Strong Customer Authentication Solutions

  When it comes to the technologies that you can use to improve the security of your business, Strong Customer Authentication (SCA) is one of the things you should consider. This technology offers some fundamental business benefits, and with the right mindset, it can strengthen your business through the following. One of the ways that Strong Customer Authentication can strengthen your business is through innovation and customer acquisition. With a simple SCA process, you can take the customer from mere interest in your service or products to settling a payment in only a few minutes. SCA will make using new services a lot easier, such as top-up and pre-paid credit cards, spending analytics, self-service management of geographical limits and merchant or transaction specific credit cards, special offers, and more. All these services require SCA to be set-up and used. However, with a poor and cumbersome SCA, such as SMS+OTP + password, the use of new and innovative services will be much h

  When it comes to the technologies that you can use to improve the security of your business, Strong Customer Authentication (SCA) is one of the things you should consider. This technology offers some fundamental business benefits, and with the right mindset, it can strengthen your business through the following. One of the ways that Strong Customer Authentication can strengthen your business is through innovation and customer acquisition. With a simple SCA process, you can take the customer from mere interest in your service or products to settling a payment in only a few minutes. SCA will make using new services a lot easier, such as top-up and pre-paid credit cards, spending analytics, self-service management of geographical limits and merchant or transaction specific credit cards, special offers, and more. All these services require SCA to be set-up and used. However, with a poor and cumbersome SCA, such as SMS+OTP + password, the use of new and innovative services will be much h

  If you are a business persona and have not yet implemented passwordless authentication ux , it is something that you should definitely think about. Passwordless authentication is simply a process that verifies a user’s identity with something other than a password. With this technique, you can strengthen security of your company systems by eliminating password management practices as well as the risk of threat vectors. One of the good reasons to implement passwordless authentication ux in your business is that it leads to stronger cybersecurity posture.  Research shows that enterprises experience losses of up to $3.92m on average from data breaches. When cyber-criminals can gain access to your passwords, it means that they can also gain access to your company’s confidential data. The cybercrimimals can even get into other employees’ data and alter it too. However, you do not have to worry about data or identity theft with passwordless authentication because the hardware token only gi

  If you are a business owner, you should consider investing in digital fraud prevention systems to make sure that your data and systems are secure. Artificial intelligence plays a crucial role in successful payments and fraud prevention strategies. Fraud threats are evolving and presenting themselves in unexpected ways especially to the businesses that accept digital payments. You need an advanced solution in order to stay ahead of fraud and reduce revenue losses to fraudulent transactions while maintaining a smooth customer experience in your business. If you make digital sales in your business, you are more vulnerable to fraud that impacts your payments ecosystems. Fraud is has more complex these days and relies on machine learning to execute fraudulent activities and bypass security solutions. The outdated fraud detection systems that only employ rules-based detection as well as basic supervised machine learning are not advanced enough to meet current fraud attempts, and that is w

  Most websites, services, as well as applications have difficulty providing secure, convenient authentication for users, and passwords are usually the problem. While the passwords work in most cases, they tend to be either so simple that they are easily guessed by hackers. The passwords can also be so complex that they are hard for users to remember. All passwords, regardless of their complexity, are vulnerable to phishing and data breaches. The good news is that FIDO WebAuthn, which is a new web authentication standard approved in March 2019 by the World Wide Web Consortium (W3C), has made it easy for websites, services as well as applications to offer strong authentication without relying on passwords. Replacing passwords with strong authentication based on public key cryptography, in which the private key never leaves the user’s device, makes authentication both easier to use and more secure, something that benefits users and service providers alike. The FIDO WebAuthn standard is

  With many transactions being conducted online these days, digital wallets are becoming very common.    A digital wallet is a mobile app that stores credit card and bank account information. It can be used to make both online and in-store purchases. Digital wallet eliminate the need to carry a physical wallet full of cash and credit cards to make purchases. They are growing in popularity all over the world because they are easier to use and more secure compared to traditional payment methods. Some are predicting that digital wallets will replace cash and credit cards very soon. A digital wallet may be what you need if you ever get tired of having to dig a credit card out of a wallet or count out cash. This technology is also ideal if you worry about having your information stolen when you swipe a card or not having enough cash on hand. A simple definition of a digital wallet would be an electronic payment system that allows users to securely store credit card and bank account informa

  Digital identity verification is a necessary process for businesses in all sectors of the economy. It ensures an individual’s identity matches the one that is supposed to be. It involves comparing the set of unique characteristics and traits associated with an individual with the one claiming the same. This process is essential to ensure an actual individual is behind a process and prevent fraud through authentication as well as authorization. Whether online or offline, ID verification is a very crucial requirement for most procedures and processes, including online and offline banking, booking flights, or applying for a passport. Digital identity means how a person is represented and digitally documented online, sometimes through social login, work email address, or personal email ID. In a nutshell,  digital identity verification is a  process that validates an individual’s identifying characteristics or traits and verifies they really are who they claim to be by leveraging compute