Myriad Connect’s authentication service delivers an isolated, third party authentication channel on any mobile device, using Unstructured Supplementary Service Data (USSD). Myriad Connect’s service delivers a real-time check to verify the identity of the customer.
Using USSD authentication, no persistent data is held with any third party, providing a more secure service than current two factor authentication services. A clear audit trail is also established, where the user’s identity is verified by a party external to the transaction.
This results in a technology that will greatly enhance the security of transactions vulnerable to fraud.
A Bank wishes to authenticate an individual attempting to add a new payee to an account
Features | SMS OTP | Module App | USSD Push | Myriad USSD Push |
---|---|---|---|---|
Content interception | Easy | Difficult | Difficult | Difficult |
Data not persistent | ||||
Sim Swap secure | N/A | |||
Secure against ‘man in the middle’ attack | ||||
Mobile device compatibility | ||||
No data connectivity requirement | ||||
Global network reach | ||||
No data connectivity requirement |
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.