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Smart E-POS System
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Smart E-POS is the one and only virtual Point of Sale System utilized by online merchants to accept
secured card payments that can guarantee the identity of both the cardholder and the online merchant.
With Smart E-POS, card-not-present transactions are more secure than card-present transactions. Smart
E-POS can work with Verified by VISA or Mastercard’s UCAF/SPA by fortifying both systems method of authentication.
Smart E-POS System eliminates the need for transaction risk-scoring systems and allows an online merchant
to accept card payments from a wider network of consumers validated by Smart E-POS.
Smart E-POS is designed to link to the Smart E-Switch System whenever the registered cardholder is also
registered with Smart E-Switch. .
Smart E-POS makes use of B32Trust’s patent pending system of mutual authentication using a strong multi-factor
out of band authentication method which eliminates phishing, man-in-the-browser and man-in-the-middle
attacks.
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How It Works
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A registered cardholder’s PC automatically starts the B-Authenticated software, a toolbar application
that alerts or prompts the registered user whenever his card details are being used to pay with an online
merchant. It displays a ‘B’ icon in the user’s PC notification area which enables the registered user
to log-in and signal to B32Trust that he is logged onto the Internet and that his PC shows a specific
IP Address/Geolocation. Upon log-in, the registered user is sent a one-time passcode via sms which he
needs to enter using the pop-up log-in applet from B-Authenticated. B-Authenticated validates this one-time
passcode and gathers the user’s PC Forensics.
Whenever a registered card detail is used to pay with an online merchant that uses the Smart E-POS,
the online merchant is able to gather the payer’s PC Forensics and is also able to do an inquiry with
B32Trust to find out if the legitimate cardholder is indeed logged on to the internet. B32Trust allows
the online merchant to do this inquiry only after the online merchant is successfully authenticated
by B32Trust.
Once it is determined by B32Trust that the online merchant doing the inquiry is a legitimate online
merchant, it then checks if the legitimate cardholder is logged on to the Internet. It also matches
the PC Forensics captured by the online merchant to the PC Forensics B-Authenticated captured at the
time the registered user logged on to B-Authenticated. B32Trusts advices the online merchant if the
legitimate user is logged on and if the PC Forensics match.
Smart E-POS is the only system that authenticates both merchant and customer using strong mutual multi-factor
and out-of-band authentication method. The Smart E-POS enables cardholders to authenticate their card
online payments with B32Trust’s server-side OTP system (one time pass codes) regardless of card scheme
label. It strengthens the authentication of other security systems such as Verified by VISA and Mastercard’s
UCAF/SPA. The Smart E-POS automatic validation of cardholder’s IP address, geo location and other unique
event identifiers eliminates fraud committed through phishing, man-in-the-browser and MITM (man in the
middle) attacks. B32Trust ‘s Smart E-POS also automatically links to the SMART E-Switch system whenever
the cardholder is protected by SMART E-Switch. This link enables the automatic setting of a user limit
which unlocks the card account only for that specific card transaction.
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