Financial services & insurance
E-commerce & retail
Security in location-dependent transactions
The digitalisation of transactions is increasing, however, every digital transaction takes place in a real physical space. The 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.
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.
APIs used