Sentenial, the pan-European Fintech leader, recently announced that it implemented Natural Security’s strong authentication standard in its Nuapay solution, enabling shoppers and merchants alike to benefit from the use of simple and secure direct debit transactions.
“This announcement confirms the operational readiness of our authentication standard and its suitability for making all electronic transactions possible” commented Cédric Hozanne, CEO of Natural Security Alliance. “Now direct debits can also benefit from the simplified user experience that makes transactions quick to carry out while guaranteeing explicit user consent.”
Natural Security’s standard resolves the perceived complexity of making a direct debit by applying the “one-click” approach to a wider variety of scenarios. A testament to how easily end users can perform transactions, this approach also facilitates business for service providers by reducing the number of abandoned transactions.
By adopting the Natural Security standard, Sentenial has expanded the scope of Nuapay making it accessible for face-to-face direct debits at a physical the Point of Sale.
Nuapay finally offers an innovate alternative to payments using credit transfers or cheques. This Cloud based ACH solution provides a fit for both small businesses wishing to start with direct debits as well as for bigger players looking for improved payment service at the best price. Nuapay’s platform processes payments in 34 countries (the SEPA Area).
Brian Hanrahan, CCO of Sentenial states ‘’As a Fintech industry leader, we want to offer our customers the highest security standards to give payers confidence and to reduce the risk of fraud. Being a member of the Natural Security Alliance cements Sentenial’s position as an innovator in payment processing by introducing direct debit transaction at the point of sale.’’
Natural Security’s standard defines a strong authentication method that combines biometrics with a personal device to provide security:
- For authentication data associated with the use of a dedicated personal device for transactions.
- For all data exchanges during transactions.
- That relies on biometrics associating the personal device with its owner.
Sentenial and Natural Security recently presented their joint solution at MoneyConf in Belfast last Monday 15th June.