Solutions

VALid^® 

VALid® is a telecommunications based multifactor authentication and transaction verification platform that provides protection across multiple electronic banking channels, including Internet, M-banking, IVR /contact-centre, mobile payments and Card-not-Present transactions.

Using patented voice-based Out-of-Band authentication and transaction verification, the VALid® platform combines visible and invisible protection against multiple threats, including Pseudo Device Theft, e.g. SIM Swap and Call-forward Unconditional (CFU) fraud, Man-in-the-Middle and Man-in-the-Browser (MitM/MitB) plus traditional fraud vectors such as Phishing, key-loggers, screen scrapers etc. The solution can also extend to three and four factors through our proprietary biometric voice verification plug-in, VALid-SVP™, and Proximity Correlation Logic; knowing where someone is or isn’t.

All of this protection is available for traditional Internet banking as well as M-banking, where usability is as critical as security. Real-time voice based authentication and transaction verification is the only usable and secure method of protecting M-banking transactions and therefore, the same solution as used for Online Banking, with all the same visible and invisible protection, including Pseudo Device Theft, is provided for M-banking, but configured specifically for mobile banking usage. This means no keying of OTPs into the phone, and even a completely hands-free model using speech recognition if required. Additionally biometric voice verification can also be layered for even greater security.

Whichever electronic channel requires protection, the fully configurable behaviour, customisable down to the transaction level, is designed to be driven by transactional risk and provided in a fully integrated fashion on a single, pluggable platform.

Please click here to find out more about VALid^® 

VALid-POS^®

For card-issuers the world over, one of the greatest challenges faced is cross-border fraud committed at ATMs and Point-of-Sale (POS) devices. Whilst the actual fraud losses are significant, of equal if not greater concern, is the resultant impact caused by high decline rates. False-positives (declining legitimate transactions) are a major problem and can account for as much as 90% of cross-border card-present declines. This results in lost interchange fee revenue, high costs of fraud case management and inconvenienced customers.

VALid-POS® is a telecommunications based security solution aimed specifically at card-present fraud detection and resolution. It is primarily aimed at cross-border fraud, but can also operate domestically using different techniques depending on the country of issue. In cross-border mode, VALid-POS® can not only detect potentially fraudulent transactions in real-time but critically, can also identify legitimate transactions with an extremely high degree of accuracy, potentially reducing false-positive rates to single digits. Reducing false positive volumes is the cost-effective way to increasing fraud discovery, reducing operational costs and providing cardholders with a vastly improved customer experience when transacting abroad.

Using patent-pending Proximity Correlation Logic; determining the proximity of a card-present transaction to the cardholder’s mobile phone, VALid-POS is invisible to the cardholder, operates sub-second, does not use traditional Location Based Service technologies such as GPS or Lat/Long resolution and has been awarded a European Privacy Seal for compliance with EU data protection law.

The same Seal also covers the patent-pending domestic-based Anonymous Correlation System, a neural solution based on ATM, POS terminal and mobile network correlations.

Click here to learn more about VALid-POS^® 

Click here to find out more about our received European Privacy Seal for VALid-POS^®

VALid-SVP™

VALid-SVP™, the VALid Speaker Verification Platform, is ValidSoft’s proprietary voice biometrics solution, based on a completely modular and pluggable architecture, which allows organisations to easily integrate voice verification into the broader VALid® authentication platform. VALid-SVP™ is a leading-edge voice biometrics engine that supports text-dependent, text-independent and conversational voice verification (biometric plus knowledge) models.

It includes a full enrolment module, incorporates liveness, replay attack, synthesis attack and Pseudo Device Theft detection, and operates on any channel the VALid platform supports, including Internet, mobile, IVR and contact-centre.

VALid-4F™

VALid-4F™ is the four-factor implementation of VALid® and was the world’s first commercially available four-factor authentication solution utilising a single integrated platform. Four-factor authentication comprises the traditional factors of “something you know”, “something you have” and “something you are” with the additional dimension of “somewhere you are”, or more importantly, “somewhere you aren’t”.

Valid-4F™, apart from having a fully integrated proximity engine based on ValidSoft’s patent-pending Proximity Correlation Logic, also boasts its own biometric Voice Verification engine; VALid-SVP™, providing the highest level of user authentication available through its use of text dependent, text-independent and conversational voice verification. Coupled with its Out-of-Band authentication and transaction-verification model, including invisible Pseudo Device Theft detection, VALid-4F™ can provides all four authentication factors utilising a single consumer device, the mobile phone.

VALid-4F™ was also awarded a European Privacy Seal during 2011, attesting to its compliance with EU data protection law for both its use of biometric voice verification and proximity correlation logic.

Click here to read a case study on how VALid-4F™ is being used for a European government self-certification programme



Click here to find out more about our received European Privacy Seal for VALid-4F™