PayConfirm

PayConfirm

Mobile transaction authentication signature (mTAS) in a smartphone

PayConfirm is a software platform that performs mobile transaction authentication signature (mTAS) to authenticate or confirm any type of operations, including transactions or e-documents, on a mobile device.

Our solution provides clients with a high level of security and an easy way to protect their payments, generated via any digital channels, such as Internet banking, mobile banking, CNP operations, private banking.

No more scratch-cards, USB-tokens, OTP-generators or any other hardware solutions are needed. There is no dependency on mobile operator service and SMS delivery time.

Unlike OTP, mTAS created with PayConfirm is bound to the payment’s details and user’s smartphone. This solution offers protection from the most common security threats in digital banking such as SIM swap fraud, phishing, bank account details replacement and other security threats. Our technology is already successfully adopted and used by more than 60 banks worldwide.

CONFIRM ANY TYPES OF OPERATIONS:

No more codes retyping from SMS, PUSH notifications and OTP generators;

Trusted solution based on cryptography;

Real-time notification right in a smartphone.

SECURITY AND FRAUD PROTECTION:

Protection from phishing, social engineering, data switching;

Device scoring and anomalies detection;

SMS interception and SIM swap attack protection.

SECURE TRANSACTIONS:

mTAS is generated on the basis of four components: transaction details, generation time, device fingerprint and user’s key;

Two independent communication channels are used to activate PayConfirm app in a user’s smartphone;

The security key is generated in the user’s smartphone and stored safely in the encrypted form.

TRANSACTIONS NON-REPUDIATION:

User not just confirms payment details, but signs them digitally and will be informed about transaction status afterwards;

PayConfirm uses asymmetric cryptographic algorithms, thus, there is only the user who can generate a digital signature.

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Projects

A smartphone as an ATM smartcard. Withdrawing cash from an ATM with your cell phone, rather than a physical card

«A modern bank customer prefers to move around the city without a wallet full of cash and plastic. Everything they need is on their smartphone: NFC for payments, public transit tickets, loyalty cards, and so on. However, sometimes there’s no escaping it, and they need cold hard cash. Making sure they can withdraw from an ATM without having to insert a physical card will definitely boost the loyalty of your active customer base.
How do you let your clients withdraw cash with their smartphone without upgrading the whole ATM fleet with expensive NFC readers? How do you raise the level of ATM security and lower the number of false customer card blocks? The answer to these questions is a mobile digital signature.»
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Turnkey digital customers. Moving customers from offline to online safely and conveniently

«One of the greatest assets of any modern company are their digital customers. They are identified, connected to information systems, and ready to interact via digital channels. The company’s main competitive advantage then becomes onboarding: reliable and secure digital tech for remotely gaining new clients at minimum cost and in the fewest steps possible.
So how do you organize the process of getting online customers? How do you ensure they are identified remotely, set up legally relevant document management, and make further communication safe and convenient?»
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