GlobeNewswire

Ondot Introduces Digital Card Services Platform to drive Customer Acquisition, Instant Digital Issuance and Secure Wallet Payments

Del

Card digitization services offers banks a cost-effective way to grow their card base significantly, reduce online fraud and drive online payments volume. Consumer payment journeys are instant, secure and fully digitized

San Jose, June  04, 2018  (GLOBE NEWSWIRE) -- Ondot Systems today announced a comprehensive end-to-end digital card services platform for card issuers to provide seamless user journeys - from invitation to acquisition to instant issuance to secure payments - providing full card life-cycle management associated with the "digital card" in a single platform.

Ondot's digital card services platform enables card issuers to leverage their cardholders base and their social networks to create a viral effect for customer acquisition and use bots to guide users through an interactive application and 'Know Your Customer' (KYC) process. Upon approval, cardholders can complete the onboarding journey with instant digital card issuance and in-app push provisioning into digital wallets. An existing customer can invite a friend, and a new prospect can apply, be approved, onboarded, and start using digitized cards for online purchases or tap-and-pay at stores - all in a few minutes.

Ondot's digital card services platform enables new capabilities for cardholders to instantly create a new virtual card number and control the use of the card to a specified time window, spend amount, location, merchant, and device. Furthermore, the card numbers are associated with dynamic security codes (CVV2) for securing online transactions.

The full suite of capabilities includes:

Digital Acquisition and Provisioning

  • Card issuers can acquire consumers through digital marketing and social media campaigns via one-tap and bot assisted card application flow.
  • Digital KYC validation is embedded into the customer acquisition flow, leveraging the smartphone's camera to provide two-step digital identity verification. Ondot supports multiple partnerships and plug-ins for card issuers' existing KYC solution.
  • Card issuers can create cards digitally for online transactions and in-app provisioning into wallets such as Apple Pay and Android Pay.

Secure Online and Digital Payments

  • Virtual Card Numbers (VCN) provide safe and secure transactions with online merchants - both card-on-file and ad hoc transactions - by masking the true card number.
  • Dynamic Card Verification Value (CVV2) randomizes the 3-digit security code synchronously between the app and backend server to provide an extra layer of security for card-not-present transactions. Issuers can use Ondot's solution or plug-in a partner solution.
  • VCN life cycle management spans issuance, renewal, replenishment, preference management, controls, re-issuance, and deletion.

Cardholder Customization

  • Cardholders can create digital cards linked to their primary card account, and set controls by specified time window, spend amount, location, merchant, and device.

Ondot's platform is built upon a micro-services architecture, allowing banks to design their card digitization strategy and roadmap in stages or all in one go. The solution can be delivered across multiple channels, fully integrated through APIs/SDKs into existing mobile banking apps or utilize Ondot's white label mobile app with custom branding in companion mode. Ondot's digital card services platform supports credit, debit, and pre-paid cards; Visa, Mastercard and closed loop private label cards.

"In a digital-first world where payments are becoming invisible and consumers expect instant gratification, card issuers must attract, acquire, and empower consumers with personalized digital experiences," said Sung-Wook Han, Ondot's Chief Technology Officer. "Ondot provides a comprehensive set of services around the "digitized card", integrating into existing mobile apps, card management systems, and authorization platforms."

For more information, please contact info@ondotsystems.com

Kate Innes
Zonic Group
0044 1672 550123
Kinnes@zonicgroup.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ondot Systems via Globenewswire

Om GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Følg saker fra GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra GlobeNewswire

NexusTours appoints Sham Ganiwalla as Business Development Director for Europe and Middle East21.2.2019 18:25:00Pressemelding

CANCUN, Mexico, Feb. 21, 2019 (GLOBE NEWSWIRE) -- NexusTours is pleased to announce that Sham Ganiwalla has joined the company as Business Development Director for the Europe and Middle Eastern markets. With a career spanning many years in tourism working for companies such as Tourico Holidays and Hotelbeds, Sham has extensive knowledge about different areas of the business, from product and marketing, to performance management and customer service. Reporting to Nadia Younes, Commercial Director Europe & MEAPAC, Sham will bring value to the development of Nexus' projects across the region. Rubén Gutiérrez, President Destination Services of Sunwing, commented, “The addition of Sham, will allow us to accelerate our commercial expansion in Europe and MEAPAC. We know that there are many travel partners that will value our expansion and positioning as regional leaders in destinations across America, our quality of service as “local experts”, as well as the ease of obtaining reservations thr

Segment Launches New Program to Help Early-Stage Startups Achieve Product-Market Fit and Maximize Growth21.2.2019 17:00:00Pressemelding

