Our Permission Code® platform gives you the confidence
that every transaction is authorized
High-Risk Transactions
Eliminate fraud with absolute transaction confidence
Transactions over Chat
Provide transaction details before connecting with the agent
Contact Center Communications
1-time PIN authenticates
and authorizes reasons
for the call
The Problem
Today's authentication model for securing financial transactions has failed. Despite innovations such as multi-factor authentication, crimes associated with financial transactions are spiraling out of control and man-in-the-middle fraud is rampant.
A SMARTER, MORE SECURE PIN
The Authoriti Permission Code platform allows users to easily embed unique details in a digitally signed, tamper-proof Smart PIN.
Traditional Multi-Factor Authentication (MFA) is well-known to cyber security practitioners but MFA does not double-check the authorization piece.
In contrast, Multi-Factor Authorization - or MFAz - provides an off-system functionality by which an agent can authenticate a customer's authorization for a secure transaction.
How Authoriti Embraces MFAz
OUTSTANDING CX
ABSOLUTE TRANSACTION SECURITY
Transaction details typically include account numbers, payment amount, and time and place specifications for the transaction.
The Solution
By putting the customer in control of generating and signing their own transactions, the Authoriti Permission Code Smart PIN:
-
Improves the user experience
No passwords, no challenges -
Lowers costs
Simple decentralized service, no complex database -
Reduces fraud
Confirms not just who but what is being authorized
Even if a fraudster intercepts the Smart PIN, it can only be used to execute the original transaction.
By including transaction details in the Smart PIN, the risk of fraud is eliminated.