Financial services & insurance
E-commerce & retail
Security in location-dependent transactions
This makes it possible to strengthen the security of a transaction, for example, when a customer makes a payment through a POS terminal, or performs a transaction at an ATM, by validating that the users location is the same as that of the POS terminal or ATM. In this way, any location-dependent transactions can be verified to reduce the risks related to account takeover and other types of identity fraud.
The digitalisation of transactions is increasing, however, every digital transaction takes place in a real physical space. The Device Location Verification API makes it possible to connect the two worlds, verifying that a users device is actually located where the transaction is taking place.
APIs used