Enhancing consumer experience through secure credentials
Contactless payment popularity with consumers grew during the pandemic with internet
shopping, in-app purchases and mobile wallets usage, prompting demand for virtual payment
cards and the need for robust digital ID and MFA (2FA/OTP). However, incidence of fraud
increased substantially, with the cards industry experiencing higher claims, as well as
denials for virtual (card-not-present) transactions.
Cyberbeat’s Cloud Native SaaS platform on AWS enables cardholders and bank account holders
to protect their login, card and account data credentials when performing virtual payment or
banking transactions in the faceless marketplace with VkenPay App generating Dynamic Virtual
Card representing their existing cards (plastic or virtual).
VkenPay
Dynamic Virtual Card
Cyberbeat’s VkenPay service enables Issuers (banks and Fintechs) to equip business or
individual cardholders to securely generate Dynamic Virtual card token for single payment
for online purchases or recurring payments for Onlinesubscription, in-app purchases, wallet
as well as facilitating crypto and web 3 payments. The VkenPay Virtual Card number
self-destructs can be generated offline to be scanned as Dynamic QR Code, NFC or manually
entered to the payment page, App or device. Payment authorisation by the Card Issuer will be
performed on their original cards or accounts without the need to change existing
authorisation rails.
Easy integration into existing mobile banking apps via SDKs
Backend integration for card verification via restful APIs
Vken2FA
Offline 2FA (OTP)
Cyberbeat’s Vken2FA service allows organizations to enable their customers to securely
generate offline Virtual Dynamic OTP for 2FA for all of their products and services from a
single APP.
Eliminating reliance on SMS based or insecure in- app based Two-Factor Authentication (2FA).
There are number of security issues being faced both by sender and receiver with SMS
delivery of 2FA and OTP being compromised by scammers.
Vken2FA provides offline generation of dynamic OTP anytime, anywhere, anyplace which self-
destructs at pre-set timer.
Error free – 100% Authentication without delay and retries. Significant cost saving.
VkenSign-in
Digital ID & Passwordless Login
Digital ID and passwordless solutions protect users against password fatigue and preventing access to their personal data and shielding against Account Takeover, money laundering and financial crime
Cyberbeat’s VkenSign-in service is a contactless, easy-to-use, safe and secure solution, that uniquely identifies and authenticates the user, ensuring identity protection and security. VkenSign-in App provides the users the option to generate alphanumeric password at will, instead of remembering and recalling. VkenSign-in offers uses cases for;
- secure and positive access management of digital wallets, banking apps, bank portals, websites, IT systems etc
- Digital ID - allowing users,account-holders & cardholdersto access their accounts’ withoutrevealing their actual credentialsthus avoiding Account Takeover(ATO) crimes.
- No weak passwords in the system, thus eliminating this vulnerability.
- Cyberbeat’s Vken2FA service is used for Two factor authentication after logging in using VkenSign-in for accessing sensitive data or functionality as part of access management.