Card fraud cost businesses and consumers over €2 billion in Europe last year. As criminals become more sophisticated, traditional card security measures are struggling to keep up.
The Card Security Problem
Card details can be stolen in numerous ways:
- Data breaches at retailers
- Skimming devices on ATMs
- Phishing attacks
- Lost or stolen cards
- Card-not-present fraud online
How Pay by Bank is Different
With FacePOS and Pay by Bank technology, there are no card details to steal. Payments authenticate directly through your banking app using biometrics or secure credentials you already trust.
Multi-Layer Security
Bank-to-bank payments benefit from:
- Bank-grade encryption: Your data is protected by the same security as online banking
- Biometric authentication: Face ID or fingerprint verification
- Real-time fraud detection: Banks monitor every transaction
- Regulatory compliance: PSD2 and Strong Customer Authentication (SCA)
The Business Impact
Reduced fraud doesn't just protect your bottom line—it builds customer trust. Customers feel safer paying when they know their information isn't being stored or transmitted in vulnerable ways.
PCI-DSS Compliance Made Easy
By not handling card data, businesses using FacePOS dramatically reduce their PCI-DSS compliance burden. Less compliance overhead means more time focusing on your business.
The Future is Secure
As payment security evolves, card-based systems are increasingly seen as legacy technology. Bank-to-bank payments represent the secure, fraud-resistant future of commerce.
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