PayConfirm is a mTAS solution for smartphones that allows bank’s clients to confirm their transactions in any digital channel (online banking, mobile banking, CNP operations, telephone banking (Private bank), and others) with a high level of security and convenience. Comparing to such methods of transaction confirmation as SMS, One-Time Password, scratch-cards, MAC-tokens and others, PayConfirm makes the process more secure and user-friendly.
PayConfirm consists of two parts: Server part that is implemented into bank’s IT infrastructure, Mobile client or application for smartphones based on iOS (9.0 and above) and Android (4.4 and above). mTAS PayConfirm can be easily embedded into the banking mobile application or work as a customized standalone app.
In the core of a signature, generated by PayConfirm, there are asymmetric cryptographic algorithms, which means that a bank itself doesn’t store clients’ key, while digital keys — so-called “private keys” — are generated and stored in client’s smartphone and cannot be “intercepted” as well as reproduced by any third party.