THE PERMISSION CODE
A better user experience with stronger security.
A new era in transaction signing.
Risks to digital transactions are on the rise via both sophisticated threats and simple fraud schemes. As these risks increase, enterprises are experiencing ever-increasing fraud losses. This forces them to increase their security posture, which often ruins their customer’s experience. In the digital age, attracting and retaining customers of various demographics requires enterprises to deliver excellent customer experience while also ensuring security and trust in each transaction.
The Smart PIN reduces friction and fraud.
The Permission Code® Smart PIN is a transaction signing platform that generates trust in digital transactions while delivering a frictionless experience for users. The Smart PIN enables businesses to protect themselves against increasingly sophisticated misuse of identities, such as man-in-the-middle attacks. It delivers a combination of security, usability and cost of ownership by empowering customers to digitally sign and authorize transactions over any channel at any time.
The Smart PIN holds both identity and transaction.
Establishing identity is not enough these days. The Smart PIN also contains details on the transaction itself. It links the customer’s identity to the specific transaction being requested and authorized. By binding identity to a request, the Smart PIN provides tamper-proof authorization to execute the transaction. As a result, even if a fraudster intercepts the Smart PIN, they can't repurpose it for another transaction or misuse the customer's identity. By including transaction details in the Smart PIN, the risk of fraud is eliminated.
The Smart PIN enables customers to originate the transaction.
By empowering the customer - rather than the business - to originate secure transaction instructions, Authoriti has flipped the model. No longer does a customer have to respond to challenges or receive and return a vulnerable one-time PIN. Since the customer is originating the instruction, they can embed details of the transaction in the PIN. This improves the customer's experience. It allows the freedom to conduct the transaction when and where they want, and the freedom from being challenged by security questions.
An automated process.
Both the customer’s identity and details of the transaction they are requesting are automatically embedded in the Smart PIN.
The businesses receiving Smart PINs make a simple web service call to Authoriti to validate that the PIN is consistent with the requested transaction.
Smart PINs are tamper-proof because they are customer-originated, encrypted and digitally signed before leaving the customer’s device.
Because the Smart PIN is secure, it can safely be distributed through any channel.
Two easy steps.
When we say Smart PINs are packed with data, we mean they literally encompass every aspect of a transaction:
Who - Authentication of the customer’s identity and their account data
What - Authorization of the transaction being requested
Why - The details of the transaction
When - The length of time for which the authorization is valid
Where - Any geographic restrictions to the transaction
What makes a Smart PIN smart?
Confidence that every transaction is authorized.
Benefits of the Permission Code Smart PIN:
Reduces customer friction
For customers: easy to use
For the business: easy to manage
Scales as your transaction needs grow
Integrates with legacy solutions
Delivered as a low-cost subscription service
Supports omni-channel distribution (call center, web, mobile, chat, paper, etc.)
Here are some real-world applications of the Authoriti Permission Code platform: