SINGAPORE, Aug. 13, 2013 /PRNewswire/ -- Tarnished by hacking and fraud, the payments industry suffers from widespread security concerns due to a lack of adequate regulation and secure transaction authorization. As a response to the growing concern from acquirers and MNOs, Swiff, the trademark of SCCP Group, offers the most secure and thorough authentication system on the market, rivaled by none and featuring mobile device identification, using a unique password and private-public key encryption method. Simultaneously activating these identification and security measures provides ironclad security exceeding industry standards and bank requirements.
With US patent approval of its unique 2-Factor Authentication (2FA) system this past May, as well as patent approval of France and the European Union (Patent No.FR2011/051008), Swiff is leveraging its secure industry leading technology to build its global business. Obtaining the US patent (Patent No. US-2013-0133086-A1) was an important milestone for the firm, recognizing its distinctive competitive advantage in preventing fraud.
This exceptional authentication technology is one of the Swiff mPOS platform's key differentiating factors and is currently in use with banks safeguarding mobile payment transactions on a daily basis. Our tested and proven security technology played a determining role in the invitation Swiff received to participate in the Visa Ready Program, which is a program aimed at boosting mobile payment adoption worldwide.
By correctly identifying security as mobile payments' battlefield of the future, Benoit Delestre, President of SCCP France, helped Swiff's other founding partners to create an mPOS platform that embeds security and exceeds the standards of any competitor. "Our competitive advantage in this respect is facilitating Swiff mPOS rollout in over 40 banks and financial institutions around the world," explains Jerome Cle, Founder and CEO of SCCP.
Swiff continues to be fully committed to the highest standards of authentication and to further develop our security technology on an ongoing basis, ensuring that we are always one step ahead of any type of threat that could affect confidential data.
For more information on Swiff's authentication, click here.
About Swiff and SCCP Group
Swiff is the flagship of the SCCP Group, a global innovator in secure mobile-based payment technologies. Swiff brings together a suite of end-to-end secure payment solutions to card issuing and merchant acquiring services around the world. Using the company's unique, and fully patented, proprietary technologies in payment processing and authentication, the merchant customers of financial institutions are able to deploy one integrated payment solution. Incorporated in 2010 and headquartered in Singapore, SCCP Group delivers tailored, white-label payment solutions for its customers in Asia Pacific, Africa, Europe, the Middle East, Russia and the Americas.
SOURCE SCCP Group