Every day, hundreds of thousands of dollars are lost by organizations due to online fraud, and thousands of users become victims of identity theft because transactions are executed on their behalf without their knowledge.
BlokSec's consent-based payment authorization solution allows organizations to enable a step-up authentication and authorization model to curb credit card and payment fraud leading to identity theft.
BlokSec provides a mechanism to request context-specific consent before executing a transaction to ensure that users agree and intend to perform a specific action. This consent driven model offers organizations irrefutable proof of identity and authorization, making the transaction undeniable.
Consent-based authorization can be used to protect credit history checks, online credit card purchases, money transfers, and may other sensitive actions that users may wish to perform.