Blog Posts

Mobile credentials as your identity

July 31, 2024

Why it is smart to start investing in the stock market?

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Should I be a trader to invest in the stock market?

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What app should I use to invest in the stock market?

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Is it risky to invest in the stock market? If so, how much?

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Tell us if you are already investing in the stock market

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Identity: the fact of being who or what a person or thing is. 

Identifier: a person or thing that identifies something. 

When you fill up your gas tank, you must put in your PIN or zip code to use your card. When you sign into your bank account on a new device, you must authenticate yourself with things like a text to your verified phone number or answer to a verification question. This ensures that it is truly you - it’s your identity. Without these security measures, anyone can use your card at the gas pump, anyone can get a loan in your name - and in the world of access control, anyone can access your spaces. That’s a scary thought. 

This is why your credential should be your identity - not simply an identifier. 

Wallet is your identity

Traditional methods of entry, such as physical keys and cards, are being replaced by more secure and convenient mobile credential solutions, like the Wavelynx Wallet. The NFC Wallet solution serves as a digital gateway that stores credentials and enables secure, contactless transactions. Much like physical wallets hold money, IDs, and other valuable items, NFC wallets store their digital equivalents. Users can access buildings, pay for services, and verify their identities using their smartphones. This technology combines the convenience of digital access with the security of advanced cryptographic systems. 

Physical credentials vs. Wallet 

In traditional access control systems, a card or key is merely an identifier. It doesn’t recognize who is holding it, which poses a security risk and limits how access is controlled. Imagine if the key to your home had your picture, name, and address on it. We all recognize the dangers of losing that key. Wavelynx is working toward an industry that holds the same standards for our workplace security. When an employee is issued a physical credential to access their office, their identity is truly verified at the time of issuance - but never again. 

When employers opt for Wallet specific mobile credentials, their employees are authenticated at the time of issuance, not only by the employer, but by the device - such as their Apple ID or Google ID. This process typically involves two-factor authentication (2FA) and robust identity management systems. In some cases, every time the credential is used, a biometric or PIN is required. The corporate identity acts as the primary verifier, ensuring that the person accessing the building or service is indeed who they claim to be. 

The Role of the Access Control System

Access control systems serve as gatekeepers to physical and digital spaces. Traditionally, these systems relied on physical tokens like cards or keys. However, with the advent of NFC wallet technology, the role of access control systems is expanding. They are no longer just about granting access; they are about managing complex identities and ensuring secure entry. 

It’s here. It’s now.

While it may seem like this is technology of the future, the reality is that NFC Wallet solutions, like Wavelynx Wallet, are already in use in many real-world scenarios. Corporations are embracing this technology to streamline access control, improve security, and enhance user convenience. Not only convenience in the credential readily available within your device, but convenience in utilizing your device for more than just access. From colleges and universities implementing Wallet for their faculty, staff and students to access facilities, pay for meals and more - we are seeing a shift begin that provides users with more, for less. 

Wallet is the preferred technology for access

As the industry continues to evolve, NFC Wallets are becoming the preferred credential technology. And the difference for each user is they are now your credential - validating your identity throughout every touchpoint and use case. They are no longer a piece of plastic you wear or need to remember to bring with you, but a part of your everyday norm within your device. 

Wherever you are on your credential migration journey, Wavelynx is here to help you transition to a modern, secure credential technology for your users. 

To learn more about how you can make the switch, contact us today.

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