By empowering the consumer to monitor movements of their funds, SMS Transaction Service can greatly reduce the time to detect transaction fraud and therefore diminish the risk of financial losses.
For a successful consumer adoption, SMS alerts need to be trustworthy, reliable and traceable. TynTec's SMS Transaction Service fulfills these requirements with strict service levels on SMS delivery, privacy of information and an end-to-end control over sent messages.
Prevention against Cyber Fraud
This service provides banks with an effective weapon against credit card and online transaction fraud. In many cases involving identity theft via credit/debit card several months elapse before the victim becomes aware of any wrongdoing. Enabling the cardholder to monitor its account through real-time transaction alerts can greatly decrease the time to identify e-fraud and reduce call centre costs by anticipating transactions inquiries. Possible application fields are:
- Transfer Notification
- Payment Receipt
TynTec SMS Transaction Service will help financial service providers strengthen brand loyalty by ensuring that all involved parties maintain their trust in the payment system.
Reliability and Security for Delivering Transaction Alerts
The TynTec SMS Transaction Service offers a number of advantages over standard SMS delivery for financial service providers.
Trust in Service
- Guaranteed delivery of each SMS within 15 seconds
- Secure delivery - no storage of sensitive financial data in transit
Traceability
- Delivery receipts for each SMS, sourced directly from the user's handset
- Full GSM return codes with precise insight into real-time sending status
Transparency
- End-to-end control over the entire GSM delivery path
- Strict Service Level Agreement
Ease of Integration
TynTec's Enterprise-Quality SMS services are offered through the standard interfaces SMPP 3.4 and HTTP that can be easily integrated over an API to communicate between a payment processing system and TynTec's SMS-Centre. A VPN connection, as well as SLL, is provided for full protection of information transmission from the FSP system to TynTec's SMS-C on request.
International Reach
TynTec covers more than 78% of the mobile world and 99.8% in Europe offering nearly 400 networks in 160 countries.
More Information
Learn more about TynTec's SMS Transaction Service or contact us at:
enterprise-sales(at)tyntec.com
+49 89 202 451 152