New Card-to-Digital Wallet
In the age of mobile payments and digital wallets, ensuring that card credentials are verified is a core requirement for enabling the requisite trust between merchants and consumers. Cardholders will be reluctant to use new forms of payments if they cannot trust that their precious card data is being safely stored and transmitted and merchants will be similarly reluctant to embrace new payment paradigms if they are concerned about fraudulent transactions.
Enter Mitek’s Mobile Verify™. This advanced identity verification addresses end user concerns relating to card provisioning over the air and the manual entry of card data into web forms and apps. From a merchant standpoint, the integrity of card data is more robust, reducing declined transactions from input errors. The win / win of enhanced information security and accuracy of data increases trust and the likelihood of recurring business.