The technology Jeton and other digital wallets are using is transforming the payment system around the world. Mobile-based applications are dominating lifestyle including the daily purchase of goods and services. The emergence of digital wallets contributes to the further development of e-commerce and enhances retail payment system by offering fast, easy and secure payment process. It supports the global move towards cashless societies. Here is how Jeton’s technology is enhancing the ease and security of digital payments.
Biometric Authentication
When it comes to the matter of money, transfers, and finance, security is always paramount. Jeton has been using various security measures to ensure that no fraudulent activity takes place. This is why we have implemented biometric authentication.
Biometric features are nothing but unique biological and physical characteristics of an individual that can be compared against the authorised features stored in the database.
There are different types of biometric authentication like fingerprint scanners on your smartphone. Fingerprint is an individual’s most unique form of identity. Even twin siblings have different fingerprints on their hands. This makes fingerprinting highly reliable.
Another use of biometric authentication is the use of facial recognition. The facial recognition technology is already operational in many smartphones. However, it does struggle in comparing faces when it views them from different angles or differentiating between people with similar looks.
Top-rated Security Powered By AI And Machine Learning
Security is the most crucial element whenever it comes to payment. People will always prefer using a payment method that has a high security. That’s the reason why payment technologies won’t be able to go forward without developing a top-grade security.
E-wallets like Jeton receive a lot of customer details and payment data each day. And to detect all the possible threats within seconds, we are now taking the help of machine learning.
Machine learning is the first step you need to complete to achieve artificial intelligence. Banks continuously feed their software with different and new transactions. The software takes a set of limited transactions and learns to detect fraud transactions in real-time. As the software receives more and more transactions, it keeps getting better at identifying the fraud transactions.
Crypocurrency Integration
Regardless of the ups and downs of the market, cryptocurrency wallets have redefined the digital payment market. With Jeton you can safely deposit and withdraw cryptocurrency.
Undoubtedly, e-wallets like Jeton are the long run. Within the coming years, cost strategies will probably be transitioning from physical money to digital cost strategies. Earlier than the transition ends, quite a lot of new tendencies will seem and disappear. These future tendencies will play a vital function in defining the long run cost strategies.
Jeton allows users to exchange money, make secure money transfers and online purchases. The better way to send money to those you love; simpler, faster, and safer.
