N26 has announced the introduction of a 3D secure solution to make online payments even safer for its customers.
N26 has built a proprietary risk model to categorise transactions and, when necessary, request additional verification from the customer, without them having to remember another password.
With the first native app integration of MasterCard SecureCode, N26 continues to search for ways to improve the banking experience via technology.
The improved security will be available for all N26 customers in all markets who use the iOS or Android app versions 3.5.
From now on, every e-commerce payment made with an N26 MasterCard will go through an instant evaluation using the company’s proprietary risk model.
“User-experience and security do not have to be mutually exclusive,” said Valentin Stalf, founder and CEO at N26.
“We maintain the highest standards of security and guarantee convenient banking from anywhere at the same time.
“With our 3D secure solution, we make more security possible with just one extra tap directly in the app.”
Andreas Spengel, vice-president of MasterCard, added: “The partnership between MasterCard and N26 is a source of great innovation.
“By implementing MasterCard SecureCode, N26 adds another cornerstone combining security with a smart user experience.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Masthaven teams up with Intrinsic Financial Services
Masthaven has announced a new partnership with Intrinsic Financial Services as the bank looks to enable more brokers to access its range of residential mortgages.
Cambridge & Counties refinances Oxfordshire nursery
Cambridge & Counties has refinanced an Oxfordshire nursery, which is creating 50% more places for local children.
How important are brokers in the specialist banking market?
Brokers are an important channel for newly launched banks, a number of industry professionals have claimed.
BFC Bank enters UK market
BFC Bank has launched into the UK banking market offering financial services to UK SMEs.
Liam Fox launches GREAT Innovation in Action Awards
International trade secretary Liam Fox has launched the GREAT Innovation in Action Awards to find the best partnerships between UK and Asia-Pacific companies.
Teachers Building Society names new board of directors chair
Teachers Building Society has named Julie Nicholson as the new chair of its board of directors.
Church of England introduces contactless payments
The Church of England has introduced contactless, virtual terminal and SMS mobile payments to over 16,000 churches, cathedrals and religious sites across England.
FIBA workshops to feature live deal room
The Financial Intermediary & Broker Association (FIBA) has announced that its upcoming regional workshops will give brokers the chance to interact with partner lenders in a live deal room.
Metro Bank to enter Scottish mortgage market
Metro Bank has announced that from 5th April it will be expanding its mortgage business into Scotland.
Do challenger banks need to collaborate on Open Banking?
Collaboration between challenger banks on Open Banking could be a powerful message to consumers and the established players, according to an expert at a recent event.