Teddy ID

Banks in the future will refuse SMS notifications to the clients because it expensive, inconvenient and unsafe. Confidence in it was stated by the director of the company Matrix Platform Churyumov Anton, presenting in February, 2015 a product – TEDDY ID - service of authentication of users and authorization of payment transactions in Internet or mobile banks through the special application installed on mobile phones of clients. He allows to confirm also 3D-Secure transactions without application of one-time passwords which the bank sends to the client on the SMS channel.

TEDDY ID analog – the Transakt system is implemented for confirmation of financial transactions in one of the largest banks Credit Suisse of Switzerland.

The director of the company Matrix Platform Anton Churyumov noted that traditional methods of confirmation of transactions have a number of the essential shortcomings affecting convenience of their use and security. In particular, the mobile number of the subscriber can be intercepted by malefactors. Also data of the SMS can be stolen at numerous intermediaries – telecom operators and SMS aggregators.

Moreover, use of the SMS - it is simply inconvenient for confirmation of transactions and requires considerable finance costs.

"Now the prices of the SMS begin with 50 kopeks, in 10 times more, than few years ago. It is important because during the intercrisis period many banks increased the traffic of the SMS many times. Now it is necessary to pay dearly for it", - Anton Churyumov noted.

Actually new service will replace confirmation of transactions through the codes sent in Sms. Thus, payments in Internet banks will become more convenient and at the same time safe. Banks will be able to save on sms to clients.

A system as follows works. At user login in Internet bank or at authorization of payment transactions of Teddy ID sends a request for the screen of the mobile device in which it is required to confirm transaction. Further the user clicks "Yes" on phone. Any codes, any SMS. Safety is ensured by confirmation from the second independent device — the mobile phone on which the client sees the original content of transaction.

Transfer of data between the client device and bank is performed via a secure channel. In the Teddy ID system there are no intermediaries between bank and the client that excludes interception of financial information, significant for the client.

TeddyID password manager

TeddyID (for the companies)

The system of protection against unauthorized access for the companies using cloud solutions. In a system passwords are not used, and 2 factors of protection are applied: the computer and phone with a special application. It allows to provide reliable protection, to reduce losses from idle times because of the forgotten passwords, to reduce costs for recovery of passwords.

TeddyID (for cloud providers)

The Besparolny system of data protection of clients of the customer from unauthorized access, using 2 factors for security. As which act: the computer and phone with a special application. TeddyID (for banks) The system of confirmation of transactions by means of phone with a special application. A system is unrolled directly on the customer's server, the application is branded or embedded directly in the application of bank.