"The mobile ID and banking technology provider Tyfone has launched a pilot of a hardware-based mobile security technology that is said helps meet U.S. banking regulators' requirements for multiple layers of authentication.
Portland, Ore.-based Tyfone is testing its Connected Smart Card user authentication solution with CoVantage Credit Union's staff and business banking customers.
Wisconsin-based CoVantage is one of 10 U.S. credit unions, including Star One Credit Union, Boulder Valley Credit Union and Security Service Federal Credit Union, that has implemented Tyfone's mobile banking software platform. Tyfone said it has thus far processed $300 million worth of mobile banking transactions on behalf of credit union clients."
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