September 30, 2015 -
SesameTouch is based on Natural Security’s strong authentication standard, which combines biometrics with a connected personal device, such as a smartphone or tablet.
The e-wallet solution enables users to order products online, pay and identify themselves easily, quickly and securely when they pick up their purchase in the store.
The product enables users to access many other services such as storing personal data, logins and passwords.
TSI recently previewed its My E-money Purse electronic purse, which works with Trust Designer’s SesameTouch biometric connected device, during Paris Retail Week.
My E-money Purse offers access to all of TSI’s e-payment methods, including an electronic money account, Ticket Premium and Ticket Surf (prepaid codes for online gaming and gambling), and YesByCash (a cross-channel payment method for ordering online and paying in cash in the store).
Natural Security’s strong authentication standard involves the use of a secure personal device, biometrics and various contactless communication methods that enable users to pay and access services, both locally and remotely, with the same user experience.
TSI and Trust Designer, both members of Natural Security Alliance, used this standard to co-develop the e-wallet.
“Our strong authentication standard is perfectly suited to new payment methods like e-wallets,” said Cédric Hozanne, CEO of Natural Security Alliance. “It clearly reflects the user need for simplicity, for example by eliminating the need to re-enter information, while providing the necessary security by offering a practical solution for users who don’t want to save their payment details on e-commerce sites.
“The strength of our standard lies in the fact that it was designed to meet the needs expressed by users and retailers. From this standpoint, the arrival of an e-wallet on a connected personal device owned by the user will open the door for designing new services that are even simpler and more secure. This unique combination will also serve as a springboard for developing buy online pickup in store applications, and make cross-channel transactions available to a maximum of users.”