Strong authentication requires at least two of three basic
principles, something.. you know / you have / you are and it is
the 'something you have' that can often present the greatest
logistical challenges. The concept is similar to that of a payment
card; it can be used by the customer to perform transactions but
the physical plastic must also be managed by the bank.
The lifecycle of a token requires careful management. Some of
the main lifecycle phases include:
- Stock management
End-2-End Lifecycle Management
Cryptomathic Token Manager is an end-2-end lifecycle management
tool, designed for authentication purposes. As well as supporting
the lifecycle phases it enables the token Issuer to define their
own 'custom states' and the mechanisms used to transfer token
states, providing a flexible yet detailed model for the control of
any token type.