PSD2 Secure Transaction Approval
Secure Transaction Approval
Secure your banking transactions
Online banking and most business processes require controls and approvals. It could be for a large financial transaction, a simple work expense reimbursement or procurement approval.
In banking, these have been traditionally managed using One-Time Passwords (OTP) or PIN codes and in business applications with simple username+password authentication.
These mechanisms are now insufficient to meet today’s regulatory requirements, security and usability expectations.
Secure your transactions
Strong customer authentication entails an authentication based on two or more elements categorized as:
1. Knowledge: something you know
2. Possession: something you have
3. Inherence: something you are
They must be independent of each other, meaning that acquiring one factor does not compromise the other. RCDevs OpenOTP helps you meet the PSD2 requirements whilst making your business processes more efficient and user-friendly.
Dynamic linking integrations
Easy to use API
Compliant with PSD2 SCA and Dynamic linking requirements
One solution for multi-factor authentication and secure transaction approval
Online communication using end to end encryption
Offline communication using encrypted QR code when the phone does not have a network connection
Online access to payment accounts
Initiating electronic transactions
Anything done remotely which presents a risk of payment fraud
Provisioning of information through a service provider
Choose the method that best suits you