Providers and Issuers
PayDN allows your customers to use your digital wallet or mobile banking applications to make purchases at all PayDN network merchant locations. This broader acceptance will empower your application and your customer. You will be able to reward their use and build brand loyalty all while keeping your users safe from fraud and identity theft.
-
Complexity
Open to Buy, Chargebacks, Association Compliance, PCI DSS and GDPR. I could go on but you get the idea.
-
Risks
The credit card form factor is an outdated solution that is bad on the environment and easy to exploit to commit fraud.
-
Convenience
Developing a single mobile application is far more economical, environmentally friendly and a far superior way to engage your customer than issuing plastics.
-
Security
The mobile application with its Multi Factor Authentication, Biometrics and Encryption combined with the fact that there is no more Track 2 PCI data and this is far more secure than anything in use today.