Leveraging ubiquitous mobile technology, Myriad Connect's mobile service enables authorisation of all cheque payments, on any mobile device, to combat cheque fraud and protect banks and their customers alike.
Fraudsters are costing the industry dearly and eroding consumer confidence, so it’s critical that banks implement adequate security measures to mitigate against risk for all stakeholders involved.
A bank seeks to use a second channel (out of band authentication) to authorise a cheque is being paid to the correct recipient and for the correct amount.
Myriad Connect’s service requires no compromise on security, providing the universal reach of SMS, with a level of security beyond that delivered by mobile apps. Myriad hereby provides organisations with an isolated, third party authentication channel on any mobile device providing world-class authorisation, access and authentication services.