‘Stronger’ Strong Customer Authentication Boosts Fraud Prevention
Countries that have accepted the use of eSignatures are increasing their service, enabling their companies and other organizations to dispense with traditional ink, pen, and paper signatures. Businesses may also employ technology to enhance their workflow and management operations. A digital signature API enables businesses to gather signatures directly on their website or product for agreements, negotiations, contracts, or legal documents. A company may integrate a secure, trusted eSignature API to sign documents, electronic request signatures, automate forms and data entry, and accelerate signing. Additionally, multi-factor authentication is feasible, as is downloading the sealed papers and following their progress in real-time, all from a website or your app.
Paper documents may not be as secure and safe in the workplace as you believe. Documents may be stolen, destroyed, lost, interfered with, or exposed to other hazards. On the other side, eSignatures provide increased security and safety when it comes to electronically signed papers. Esignature platforms use superior security mechanisms to facilitate the sending, receiving, and storage of electronic documents. Additionally, eSignature systems enable document signing; they also monitor and record the essential evidence related to the e-Signing transaction, which adds a layer of validity and credibility.
A digital wallet is a computer program that can be accessed through eSignature; it securely keeps users’ payment information and passwords for different payment methods and websites. With near-field communications technology and a digital wallet, customers may be convenient and fast purchases. Additionally, people may design more complicated passwords without worrying about their ability to remember them afterward. Digital wallets may be used with mobile payment systems that enable users to make transactions using their cell phones. Also, a digital wallet may be used to store information about loyalty cards and digital coupons.
To know further about ‘stronger’ strong customer authentication boosts fraud prevention, below is an infographic to help you secure private authentication for the future – LoginID.
