CAPP - Card Authentication Security 1.0
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Free Version
Publisher Description
CAPP Credit App is a prototype mobile app that links debit and credit cards from any bank to the cardholder s smartphone. It uses multi-factor authentication to verify the cardholder s identity when making an online card transaction before any transaction is processed. How it works: At the core, what we do for card users identification is what physical tokens do for online banking. The user first downloads the app and registers their debit or credit card with CAPP on their phone. Thereafter, whenever a card transaction is made online using that card, the user will immediately receive a notification on their smartphone to accept or reject the transaction. Why is it safer and better? Unlike 3D Security, CAPP offers a merchant and country agnostic solution for user identification by linking the cardholders directly with the issuing banks. CAPP is also impervious to SIM hijacks that use SMS One Time Passwords (OTP) because only the user s smartphone can be used to authenticate transactions. Additionally, communication with users via data networks enables CAPP to utilise secure encryption technology for its notifications with read receipt functions to track delivery. Benefits for the banks: CAPP will ultimately reduce fraud rates borne by issuing banks and will have more consistency in the user authentication process. This in turn will reduce the sundry costs associated with resolving fraudulent post-transactions issues. Furthermore, CAPP is cost effective as it sends push notifications through data at a fraction of the cost of SMS used for OTPs. Through CAPP, banks can also send other notifications to its users for various purposes such as online banking activities and offline card transactions. Benefits for the users: CAPP is designed to provide security with minimal friction to the end user. By sending notifications through data, users can use their smartphone for authentication anywhere in the world even if they swap to a local SIM card or after turning off their roaming network (data sent through Wi-Fi). CAPP also provides value added features with an organised transaction log that can be used for analytical purposes such as budgeting, reconciliation and expenses summary. Overall, CAPP provides a consistent user experience and bolsters card security confidence while providing additional benefits to the user.
Requires iOS 8.0 or later. Compatible with iPhone, iPad, and iPod touch.
About CAPP - Card Authentication Security
CAPP - Card Authentication Security is a free app for iOS published in the Accounting & Finance list of apps, part of Business.
The company that develops CAPP - Card Authentication Security is Vigilantech Pte. Ltd.. The latest version released by its developer is 1.0.
To install CAPP - Card Authentication Security on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2016-11-02 and was downloaded 11 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the CAPP - Card Authentication Security as malware if the download link is broken.
How to install CAPP - Card Authentication Security on your iOS device:
- Click on the Continue To App button on our website. This will redirect you to the App Store.
- Once the CAPP - Card Authentication Security is shown in the iTunes listing of your iOS device, you can start its download and installation. Tap on the GET button to the right of the app to start downloading it.
- If you are not logged-in the iOS appstore app, you'll be prompted for your your Apple ID and/or password.
- After CAPP - Card Authentication Security is downloaded, you'll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished you can tap on the OPEN button to start it. Its icon will also be added to your device home screen.
