberger, President & CEO of Nok Nok Labs.

 

As one of Nok Nok’s earliest customers, NTT DOCOMO became the first carrier to offer a billing system that is enabled by FIDO, the first to offer a federated Identity system integrated FIDO, and was the first to offer a mobile device that authenticates via the iris biometric modality.

Coverage In Find Biometrics
Coverage In Telecompaper
bbva-800×600-2

“Traditionally, one of the biggest challenges of authentication systems has been to balance security with user experience. Due to the FIDO standard, we are confident that both elements work together seamlessly to provide customers with the highest security standards, along with a transparent and agile user experience.”

– Juan Francisco Losa, Global Technology & Information Security Officer.

Nok Nok partnered with banking leader, BBVA to improve the security and user experience of the bank’s mobile banking services through state-of-the-art biometric capabilities.

Coverage In American Banker
Coverage In Planet Biometrics
Softbank-800×600-1

“We can no longer rely on passwords for our financial or other sensitive transactions as they are weak, forgotten and easily hacked. We are very pleased with SoftBank’s decision to choose our standards-based authentication platform for their millions of customers.”

– Phillip Dunkelberger, President & CEO of Nok Nok Labs.

 

Millions of SoftBank’s mobile subscribers now have the ability to use biometrics for authentication through the mobile application “My SoftBank Plus”. With this implementation, SoftBank’s mobile users access data with the My SoftBank service using biometrics for a frictionless, simple and fast authentication experience.

Coverage In Mobile ID World
Coverage In Planet Biometrics
Coverage In The Paypers
Aflac-Japan-800×600-1

“Aflac is the first Japanese insurance provider to deploy a FIDO-certified solution, and we would like to continue collaborating with Nok Nok Labs to introduce it to banks, insurance industry and other industries.”

– Michihiko Ejiri, VP, Head of Portal Service Division, Service Technology Unit, Fujitsu Limited.

With the Nok Nok S3 Suite, Fujitsu has provided Aflac customers with strong authentication to their mobile claims payment application using any biometrics on their iOS and Android devices. The solution also provides Aflac and their customers with a scalable method to authenticate users that is interoperable with their existing security environments and reduces or eliminates the reliance on usernames and passwords.

Coverage In Find Biometrics
Coverage In Find Authority
lichtenstein-800×600-1

“For our customers, we only use the most secure products on the market that meet their requirements. Nok Nok perfectly aligns within our product portfolio and we are proud of the very trusted partnership.”

– Lukas Praml, CEO of YOUNIQX.

 

YOUNIQX Identity AG, the award-winning subsidiary of the Austrian State Printing House (OeSD) and Nok Nok partnered to deliver a electronic identity system (eID) for the citizens of the country of Liechtenstein.  This deployment represents the first time that Nok Nok’s FIDO platform has been used to deliver an eID.

FUN FACT
As of 2009 Liechtenstein’s per capita income was $139,100, the highest of any country in the world.

Learn How FIDO Supports EIDAS Regulation
Coverage In Mobile ID World
Coverage In The Paypers
Coverage In Biometric Update
Gallagher-800×600-1

“Nok Nok’s state-of-the-art, standards-based platform will deliver a tremendous user experience,”

– Steve Bell, Chief Technology Officer at Gallagher

When a horse called Joe took too much of a liking to using a car as a scratching post, owner Bill Gallagher Sr. devised a cunning electrical circuit that delivered a shock whenever the horse rocked the vehicle, and in doing so created a company.  Today, with passwordless authentication from Nok Nok, Gallagher is leading the IoT industry with innovative solutions that work in your office and in the outback.

Coverage In Biometric Update
Coverage In Mobile ID World
Coverage In Planet Biometrics
tmobile-800×600-1

“Our Forgot Password flows were running at about 65%. After we rolled out FIDO by Nok Nok, our forgot passwords dropped to 7%.”

Michael Engan, T-Mobile

 

Using the Nok Nok S3 Suite, T-Mobile has become a leader in carrier adoption of passwordless authentication. Their solutions have reduced forgotten passwords and dramatically improved customer satisfaction.

Watch Michael Engan from T-Mobile talk about their implementation of Nok Nok’s S3 Authentication Suite at Identiverse 2019.

We use cookies on this website to improve functionality and performance, analyze traffic to the website, and enable social media features.  To learn more, please see Cookies in the Privacy Policy. Please click ACCEPT to agree to these terms.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

3rd Party Cookies

This website uses Google Analytics and other services to collect anonymous information such as the number of visitors to the website and the most popular pages.

Keeping these cookies enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Additional Cookies

This website uses the following additional cookies:

(List the cookies that you are using on the website here.)

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Cookie Policy

More information about our Cookie Policy

  • 日本語