Security

Security is the quintessential condition of today’s mobile transactions. Developing Margento security has been driving focus:

• No data is required to conduct transaction is stored on a mobile phone; all server based
• Mobile phone does not hold money, lost phone does NOT mean loss of $
• PIN protected accounts: Client must have phone and PIN to access account
• In case of a lost/stolen phone: client cancels his/her number with mobile operator; Margento service is immediately disabled
• SIM card is hard to clone, cloned SIM cannot coexist with original SIM in mobile network
• Real-time authorization
• User identity and account information remains confidential – never revealed to the Margento terminal / merchant