LET US INTRODUCE YOU TO THE NEXT GENERATION TWO-FACTOR AUTHENTICATION!

 

With the continued growth of online banking fraud, PSD2 (Payment Services Directive II) helps to better protect the customer. Introducing a new security requirement for all electronic payments and account accessibility, along with new Third Party Providers – AISP and PISP.

  • AISP – ‘Account Information Service Provider’ which allows access to bank account information, as long as the user gives consent
  • PISP – ‘Payment Initiation Service Provider’ which allows users to initiate any online transactions to a chosen beneficiary, as an alternative method to payment cards for online transactions

PSD2 requires strong customer authentication techniques whenever the payer accesses payment account online, initiates an electronic payment or carries out any action through a remote channel that might imply a risk of payment fraud or other abuses. By January 2018, all EU countries will have to have transposed the directive into national laws. Banks will have then to comply to those national laws. Therefore they will have to deploy new, secure, modern and efficient service… HID Approve!

 

WHAT IS HID APPROVE?

HID Approve is a simple push mobile authentication process which combines a public key-based cryptographic and mobile push notifications, enabling customers to simply and securely authenticate and verify all transactions.

HID Approve ensures that the customer who is taking the digital action is always the person authorised to do by a simple swipe to ‘approve’ or ‘decline’. The user interface is a simple, intuitive and powerful service which has been fine grained with a variety of security policies to enable organizations to strike the appropriate balance between the security and usability. All of the security has been verified by testing and auditing all aspects of the service to detect and prevent real-time attacks via the smart device or the application. With also the ability to easily rebrand the interface, organizations can include their logo and color schemes.

HID Approve Illutsration

HID Approve carries a variety of different Security features which all comply with PSD2 including:

  • Customizable password policy
  • Transaction information protection
  • Jailbreak and root detection
  • Runtime application self-protection
  • Secure channel

…And many more! But it’s not just the Security features which HID Approve includes. There are also a variety of User Functionalities including:

  • Public key authentication
  • One-time password
  • Multi-service provider
  • Multi devices
  • Other mobile apps are available to secure physical access

If you require anymore information on PSD2 or HID Approve, then please call Toll free: 1-800-810-4959 or sales@usmartcards.com