/ɔ:ˌθentɪ'keɪʃ(ə)n/ noun
1. an action of checking that something is true, such as an instruction sent to a bank by email
2. a method of proving the identity of a person or company
COMMENT: Authentication is particularly important on the Internet where you do not actually see the person or premises of a company when making a purchase. If CompanyX wants to prove to Internet customers that they are really CompanyX and not a fraudster, they must ask an independent authenticator to issue them with a unique certificate of authentication. A visitor to the CompanyX website can ask to see this certificate and will be shown the unique number supplied by the trustworthy independent authenticator. Authentication is normally only used on commercial web sites that are selling goods.

Dictionary of banking and finance. 2015.


Look at other dictionaries:

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