September 9, 2015 -
Online payment and electronic payment firm Ticket Surf International (TSI) has implemented Natural Security Alliance’s strong authentication standard for its digital wallet solution, My E-money Purse.
By adopting the Natural Security Alliance authorization standard, TSI will be able to offer systematic, strong authentication for every transaction by combining biometrics with a connected personal device.
TSI will also be able to provide new functionality for its e-wallet, such as the ability to purchase online pick up in store transactions in which consumers shop and pay online before picking up their purchase in a store, with no bank details kept on the store’s website.
The personal connected device, which was designed by Trust Designer based on the Natural Security standard, features a biometric reader and secure data storage for strong user authentication.
Using the device, consumers will be able to easily, quickly and securely use My E-money Purse to both pay for and pick up purchases.
“Combining biometrics with connected personal devices marks a real opportunity to significantly expand the use of electronic money for payments,” said Frédéric Jeannin, CEO of TSI. “It makes payment fast, easy and safe for users and retailers, while offering merchants potential savings and the chance to develop innovative customer experiences adapted to new uses.”
The My E-money Purse e-wallet provides users with an electronic money account that integrates all of TSI’s payment methods including prepaid Ticket Premium and Ticket Surf codes, and the YesByCash online cash payment system.
Consumers can currently use My E-Money Purse to make secure online payments, and they will soon also be able to use it in local stores.
“Our strong authentication standard is perfectly suited to new payment methods like e-wallets,” commented 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 store 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 pick up in store applications, and make cross-channel transactions available to a maximum of users.”
Previously reported, Sentenial implemented Natural Security Alliance’s strong authentication standard in its Nuapay payment solution.