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USAA Strengthens Mobile Banking Security

Adds device identification credential from VeriSign, that, in combination with a user-provided pin, will provide quicker and more secure login for nearly 1.3 million mobile platform users.

San Antonio-based USAA, a financial services provider for members of the military community and their families has teamed up with Mountain View, Calif.-based VeriSign to make logging into its USAA Mobile App quicker yet more secure.

Now, instead of a three-step process of username, password and PIN, USAA members can access their accounts through a secure four-digit PIN. VeriSign Identity Protection Service, a cloud-based authentication service embeds an authentication credential in the mobile application that enables USAA to identify trusted mobile devices. The PIN and the known device identification add up to two-factor authentication.

Qualified USAA members can download the updated application with quick logon at the Apple iTunes store or update their current USAA Mobile App. The quick logon service is expected to be available in April for Android phones. BlackBerry users can expect the enhanced USAA Mobile App soon thereafter.

Almost 1.3 million of USAA's 7.4 million members — nearly 17 percent — access USAA's mobile platforms to conduct financial transactions.

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