Worldline [Euronext: WLN] is partnering up with A3BC (Anything Anywhere Anytime Biometric Connection), a French fintech venture that provides with biometric digital ID and data storage protocol, to combine their patented solution with Worldline Authentication.
The combined technologies are protecting mobile phones from intrusion by leveraging two-factor authentication (2FA): possession of the smartphone and inherence (biometric).
With the addition of A3BC technology to Worldline Trusted Authentication, the biometric patterns of every single user are carefully protected. Thanks to this patented technology, all the biometric data are being stored separately from the mobile device. In combination with Worldline Authentication, this technology provides a higher level of security in the form of 2FA. This automatically secures any kind of online payment or transaction from the mobile phone, in compliance with PSD2 and SCA.
Dinesh Ujoodah, CEO & Co-founder of A3BC: ‘We first met with Worldline in March 2020, and we were proud to win a special award during the third e-Payments Challenge by Worldline last September. The kindness and the motivation of the team is what really struck us. We are proud to be working with one of the biggest European payment processors to provide even more security when it comes to digital transactions.’
Fast and frictionless payments
Designed, built and patented to operate in a Zero Trust framework, the solution by A3BC and Worldline enhances security for the customer while enabling fast and frictionless online payments and transactions. Not even a single touch of a button is necessary, as the technology recognizes fingerprints by simply taking a picture of the hand.
‘Fraud is on the rise due to the pandemic, as a recent survey by EY shows. That is why our work with A3BC is so important’, says Claire Deprez-Pipon, Global Product Manager Authentication Services at Worldline. ‘We are now able to add a new layer of security with no friction into Worldline Trusted Authentication and other solutions of Worldline. In addition, it opens new doors to facilitate an even better customer experience and authentication from any devices.’