BioLOCK payment card security

SoftServe’s BioLock solution takes payment card security to a new level

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Worldwide

LOSSES

Each minute, hundreds of credit cards are compromised worldwide.

$27.85 B

Worldwide fraud losses

33.99%

U.S. portion of worldwide losses

$35.67 B

Projected worldwide losses in 2023

Contactless cardS

 

The contactless feature on payment cards is increasingly becoming popular, mainly because users can easily and more effectively make instant payments. However, contactless cards are not immune to fraud.

 

Instances of thefts relating to contactless cards doubled in just 10 months during 2018, according to Action Fraud, the national reporting centre for fraud and cybercrime.

 

Biolock

SoftServe`s R&D & FS Lab teams have developed a solution making card payments more secure by using bio authentication.

 

 

UNIQUE BIO

Each person possesses unique body bio characteristics.

biolock solution

Payment Card Bio-Authentication uses cutting-edge technology to measure, identify and record individual parameters of human body's resistance to electrical currents. This technology is known as Bioelectrical Impedance Analysis (BIA).

 

BIA technology powers BioLock by analyzing unique bio body characteristics to authenticate the card holder`s true identity.

 

 

The Nilson Report