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Misys launches Misys GeoGuard location-based transaction authorization tool

Thursday 15 September 2011 14:13 CET | News

UK-based global application software and services company Misys has launched Misys GeoGuard, a new service that makes use of location-based social media applications to allow customers to confirm their location to authorize bank transactions.

Misys GeoGuard is a location aggregation service that collates geographic information and enables customers to allow their banks to request their most recent location information, regardless of the services they use.

Built and delivered on Force.com, salesforce.com’s social enterprise platform for custom app development, Misys GeoGuard can be implemented on a bank’s existing infrastructure.

Misys GeoGuard does not provide banks with customer tracking information, but allows customers choose their preferred method and frequency for confirming their location to their banks. Misys acts as a third party - never allowing the bank to be in possession of the customer location.

By leveraging existing social network services that incorporate location information, such as Facebook Places, foursquare, Gowalla and TripIt, customers do not have to access a specific bank service in order to update their bank.

The service can also be offered to a bank’s customers who prefer not to use social networks by allowing integration directly with a bank’s existing channels, such as e-banking and mobile banking. This allows a bank to offer their customers the ability to “check-in” directly with their bank, and not share their location information elsewhere.


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Keywords: Misys, Misys GeoGuard, transaction authorization, location-based authorization
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce






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