Consulting and Secure Payment Software Development
Softjourn

Secure Payment

Speed, efficacy and security are critical for financial service providers.

We have extensive expertise with vital security features and standards.

Driven by the ever-pervasive “Internet of Things,” new technology from better network connections and AI, to 24/7 access and engagement, has emerged. As a result, increased mobility and the digitizing of fintech services are delivering better user experiences for ACH transfers, intrabank network payments, mobile payments, credit cards, and more. These developments also allow for cyberattacks and fraud to occur at alarming regularity and speed, making them impossible for financial staff with outdated tech to combat effectively.


The fintech industry has improved cybersecurity and risk management by introducing strict policies and regulations. We fully understand
the needs, regulations, and technologies that can shore up potential backdoors or other security issues. Our cutting-edge solutions include 3DS protocols, biometrics, end-to-end encryption, and tokenization. We’ll work with you to quickly identify key points of vulnerability and develop smart, cost-effective payment security solutions that comply with global standards. 


Being proactive is the best prevention. Protect merchants, customers, and your reputation by contacting us today.
 

Softjourn has proven experience with the following security features/standards:

EMV “smartcards”
EMV “smartcards”
These cards with a “smart chip” are becoming the global standard for robust security. Replacing the magnetic strip, the chip generates a new transaction code with every use. This makes the card less susceptible to data being scanned or misused. EMV compliance is a must to minimize fraud liability and we have the know-how to process, secure and store EMV data.
PCI DSS Compliance
PCI DSS Compliance
Payment Card Industry Data Security Standards (PCI DSS) is the benchmark for consumer payment data protection. We provide PCI DSS-compliant technology that lets you securely process, transmit, and store payment card-related data.
3DS
3DS
Typically 3DS payments demand a password to use a payment card. A two-factor authentication (2FA) messaging protocol, it provides a backstop for forgotten passwords. While some view this as a hindrance to closing sales, it helps combat card-not-present (CNP) fraud, often carried out with card numbers hacked from businesses not using any of these technologies.
E2E Encryption
E2E Encryption
End-to-end encryption (E2E), also known as point to point (P2P), prevents third parties from accessing data while it's transferred from one end system or device to another. Data is encrypted on the sender's system or device, so third parties have no way to decrypt it.
HSM
HSM
A hardware security module (HSM) is technology that safeguards and manages digital keys for authentication and provides crypto processing. It’s used at the end of an E2E chain so financial institutions can store and apply encryption keys by way of a tamper-proof device.
Tokenization
Tokenization
When you have specific needs, an option to E2E encryption is tokenization. Where encryption uses a key, here sensitive data is replaced by a meaningless token created, and later validated, by a trusted authority. This process securely performs the transaction with the original data.

Features

PSD2 standards
PSD2 standards

All businesses that store, process or transmit payment card data are mandated to comply with the new PCI DSS directive. In 2019, those working within the EU had two deadlines to meet. The March 14 deadline required banks to deploy dedicated interface (open APIs) to be tested by account information service providers (AISPs) and payment initiation service providers (PISPs). The September 14 PSD2 Regulatory Technical Standards (RTS) compliance required banks to support open banking, particularly security and secure common communications standards. 

 These two mandates mean the European payments industry—which is significantly expanded under PSD2—is controlling and governing activities to assure compliance. If you’re a business that conformed to this compliance, have you done all that you could? We can work with you to define solutions that more effectively use PSD2 requirements to creatively expand your market capabilities. We have deep experience developing and coding APIs, including security best practices to protect your customers’ data.

Behavioral Biometrics and Fraud Prevention
Behavioral Biometrics and Fraud Prevention

Biometric data is used for multi-factor authentication to make payment processing ever more secure. Certainly physical biometrics – such as fingerprint, hand geometry, iris scan, retina, vein scanners and facial recognition – are gaining popularity as a way to unlock smartphones or access sensitive apps. It’s also becoming prominent as a way to verify payments, since it secures data without inconveniencing consumers.

But is it secure enough? Researchers from New York University and Michigan State have proved it’s possible to generate fake fingerprints using neural networks. Besides physical biometrics, we advocate additional behavioral biometrics to make authentication processing even more secure. These include vocal behavior analysis, signature dynamics analysis and analyzing keystroke patterns. We can help with any and all of these solutions.

 

AI-based Fraud detection

There are many emerging technologies to prevent fraud. In particular, anomaly detection is one AI approach that helps identify fraudulent transactions and transfers. Pattern recognition is the process that recognizes patterns using machine learning algorithms. Put another way, it is the classification of data based on knowledge already gained or statistical information extracted from patterns and/or their representation. Our expert team stands ready to help implement such advanced security measures.

 

Some of Softjourn's Financial Clients

PEX
Chromeriver
Icard
UPC
Tekenable HERO
Maegan Logo
UPC: Improving Payment Processing
Secure systems that adhere to regulatory requirements
Read More
TEKenable: Enhanced Data Security
A security monitoring dashboard was created to help the client meet their needs.
Read More
PayPartners: Innovative Prepaid Solution
This solution made it easier to authenticate checks, saving bank employees time and effort.
Read More

What We Offer

Whether upgrading an existing code or creating a new one, the most important expertise we offer is a proven approach to mitigating risk and containing costs.
Often clients don’t know what product they need, but do know the results they want. Our job is to help define the product and develop optimal solutions to get those results.
To compete, our clients continually need to provide new and better services. We have our own R&D Centers – started in 2008 – which uniquely positions us to do just that.
Our developers and illustrators are experts at UI and UX design. They will work with you to understand your needs in going from idea to prototype to deployment faster and at less cost.
Software development has grown exponentially in recent decades. Softjourn is the solution to help you define and develop forward-thinking technology that gets real-world results.
Our core belief is that analyzing and testing is critical because the essential role of software is so important. In the process, our Quality Assurance team helps you create superior products.
Since day one, we’ve been providing application support and maintenance services to each customer on every project. It’s why we’re a proven, trusted partner and reliable asset.

Partnership & Recognition

Inc 5000
Intix
Microsoft Gold Partner
Monax
Top 100
Xamarin

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