Mobile phones are likely to become the security tokens of the future because they are already pervasive and customers have few reservations about running security applications on them, according to Simon Church, vice president of VeriSign's European, Middle Eastern and African division.
Verisign has just launched a mobile phone-based federated identity tool called Vip that delivers two-factor authentication via a one-time password for people to access their account with a firm. The tool also works on smart cards and tokens. VeriSign hopes to make it the standard way for customers to access their online accounts with all their suppliers.
So far the system is live in Germany and it has signed up PayPal, eBay, and stockbroker Charles Schwab. Church said he expected to land a large US financial services company in the next two or three months, and that British implementations could roll out as soon as next year.