The necessity for secure digital authentication and identification prior to the execution of financial transactions in retail has surged. This is a result of recent years' developments including the steady increase in online shopping and digital services, as well as environmental changes, such as the pandemic.
Protection against unauthorized access to customer accounts and data, financial services and applications is essential. This includes enhanced security for cashless payment transactions at the point of sale or online, whether they are made with payment cards or mobile devices.
The required levels of security can be achieved by reliable identity and access management, protecting and securing digital endpoints, for example; devices, point of sale, and applications. This includes protection of digitally exchanged data and authentication of digital entities.
The corresponding solutions offered by UTIMACOs competitive portfolio secure authentication and identification processes and enable secure financial transactions in retail.
Authentication and Identification for Financial Transactions
Key Injection
Secures payment processes and identities of smart devices by injecting keys generated by HSMs.
Identity and Access Management
Efficiently protects devices and data against unauthorized access. This is crucial to ensure security and compliance in today’s environment. Identity and Access Management provides significant benefits in terms of security, transparency, and manageability.
Tokenization
Replacing sensitive data with non-sensitive tokens enables secure business operations without sharing sensitive information.