Startups Will Receive Up to Two Years’ Free Access to Segment’s CDI, Alongside Great Deals for Leading Applications from Google Cloud for Startups, Amplitude, Intercom, Mode Analytics and More SAN FRANCISCO`, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Segment, the customer data infrastructure company, today launched the Segment Startup Program, a new initiative that will provide early-stage companies with the financial, educational and business support they need to reach key product milestones and effectively grow their business. “Having seen thousands of small startups grow into large companies using Segment, we know that even the fastest-growing companies struggle with things such as finding product-market fit, ensuring future revenue streams, and optimizing the sales funnel,” said Ilya Volodarsky, co-founder of Segment. “This is something we certainly experienced ourselves when founding Segment back in 2011, when we were just four friends in a dorm room. Now that we have thousands of custome

PubMatic Launches OpenBid, Bringing Full Strength of Programmatic Monetization to the Mobile App Environment21.2.2019 15:00:00Pressemelding

The Programmatic-First SDK Offers App Developers Benefits of Header Bidding REDWOOD CITY, Calif., Feb. 21, 2019 (GLOBE NEWSWIRE) -- PubMatic, the publisher-focused sell-side platform (SSP) for an open digital media future, today announced the launch of OpenBid, a breakthrough programmatic-first solution that provides app publishers and developers with a gateway to programmatic demand and brand ad budgets. Consumers globally are increasingly interacting with media via mobile devices, and many brand advertisers are turning to in-app advertising to reach this highly-engaged audience. Many are focusing their budgets on automated buying channels such as the open exchange and private marketplaces, with over 90 percent of global media buyers planning to increase their programmatic direct in-app budgets in 2019 (Forrester Consulting). However, many app developers have been unable to fully capitalize on the growing interest from brand advertisers as they rely on legacy mobile mediation partners

Intrinsyc Announces Immediate Availability of Premium-Tier System on Module based on Qualcomm Technologies’ SDA83521.2.2019 13:30:00Pressemelding

Designed for use in XR Applications, IP Cameras, Enterprise Tablets, Medical Imaging, and other Next-Generation IoT Devices VANCOUVER, British Columbia, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Intrinsyc Technologies Corporation (TSX: ITC and OTCQX: ISYRF) (“Intrinsyc” or the “Company”), a leading provider of solutions for the development and production of embedded and Internet of Things (IoT) products, today announced the availability of the Open-Q™ 835 µSOM (micro System on Module) and Development Kit. Intrinsyc’s Open-Q™ 835 µSOM is an ultra-compact (50mm x 25mm) production-ready embedded computing module that is ideal for powering premium performance IoT devices. It is powered by the Qualcomm® SDA835 system on chip (SoC) from Qualcomm Technologies, Inc. “Intrinsyc’s Open-Q™ 835 µSOM is Intrinsyc’s most advanced embedded computing module; enabling the highest combination of computing performance, thermal efficiency and power optimization,” said Cliff Morton, Vice President, Solutions Engin

IMImobile releases unified RCS Messaging API to accelerate RCS adoption for enterprise customer communications21.2.2019 11:09:00Pressemelding

Unified RCS Messaging API and low-code toolset available in IMImobile’s enterprise cloud communications platform IMIconnect will enable businesses to launch RCS customer journeys up to 10 times faster LONDON, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Global cloud communications software and solutions provider IMImobile PLC, today releases a unified RCS Messaging API alongside its low-code toolset, in its enterprise cloud communications platform, IMIconnect, to drive the adoption of RCS business messaging by leading enterprises globally. Rich Communication Service (RCS) has been widely anticipated as the evolution for SMS messaging to deliver rich customer experiences to today’s digitally savvy consumers. According to Mobilesquared, there will be 1.01bn people using RCS messaging across 168 mobile operators globally by the end of 2019. This is expected to grow to 3.23bn across 486 mobile operators by the end of 2023.1 With the release of its unified RCS API in the IMIconnect platform, enterpris

Tenaris Announces 2018 Fourth Quarter and Annual Results20.2.2019 22:29:00Pressemelding

The financial and operational information contained in this press release is based on audited consolidated financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Net cash / debt and Free Cash Flow. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) (“Tenaris”) today announced its results for the fourth quarter and year ended December 31, 2018 with comparison to its results for the fourth quarter and year ended December 31, 2017. Summary of 2018 Fourth Quarter Results (Comparison with third quarter of 2018 and fourth quarter of 2017) 4Q 2018 3Q 2018 4Q 2017 Net sales ($ million) 2,105 1,899