- AirKey, a NFC-enabled authentication technology developed by Capital One, will now be commercially offered to other financial institutions.
- The technology enables cardholders to authenticate their identity by tapping their card on a mobile device, providing multi-layered fraud prevention.
- Capital One initially launched AirKey for its own customers over four years ago, and 75 million of its cards currently use the technology.
- The solution offers hardware token efficacy with the convenience of existing cards, and supports various use cases, including 3D Secure (3DS) transactions, app enrolment, digital wallet services, and virtual card issuance.
- AirKey is compatible with iOS and Android operating systems and doesn’t require an additional app.
- The technology is backed by over 300 patents in the US and 400 internationally.
