When it comes to digital wallet, security is probably your biggest concern.
Because Jeton has to comply with financial regulations, we have very high standards for identity verification. Security is one of the biggest feature of Jeton and this is why we are licensed by the FCA.
The FCA regulates the financial services industry in the UK. Their aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers.
Jeton also uses encryption, and requires users to utilise 2-factor authentication whenever they log in.
Protect your business and customers from fraud and identity theft with our industry-leading security and online fraud protection tools.
Here are some of the security measures we have taken to protect our customers.
– The two Factor Authentication, also known as 2FA, is an extra layer of security that requires not only a password and email address but also something that only that user has on them, i.e. a 2FA code sent to their mobile device through a software security token.
Using an email address and password together with a 2FA code makes it harder for potential intruders to gain access and steal that person’s personal data or identity.
– Every customer needs to pass a verification KYC process. Account verification is an electronic Know Your Customer (eKYC) process performed through Jeton eWallet. By verifying your account, it will help us to get to know you better, protect your eWallet from unauthorised transactions, and you will also be able to utilise all the services provided through the Jeton eWallet service.
– To ensure consumers’ safety, Jeton uses encryption technology known as tokenization. This technology replaces personal card data with a tokenized number so that at no point in the authorization process is any sensitive data exposed. Instead of a credit card account number, a randomized 16-digit number (sharing the last 4 digits of a credit card number) is generated while the real account number is stored in a secure token vault. This temporary number has no use outside the authorization process and has a limited validity. Additionally, if the token is intercepted, it becomes void.
– For merchants and parties that facilitate Jeton purchases, the best protective measure lies in cutting edge IT: payment card industry (PCI) compliance — a security standard that involves crucial goals for attaining and sustaining certification.
When consumers vigilantly protect their identity, and merchants and other parties to Jeton’s payment process maintain PCI compliance, their efforts combine to create an exceptionally high level of eWallet security.
