Russian Standard was implemented by PayControl in Internet and mobile banks

On July 9, 2019 Skolkovo Foundation reported that the Bank Russian Standard released update of Internet and Mobile banks for settlement and cash services of business (RKO). In upgraded version the solution of the resident of Skolkovo Foundation of SafeTech company for the electronic signature in the smartphone is implemented. The PayControl technology allows clients to confirm the transactions with the high level of security and convenience.

PayControl gives to the user an opportunity to be convinced of correctness of data of transaction or the electronic document and to create the signature irrespective of the used device. After formation of the payment document information on the carried-out transaction is output on the smartphone screen where the client one touch to the screen can sign the document with the electronic signature.

This approach is simplest in use and is comfortable for legal entities as it does not require additional scratch cards or USB tokens, does not depend on existence of a signal of cellular communication and speed of delivery of the SMS.

We have wide experience in information security support of digital-channels. The bank Russian Standard very professionally approached a question of start of signing of documents using the solution PayControl and made really safe and convenient service for the clients,

Our bank always imposes high requirements to functionality, convenience and safety of remote service of the clients, told Inna Yemelyanova, the director of the department of acquiring of Bank Russian Standard

The implementing solution PayControl in Bank Russian Standard reflects the general trend of the market — transition from use of the SMS and Push-notifications to more convenient and safe signature of electronic transactions and documents in mobile devices, commented Pavel Novikov, the director of competence center of Fintech & Blockchain of Skolkovo Foundation