passwords may be on their way out

Will 2016 be the year passwords become obsolete?

Share This Page

If these 3 technologies are any indication, passwords may be on their way out. Ever since the invention of the Internet, passwords have been a staple of secure verification. But as hackers have grown more sophisticated and as users’ fingers have grown weary, promising password-less ID verification technologies have come to the fore. Will you be using these in 2016?

1.            Selfie Pay

Yes, it’s in the works and it works exactly as it sounds. MasterCard is developing facial recognition technology that would verify someone’s identity when shopping on their phone. To help prevent fraud, the technology matches your facial contours against a mapped out version MasterCard would have secured on file.

2.            Notification Authentication

That sounds like a mouthful, but it’s simple in practice. Instead of entering a password, you would click on a notification sent to your smartphone. Yahoo Mail is working on this technology, which promises to eliminate the need to enter a password on one’s mobile phone when logging into email.

3.            Fingerprint Verification

Already in use for scanner-equipped Apple Pay, Android Pay and Samsung Pay phones, fingerprint verification promises to expand in 2016. As more and more retailers adopt payment terminals accepting tap-and-pay (NFC) technology, there will be more opportunities to securely pay without having to enter a PIN or password.

Though password-less security promises convenience and new ways to avoid prying eyes, it’s possible new vulnerabilities will be discovered. That’s why, regardless of how sophisticated security technology becomes, it’s good to have another layer of protection.

When it comes to your credit, TransUnion Credit Monitoring lets you lock and unlock your TransUnion Credit Report with one touch. Swipe on your smartphone or click your mouse to block all access to your report. That way, if your information gets into the wrong hands, and your report is locked, those hands won’t be able to use your TransUnion report to apply for credit in your name.

Click on the button below and order now so you can see your TransUnion report and start protecting it with TU Credit Lock.


Take the next step toward financial health
Advertiser Disclosure: TransUnion Interactive may have a financial relationship with one or more of the institutions whose advertisements are being displayed on this site. In the event you enter into a product or service relationship with any such institution through the links provided on the site, TransUnion Interactive may be compensated by such institution. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TransUnion Interactive does not include all credit card companies or all available credit card offers.