Bank "MBA-Moscow" introduced PayControl for legal entities

2024: PayControl implementation for legal entities

Bank "MBA-Moscow" has launched a safe way to confirm operations in the system of remote banking services of legal entities and individual entrepreneurs - PayControl. This is a solution developed by the Russian company SafeTech. The introduction of an electronic signature in the bank's RBS was implemented by BSS. SafeTech announced this on March 19, 2024.

PayControl is a mobile authentication and electronic signature platform that allows customers to easily and securely confirm their transactions in remote banking channels. PayControl provides protection against the main types of fraud associated with "re-release" of a SIM card, phishing, document spoofing, social engineering, etc.

The solution is more convenient and safer than the classic confirmation tools (- USB tockens, SMS and push- codes, etc.). Using PayControl is easy - just click on the screen smartphone and the transfer transaction will be carried out. The payment verification process takes 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.

MBA-Moscow Bank uses a separate PayControl application to confirm transactions and sign documents directly related to MBA-Moscow Business, which is based on the BSS solution.

{{quote 'author = said Vusal Mammadov, Director of Information Technology Department of Bank "MBA-Moscow." | The bank has always been focused on cooperation, primarily with the corporate sector, primarily with companies that conduct foreign economic activity with Azerbaijan. And it was important for us to provide our customers with such a level of service so that they could conduct their operations quickly, conveniently and at the same time safely, because PayControl is the optimal solution for us,}}

{{quote 'author = noted Daria Verestnikova, Commercial Director of SafeTech. | More and more banks in Russia countries CIS are abandoning outdated ways to confirm transactions in the form of push and SMS in favor of convenient and secure solutions. This is not only a concern for customers, but also compliance with regulatory requirements. And we are glad that the bank "MBA-" Moscow also made a choice in favor of PayControl,}}

{{quote 'author = told Vitaly Pateshman, BSS Sales Director. | The security of our RBS systems is achieved through deep expertise in the field of information security, including through a long-term partnership with SafeTech. Implementation of PayControl enables banks to increase customer loyalty,}}