This post is part of our live coverage of FinovateSpring 2014.

Mobile security is the specialty of our next presenter, TextPower, unveiling TextKey mobile authentication technology.

“TextKey is the next-generation authentication system that turns common SMS-based authentication models upside down. TextKey users see a one-time key on a webpage and must text that key FROM their cell phone into the TextKey system. TextKey then verifies the mobile number that sent the key along with up to five other verification factors. 

When the correct key comes from the correct cell phone number and the other factors are verified, access is granted. If the key is sent by a cell phone that is not registered to send it (i.e., a hacker) or any of the other five factors are not verified, authentication is refused and the hacker’s cell phone number captured. TextKey is simple to install, affordable for any size business, and has no learning curve for users (“just text it”).”