Payment transaction authentication methods. Which is the best?

In relation to payment transactions, there are many hidden pitfalls, because there is a range of fundamental differences between a regular application and a payment system (like a plastic card, e-wallet, etc.)

Authentication is done. What about Identification?

Pandemic became a catalyst to move identification from offline to online for many organizations. Even we faced a new challenge on how to personalize a user’s device to make him able to authenticate?

Why SMS and push codes are not secure

Using an SMS as a second authentication factor is familiar to most people. Moreover, many digital services use this authentication method for use cases like restoring access, approving some actions, confirming device linking and so on.

One-time-passwords and push codes are not as secure as you think!

Growing anecdotal evidence has shown that SMS 2FA and mobile push codes are insufficient protection since they can be intercepted.

How to reduce pain points in the digital transaction journey?

In this blog post, we will discuss about the communications flow between banks and their end-users in a remote banking system. For example, if a user wants to transfer his funds from his account to another through a remote banking system, it is highly important both for him and the bank to prove that this is exactly what this specific user wants to do.

Are secured and frictionless cybersecurity solutions a pipe dream?

The weakest point in a digital banking system is the user while banks’ side is usually strongly protected, banks know about it. The whole technical team of a bank – including the risk division – will do their best to protect bank clients and for this purpose they offer super strong solutions. However, regular security solution and positive user-experience seem to be incompatible.

Are digital banking security technologies foolproof?

The rise of digital banking has proved to be a revolutionary approach to financial management, even to the extent of reducing the need for brick and mortar banking branches. Be it managing your own finances, working with a corporate account, or wanting to access a new financial service in the dead of night at any location around the globe, digital banking has allowed access to financial services at the comfort of the customer’s fingertips.