Datablink, a provider of advanced authentication and transaction signing solutions, has launched a new solution that uses its Datablink Mobile 200 app to prevent fraudulent credit and debit card transactions.
The app will allow credit and debit card providers to instantly validate and confirm transactions before they are completed.
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The new solution involves cardholders and their smartphone directly into a transaction, enabling them to easily confirm or deny a transaction before it is completed.
Additionally, credit card issuers can increase revenue by avoiding temporarily card suspensions by using the Mobile 200 app.
Datablink president and CEO Shlomi Yanai said: "Datablink empowers credit card issuers to proactively protect against fraud while also maximizing card availability for users.
"Mobile 200 is unique in that it creates a fast, secure path between a cardholder and the bank for each and every transaction. It’s a solution that consumers and financial institutions embrace. We inject an element of control where control is long overdue. It’s a win-win for banks and their cardholders."
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