NICO-Bank secures transactions of corporate clients with mobile electronic signature

2021: Secure Enterprise Customer Transactions with Mobile Electronic Signature

NICO-Bank, together with BSS and SafeTech, launched a mobile bank payment service for corporate customers. This was announced on August 2, 2021 by SafeTech. Customers have the ability to securely confirm their financial transactions with PayControl's mobile signature bank .

The objectives of this project were:

• improving the client path by achieving ease of transaction confirmation on the user's smartphone;
• ensuring a high level of security;
• minimizing financial costs compared to other technologies.

One of the important advantages of the PayControl platform was that its support has already been provided in BSS solutions used by NICO-BANK.

The bank's customers have already appreciated the advantages of the BSS BBO system, created on the basis of the latest generation platform Digital2Go and a mobile bank for legal entities Digital2Business Mobile, a full-fledged mobile office for a large range of customers. Now the security of their payments is strengthened by the popular solution SafeTech - PayControl.

The use of PayControl allows you to resist the most pressing attacks on customers: interception of one-time confirmation codes in SMS and push, the use of malicious software on users' computers and mobile devices. When the payment is confirmed on the screen of the mobile device, the customer sees all the details of the transaction (number, amount, date, account of the recipient, etc.) and has the opportunity to check their correctness before forming an electronic signature. The transaction confirmation code is generated directly on the mobile device of the client. It is tied to the details of this transaction, and even its interception by fraudsters will not lead to theft of funds from the account. An important feature of the solution is also that a mobile signature can be formed both online and offline. Thus, to confirm operations from a smartphone, access to the Internet is not required at the time of operations.

The introduction of the PayControl solution in NICO-BANK mobile bank for legal entities provided customers with the opportunity to easily and safely perform financial transactions:

• on his smartphone without the use of additional devices (tokens or smart cards, password generators);
• without delay and cancellation of operations related to the waiting or non-delivery of SMS and Push notifications;
• Without manual entry of payment details and confirmation codes
• with one hand movement on the smartphone screen.

{{quote 'author = said Alexander Malyshev, Deputy Chairman of the Board of NICO-BANK. |

When implementing a payment service in a mobile bank for business, we had two main tasks - providing convenience for the user and protecting transactions from intruders. That is why we chose a PayControl that is integrated directly into the mobile application "NICO-BANK" Business-online, "}}

{{quote 'author = noted Daria Verestnikova, commercial director SafeTech.|

When we strive to develop digital channels, we always need to remember how to make the client's work not only convenient, but also safe. We are pleased that now NICO-BANK customers have a service in their hands that allows us to solve quickly all business problems with the maximum level of security existing in the DIGITAL channel market,}}

{{quote 'author = added Vitaly Pateshman, BSS Sales Director. |

We have many years of cooperation with NICO-BANK. We have always sought to provide the bank with solutions that can effectively respond to the challenges of our time, actively develop business and compete, help banking customers easily, conveniently and, most importantly, safely solve their business problems in remote channels. PayControl from our partners SafeTech - an excellent solution to enhance safe and comfortable transactions,}}