The ActiveAccess service is compliant with authentication protocols issued by Verified by Visa, MasterCard SecureCode and JCB J/Secure, which are designed to reduce the risk of unauthorized use of accounts, known as phishing, by authenticating the true cardholder when purchasing online.
Two factor authentication is a security process that confirms user identities using two distinctive factors – a password and a personalized item, usually a one time number generating device or smart card.
ActiveAccess has been developed to be device independent, providing a bank with the ability to use a variety of available devices such as one-time password tokens, mobile phones or CHIP-enabled cards, said Bahram Boutorabi, GPayments’ founder.
He added that to facilitate the implementation and cut costs, the company has also developed an application to reside with the bank’s internet banking website, which handles the communication between the internet banking system and the authentication platform.
The new module is device agnostic, allowing banks to select their preferred authentication device by weighing up the balance between user preferences and convenience, security and cost. It also offers reporting and customer management tools, which provide facts about customer online authentication activity.
Content from our partners
