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What is Multi-Factor Authentication? Why should I use PowerFactor’s MFA solution?

Digital application providers need secure ways to authenticate user identity online through their digital channels; this is a feature that positively differentiates companies over their digital processes. You can enable the most secure authentication methods through the PowerFactor MFA solution to your application. The solution provides to enhance security by providing users with only the access they need - nothing more and nothing less. They can only access by providing something they know (password) and something they have personally (mobile phone).

Can I use single password to authenticate my users?

Single-password authentication remains one of the most widely used mechanisms to protect various online systems against unauthorized access. With PowerFactor’s single password sign-in, your customers would need to remember only one password with high-security protection.

Which platforms is PowerFactor SDK supported / usable for? What capabilities does it add to my product?

We have SDKs both for iOS and Android platforms. With PowerFactor SDK, digital application providers can use Soft OTP to get activation and verification of their users. To start, complete, delete a transaction and check transaction status can be managed by SDKs. Also, our user management feature includes device activation, login/logout processes, getting user list, changing a user’s pin, and deleting a user.

Does PowerFactor help to decrease my user authentication costs?

The widely used OTP authentication protocol is a less secure and costly method compared to PowerFactor. Since PowerFactor does not require an SMS to be sent to the user, you will not have SMS costs occurring in every transaction. So, you can eliminate your SMS costs.

Can I approve Secure Transaction with PowerFactor?

Multi-channel management allows you to reach your users on their preferred channels and various points throughout the customer journey. PowerFactor provides a solution to manage multi-channel to understand and organize all the touchpoints where your users interact with your application.

Can I manage multi-channel with PowerFactor?

Multi-channel management allows you to reach your users on their preferred channels and various points throughout the customer journey. PowerFactor provides a solution to manage multi-channel to understand and organize all the touchpoints where your users interact with your application.

Can I detect and monitor frauds with PowerFactor?

Fraud detection supports digital application providers’ business decision making to supply their application security processes. It is a part of PowerFactor services and provides resources to effectively protect your application.

Can I meet the requirements of BRSA legislation with PowerFactor?

PowerFactor MFA solution can satisfy BRSA compliance and audit requirements.

Is there a Management Portal to serve digital application providers?

PowerFactor Management Portal provides a framework used to manage and control user authentication. Journaling, monitoring, and reporting functionalities of the applications are provided to digital application providers can manage by PowerFactor super admin panel.

Can PowerFactor SDK help me Application Security concerns?

PowerFactor provides to improve the application security posture for digital application providers to eliminate the risk of malicious users accessing business-critical systems. MFA Solution provides a second layer of authentication to ensure the person is really the one who claims to be. PowerFactor helps you to protect your most sensitive information and increases your organizational efficiency and agility by ensuring that the right user has the right access to the right resources for only the right amount of time.

Can PowerFactor MFA solution be used a cloud based or on-premise software?

PowerFactor on premises or cloud solution is available. You can Extend identity governance capabilities with PowerFactor SaaS solution and reduce time to onboard your applications. PowerFactor SaaS solution allows user to connect to and use authentication management services from the cloud. Also referred to as cloud-based MFA governance, the shift to deploy Identity as a Service (IDaaS) began several years ago and was led by companies with a “cloud first” IT adoption strategy.

Can digital application providers access application logs and performance metrics?

PowerFactor’s digital application providers can display the authentication status of an application with a dashboard view and produce detailed reports for discovery. With the log management feature, you can easily pinpoint the root cause of any application error. Another advantage is having a visual overview of how your application is being used by your users. PowerFactor provides full visibility to digital application providers. The super admin can monitor the logs who accessed when for what purpose and from where.

It is not worth taking the risk.
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