June 21, 2009 CNBSignIn is a two-factor authentication system that uses readily available devices such as mobile phones and PDAs for secure two-factor authentication, according to the solution's developer, Akros TechLabs LLC (Austin, Texas). CNBSignIn can be used to provide secure, authenticated access to online bank accounts, medical records, corporate e-mail and other corporate information systems, according to the vendor.

CNBSignIn uses a high-level encryption system to authenticate passwords before access is granted to the user. To accommodate a spectrum of users the PINs also can be distributed through e-mails and SMS messages. CNBSignIn uses a mobile device application and a back-end application to generate and manage the secure two-factor authentication passwords. Once the application is installed on the mobile device, it generates unique, one-time, alpha-numeric passwords for authentication, with a few keystrokes. A back-end system manages the password authentication and provides users access to their data. The solution does not require network availability, SMS messages or phone calls to authenticate the customer's identity.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & ...