Risk based authentication
BORICA AD provides the opportunity for financial institutions - issuers of bank cards, to provide their cardholders with risk-based authentication (RBA) for e-commerce transactions with the following results:
- Allow – direct approval (frictionless process)
- Challenge – detailed identification of the client’s identity is required. The cardholder should use a two-factor method to confirm the payment - entering a static and dynamic password or using a biometric feature for authentication (fingerprint or facial recognition)
- Decline – the transaction is rejected
The service covers the requirements of the Card Schemes and ensures the implementation of the options provided for in Articles 10–20 of Regulation (EU) 2018/389.
Risk-based authentications (RBA) lead to increased customer satisfaction through so-called frictionless transactions, where authentication is not required from the customer in cases approved by the issuer. At the same time, the service also increases the level of security by allowing transactions to be rejected at the authentication stage.
