NEOBANKS ARE SETTING NEW CARDS STANDARDS ON THE MARKET WITH THE RISE OF VIRTUAL CARDS.
More and more users are expecting to have the virtual version of their physical payment card to shop online. Some of them consider it as a back-up of the physical one, others go for a digital card only for a full digital and mobile user experience.
THE MOBILE DISPLAY OF HIGHLY SENSITIVE BANKING INFORMATION IS A KEY NEED FOR BANKS.
To enable e-commerce payments through digital cards, banks must be able to display the card number to the client, a highly sensitive information. In order to do so, the displaying banking app must be PCI-DSS compliant (one of the world’s most stringent security standards). Such PCI DSS requirements for banks’ apps mean very high security constraints and can unfortunately limit agility and innovation.
ENTRUST (FORMERLY ANTELOP SOLUTIONS) ADDRESSES THIS NEED THROUGH ITS NEW SECURE INTERFACE SOLUTION, A SECURE IOS AND ANDROID SDK WHICH SECURELY TRANSFERS SENSITIVE INFORMATION BETWEEN A MOBILE APPLICATION AND THE BANK.
The Entrust Secure Card Display enables:
Card Display: Offer digital-first experience through the secure display of sensitive card details (PAN, Expiry Date, CVV, CVV2), either static or dynamic from your banking app.
PIN Management: Our solution also enables your customers to display and modify their physical cards’ PIN.
Entrust SDK also includes PCI DSS screens.
SECURITY AT ITS CORE:
It requires strong security measures to manage sensitive information, such as card numbers, cryptograms or PIN codes, in a mobile device. Entrust developed end-to-end encryption mechanisms, from SDK to banks’ servers, which desensitize the mobile application and any intermediate servers as they have no way to decrypt or alter sensitive data.
Banks can now simply offer digital cards (static or dynamic) through Entrust secure SDK. Integration is simplified and banks do not rely on Entrust servers for display, but only at initialization stage.
They can build leading UX and multiple digital cards use cases boosting card usage and digital offering.