MemberPass is stored securely on your phone. It’s a fully signed identity credential you own and control.
It turns out Microsoft makes a similar recommendation in this news from November 12. In this article, Microsoft urges users to abandon telephone-based MFA solutions, like one-time codes sent via SMS and voice calls. These are the least secure of the MFA methods available today. SMS and voice protocols were not designed with encryption, are easy to attack using social engineering, rely on mobile carriers and are subject to shifting regulation.
MemberPass is different. It’s more than simple authentication – it’s identity verification. It’s a step toward building actual digital trust between you and your members. It’s the ability to recognize with certainty who someone is. It lets you participate in a global credential network able to validate identity in real time.
Let’s take a quick look under the hood
To get a little technical, MemberPass employs a cloud agent and credential exchange. The member’s phone interacts with in real time to complete the identity verification using a credential exchange network. MemberPass is a credential, not just a static authentication token that is stored on the member’s phone.
MemberPass function requires a secure phone and a fully signed identity credential that the member owns and controls from a trusted source (your credit union.) The credit union is a second measure of identity and a check from the cloud agent/credential exchange network completes the authentication using secure decentralized identifiers.
MemberPass is completely different from the DUO types of security tokens and schemes many credit union service providers use today. It’s a bad idea to store an OAuth token on a member’s smart phone as a static authentication key. It’s easy to hack.
MemberPass, the consistent omni-channel experience!
Avoid all the downside risks of MFA. MemberPass delivers member security, extreme hack resistance and a superior member experience across all access channels. Plus, you’ll earn greater digital trust with your members.
To learn more about MemberPass, email us to request a demo or FAQ list, register to attend a webinar, or visit us at www.memberpass.com.
CULedger, a credit union service organization, offers MemberPass, the simplest, most secure and convenient method to verify member identity. We leverage touchless, privacy-enhancing technology to protect against identity theft and fraud. MemberPass will revolutionize how you say “hello” to members. Visit www.memberpass.com or email email@example.com.