iSignthis rolls out smartphone interface for its CNP transaction authentication system

The smartphone interface allows cardholders to authenticate transactions via their smartphone device on a per transaction basis. The features of the smartphone application include creation of an account, based upon the cardholders mobile number, allowing for single click authentication of transactions. The cardholders identity still remains anonymous, with no personally identifiable information requested or stored by Merchant Protect. An account based upon the mobile is created and linked to the mobile only following a successful authentication, ensuring that the mobile number is the primary user identification mechanism, excluding all reference to the credit card number.

Merchant Protect is a patented two factor (2FA), dynamic one time password (OTP) authentication system for card not present credit and debit card transactions. Merchant Protect is an alternative to 3D Secure, and offers a single integration point at a PSP (or acquirer) to allow for authentication of all cards anywhere in the world without the need for card pre-enrolment or user preregistration.