Cyber fraud is a reality but with our new technology in banking authentication there is no reason to fear these types of banking transactions. Our PIN verification pad, allows for secure seamless transactions from the platform you feel most comfortable in.
We need to go back to fundamental principles that made the initial authentication of transactions on ATM and PIN and apply this to the digital world.
Customers have different user security journeys for each channel that they use in order to essentially authorise a transaction or approve a debit to a customer account.
With the adoption of the PSD2 framework that has a requirement for strong customer authentication is expected to further confuse the end customer.
If we go back to basics and adopt the security principle of something you have and something you know being the card and the PIN, and apply this principle to the Mobile phone and the WIZZIT PIN – the customer now has a standard authentication method across both physical and digital channels.
For more information about our products and services please visit www.wizzit.com