Get rid of traditional passwords to authenticate critical validation like login and checkout for E-Commerce service. Biometrics has evolved into a secure user identification system that is more convenient and appealing. Unlike conventional security measures, it does not require users to carry an identity card, a token or long passwords to access different accounts. All it requires is their physique or behavioral aspect which completely belongs to them, and they don’t have to carry it separately. By using Anzen ID’s decentralised biometrics authentication customers can login and approve their shopping transactions. This helps enterprises in elimination of card-not-present frauds and credential reuse fraud.
In recent studies done by Google, it’s clear that these methods eliminate identity fraud 100%.
Card skimming and ATM malware have forced banks to rethink consumer fraud protection. When ATM cards, PINs and passwords are stored in one place, hackers can commit widespread account fraud by attacking a single point of failure – the ATM.
The solution is to move authentication keys to the user’s mobile device and enable fully card-less security.
This approach – known as Decentralized Authentication – has enabled banks and ATM manufacturers to provide customers a secure mobile-first banking experience that’s immune to card skimming and account fraud
With Anzen ID, your users can authorize ATM transactions from their mobile device without having to remember pins or passwords.
Anzen ID SDK allows you to provide a secure card-less authentication for your cardholders with a simple app based implementation.
With Anzen ID, your ATM does not require additional hardware to enable card-less authentication and communicates with the mobile device via HTTPS.
By decentralizing user authentication, we can stop mass ATM breaches, eliminates card skimming, and sets the foundation for secure card-less transaction.
For Online Transactions,
Anzen ID provide secure way of approval for various transactions in financial institutions. Decentralised biometric authentication for transaction makes them more secure compared to traditional password based authentication
Functionalities like login to digital wallets, transferring money or cryptocurrency from one to another wallet or another digital destination can be approved using Anzen ID Solutions.
Anzen ID keeps your wallet and transaction safe from various security breaches by using decentralised biometrics authentication methodology.
With Anzen ID, all wallet keys are present on user device, making it unreachable from fraudsters.
With advanced biometric support it provides most secure wallets in the market. Some of the early wallet implementations are already used by thousands of users.
REQUIREMENT #1: USE OF CRYPTOGRAPHIC SIGNATURES TO AUTHORIZE TRANSACTIONS WITH LINK TO AMOUNT AND PAYEE BEING APPROVED BY USER.
REQUIREMENT #2: PROTECTION OF USER’S CRYPTOGRAPHIC MATERIAL FROM UNAUTHORIZED DISCLOSURE.
REQUIREMENT #3: ABILITY TO AUTHENTICATE USERS BASED ON TWO OR MORE OF THE FOLLOWING ELEMENTS: POSSESSION, KNOWLEDGE, AND/OR INHERENCE.
We provide a secure and convenient approach to meet the authentication requirements as defined in the EBA’s final draft Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA).
The RTS describes the principles of multi-factor authentication and authentication code generation to support strong consumer authentication for PSD2.
With Anzen ID, your PSD2 needs are addressed by solving the underlying problems of credential reuse and fraud that are caused by centralized passwords.
By eliminating centralized passwords, Anzen ID provides a fast and easy way for you to achieve PSD2 compliance for strong authentication of user logins and cryptographically signed transactions.
Let’s try how does Anzen ID works?