Benefits of Using Valimo Mobile ID

Benefits of using Valimo Mobile ID

The Need

"Phishing attacks in the United States soared in 2007 as $3.2 billion was lost to these attacks. 3.6 million adults lost money in phishing attacks in the 12 months ending in August 2007, as compared with the 2.3 million who did so the year before." - Gartner

"Mobile Money Transfers to Exceed $5 Billion by 2013" - Juniper Research

"The rising costs and incidents of online fraud means the industry is in search of a solution to secure online banking and card-not-present transactions." - FST magazine

ValimoMobile ID

"Valimo Mobile ID is the market leader in terms of installed base and active users." - Frost & Sullivan

What is a Mobile Signature?

An authentication or signing request is sent to your mobile phone just like a text message. After reviewing the message, you enter a Signing PIN to identify yourself to the handset and create a digital signature of the transaction. No PINs or passwords are exposed over any network. Neither the private key nor PIN can be intercepted, and remain inside a tamper-proof secure element on your handset.

This is two-factor, two-channel security for all service channels, including online and mobile transactions.

Simply, it is your ID online. Secure and convenient. And it is on a device you always carry with you, your mobile phone.

With Valimo Mobile ID you can:

  • Secure online bank log-in and transactions
  • Secure eCommerce purchases
  • Sell and buy shares with non-repudiation
  • Sign online credit and loan applications
  • Sign corporate transactions
  • Make ATM withdrawals without an ATM card
  • Access secure eGoverment services such as tax payments, permits and voting
  • Remotely access health records
  • Conveniently access corporate networks (VPN)
  • Sign documents such as PDF files and email
  • Verify anonymously your age for restricted access
  • Secure mobile contactless (NFC) payment account registration
  • Top-up mobile wallets and other mobile applications

Valimo Combines the Best Security with the Most Convenience:

  • Your mobile phone is always with you so there is no need to carry extra tokens
  • Identify yourself and sign anything with same PIN and same experience
  • Choose your own signing PIN
  • Easier than SMS - if you can send text messages, you can use mobile signatures