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Saturday, August 19, 2017

N26
Fintech

N26 offers more security for online customers

Martin Greenland | 16:55 Wednesday 2nd August 2017

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.”

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