{"id":1653,"date":"2014-06-17T16:25:02","date_gmt":"2014-06-17T20:25:02","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=1653"},"modified":"2014-06-17T16:25:02","modified_gmt":"2014-06-17T20:25:02","slug":"behavioural-biometrics-startup-raised-10m-in-funding","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/behavioural-biometrics-startup-raised-10m-in-funding\/","title":{"rendered":"Behavioural biometrics Startup raised $10M in Funding"},"content":{"rendered":"<div id=\"attachment_1659\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2014\/06\/146069757_2a85bbcb71_o.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1659\" class=\"size-medium wp-image-1659\" src=\"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2014\/06\/146069757_2a85bbcb71_o-300x225.jpg\" alt=\"Biometrics\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2014\/06\/146069757_2a85bbcb71_o-300x225.jpg 300w, https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-content\/uploads\/2014\/06\/146069757_2a85bbcb71_o-1024x768.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1659\" class=\"wp-caption-text\"><a href=\"https:\/\/flic.kr\/p\/dUDs6\">Credit: Flickr<\/a><\/p><\/div>\n<p>BioCatch, an Israeli startup that uses behavioural biometrics to authenticate visitors to banking and e-commerce sites, has raised $10 million in a funding round. BioCatch aims to eliminate passwords and authentication dongles for online banking and shopping, replacing them with a system that recognizes users by how they physically use their computer or tablet. The firm&#8217;s technology collects and analyses over 400 bio-behavioral, cognitive and physiological parameters based on how people type and move a cursor around to create unique profiles for visitors to sites.<\/p>\n<p>In addition, the system creates <strong>invisible challenges<\/strong> for visitors to sites. For example, when a user moves the cursor towards a button, they are deliberately knocked slightly off course and subconsciously have to correct in what the company says is a way unique to them. This, argues BioCatch, is more secure than traditional authentication methods, demonstrating an 80% reduction in false positives for detecting the same amount of fraud. It also significantly reduces friction for the customer because the system automatically kicks in when they visit a site using the technology. BioCatch says that it has signed up several unnamed banks and e-commerce sites, and that it will use the new funding to push on in North American and Europe as well as to expand R&amp;D efforts. Funding will also allow to continue strengthening BioCatch offering and expand global reach in strategic markets, while keeping the world&#8217;s largest and most influential institutions safe and secure.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BioCatch, an Israeli startup that uses behavioural biometrics to authenticate visitors to banking and e-commerce sites, has raised $10 million<\/p>\n<div id=\"more-button\"><a class=\"btn btn-more excerpt-more\" href=\"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/behavioural-biometrics-startup-raised-10m-in-funding\/\">Continue Reading<\/a><\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,264],"tags":[239,2202,2201,2200,205,1847,7,931,2203,2204,30],"class_list":["post-1653","post","type-post","status-publish","format-standard","hentry","category-best-practices-for-merchants","category-e-commerce-m-commerce","tag-banking","tag-banking-and-e-commerce","tag-behavioural-biometrics","tag-biocatch","tag-biometrics","tag-computer","tag-e-commerce","tag-funding","tag-online-banking","tag-rd","tag-tablet"],"_links":{"self":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/1653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/comments?post=1653"}],"version-history":[{"count":4,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/1653\/revisions"}],"predecessor-version":[{"id":1660,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/posts\/1653\/revisions\/1660"}],"wp:attachment":[{"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/media?parent=1653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/categories?post=1653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/wp-json\/wp\/v2\/tags?post=1653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}