Reliance authentication

The token is often in the form of a single or plural of debit or credits to a financial account, where the numerical values of the debit or credits form the token, whose numeric value is to be confirmed by the account holder.

The reliance method often incorporates an out-of-band response means, once the tokens have been retrieved from the secure area.

Some examples include: The introduction of strong customer authentication[2] for online payment transactions within the European Union now links a verified person to an account, where such person has been identified in accordance with statutory requirements prior to the account being opened.

In the Australian legislation, 'reliance' is based upon section 38 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth).

The Federal Financial Institutions Examination Council of the United States of America (FFIEC) issued "Authentication in an Internet Banking Environment", dated October 2005.