ID Global Solutions Corporation (OTC: IDGS), a company focused on fraud management and global payment solutions, announces the launch of IDComplete, its state of the art, encrypted, highly secure, patent pending, real-time, out of band, multi-factor, multi-user, pin-based verification solution.
IDComplete can enhance the security of existing non-chip and new chip cards at the issuer level by providing consumers the ability to authorize card present and card not present transactions in real time using their registered smartphones.
The IDComplete solution operates within the guidelines of existing Cardholder Association rules and does not require any software modifications within the acquiring network or merchant point of sale terminals.
IDComplete utilizes a token vault technology and out of band three factor authentication to enable secure real-time cardholder verification. On a registered smartphone, the cardholder is presented in real-time through a push notification, the merchant's name, transaction amount, and is provided the option to approve or deny the transaction. IDComplete offers equivalent security measures to that of online chip pin block.
Mr. Thomas Szoke, Chief Executive Officer of ID Global Solutions Corporation said, "The goal of IDComplete is to eliminate card fraud, which has benefits for all players in the transaction process including issuers, merchants, consumers, acquiring banks, as well as payment gateways and mobile payment platform providers."
ID Global Solutions Corporation (IDGS)
Fraud Management and Payment Solutions OTC: IDGS
IDGS provides multi-functional secure payment solutions for open and closed electronic payment transaction networks. The company is focused on the growing need for fraud protection and identity verification solutions. IDGS was founded to pioneer key innovative approaches for the development, integration, and delivery of advanced digital identification solutions.
Forward Looking Statements
This news release may contain forward-looking statements that are based on IDGS's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and IDGS undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
SOURCE ID Global Solutions Corporation