SDM Bank defended corporate customer transactions using PayControl

2023: Implementation of PayControl

SDM Bank has protected corporate customer transactions with PayControl. This was announced on November 27, 2023 by SafeTech.

PayControl is a mobile authentication and electronic signature platform that allows citizens and legal entities to conveniently and safely confirm their transactions in remote banking channels. PayControl helps to resist the main attacks on bank customers: SIM card reissue, phishing, document substitution, social engineering, etc.

The solution is much more convenient and secure than the classic confirmation tools (- USB tockens, SMS and push- codes, etc.). Using PayControl is easy - just click on the screen, and the smartphone debit transaction will be carried out. The entire payment verification process will take 2 seconds.

PayControl uses asymmetric cryptography, secure storage of electronic signature keys, guaranteed integrity control of the signed document, visualization of data before confirmation, risk of device scoring, etc., which ensures the security of transaction confirmation.

SDM Bank uses a separate PayControl application to confirm transactions and sign documents, directly related to the bank's RBS, which is based on the BSS solution. The team of this company carried out implementation in a credit institution.

{{quote 'author = said Vitaly Pateshman, Sales Director of BSS.|We, as a developer of RBS systems, pay close attention to the safety of banking clients in remote channels. With the introduction of PayControl, payments by corporate clients of SDM Bank in online channels became as comfortable and easy as possible. At the same time, we ensured compliance with the requirements of regulatory documents of the regulator, which has a positive effect on confidence in the bank and its reputation, }}

{{quote 'author = noted Daria Verestnikova, Commercial Director of SafeTech. | More and more credit institutions are abandoning outdated ways to confirm transactions in the form of push and SMS in favor of other convenient and secure solutions. And we are pleased that SDM Bank, which cares about its customers, also made a choice in favor of PayControl,}}