Securing ONLINE Transactions : Protecting the Data of the Online Means of Payment + Balancing Necessity with Tolerance + Implementing Biometrics the right way
Before the advent of online payments, transactions were carried out using dedicated objects, e.g. bank cards with chips. These have traditionally been delivered by issuers – more often than not banks – who rely on tested and certified technologies. However, the development of online payment solutions has led to an increase in transactions carried out with objects not intended for payment, such as computers, cellphones and tablets.
This increase in the means of payment is driven by the fact that consumers today want to be able to access services regardless of their location, the time of day or their device. If a consumer can order any product or service at any hour of the day using their phone or computer, they expect to be able to pay just as easily. While this leads to an increase in access to services for consumers, it represents new constraints for service providers.
Web Fraud Prevention, Digital Identity Market Guide 2014/2015
Seizing the opportunities presented by digital identity transactions and web fraud detection spaces hinges on squaring this increase in access points with secure transactions and personal data. Natural Security Alliance is in the Web Fraud Prevention, Digital Identity Market Guide 2014/2015 from The Paypers to talk about Securing Online Transactions with open Security Standard:
- The Critical Aspects of Securing Transactions
- Protecting the Data of the Online Means of Payment
- Strong Authentication: Balancing Necessity with Tolerance
- Implementing Biometrics the right way
You can download our paper “The Advent of Payment Methods Triggers the Need for Secure Authentication Systems” in the ressource center.