Cut fraud
$24.26 billion lost to card and identity fraud worldwide in 2018
In both consumer and merchant services, Nuggets is invaluable for banks.
For consumers, we provide secure access, communication, verification and payment. In merchant services, Nuggets delivers extended privacy, security, fraud reduction and Strong Customer Authentication beyond the baseline on every transaction.
Trust – through secure access and communication – is imperative for modern banking. But all too often it’s a one-sided trust customers have no way of proving that the communication really is from their bank.
Combine this with the rise of fraud in the form of push payments, unsecure 2FA, social engineering and identity theft, and it’s clear we need a fundamental change. Nuggets is that change.
Nuggets minimises regulatory and reputational risks. It also reduces losses from fraud, false positives and fraudulent chargebacks. And increases revenue. All with the privacy and security of blockchain.
$24.26 billion lost to card and identity fraud worldwide in 2018
$331 billion lost or passed up through false positives worldwide in 2018
These make up 42% of retail fraud losses
One biometric verification. No more usernames or passwords at any level
Customers can use various methods, including credit and debit cards or cryptocurrency. Without handing over personal data
Customers earn rewards and value when they choose to share data with you
Trusted and verified transactions mean more payments go through, with more peace of mind for you
Customers can be assured you’re genuine, and can confirm their identity to you
Available on Android and iOS, and across mobile, desktop and multiplatform
Nuggets users build up a trusted profile as they complete transactions. This proves they’re good actors in the network, and their payment methods are good
General Data Protection Regulation (GDPR), Second Payment Services Directive (PSD2), Federal Trade Commission Act (FTC Act) and California Consumer Privacy Act (CCPA)
Easy and secure API and Container integration
You no longer have to question or prove transactions
Do away with weak password, SMS and email verifications
All participants are verified, and a reputation network
Integrate easily with existing products and systems
A courier can deliver a package contact-free, by pinging the customer’s Nuggets app. The customer just verifies their ID biometrically, and confirms the delivery
Nuggets is simply safer. And because there are no usernames or passwords, there’s no chance of anyone accidentally compromising them
Remove the cost and the responsibility of holding personal data
Verified login, payment or ID
Works with businesses' choice of KYC
No possibility of a man-in-the-middle attack
Through the use of open standards W3C Verifiable Credentials (VCs), Decentralised Identifiers (DIDs), DIDComm Messaging (DIDComm), Key Event Receipt Infrastructure (KERI). Nuggets truly enables global interoperability as a Self-Sovereign ID (SSI).
Verified Identity and Payment for PSD2 Strong Customer Authentication on every transaction, beyond
the baseline
Verfied identity and device biometric fingerprint recognition
Verified trusted device, App and identity via ownership of private key signing and verifying
Multi Factor authentication, Private Key, Stored ID elements and Proof of Good Actor on every payment big or small
Nuggets is a white-label identity solution. Deploy it the way that makes sense for you and your customers. It integrates with compliance processes, payments and your customer experience.
Consumer-grade and enterprise-ready.
Nuggets is available on Android and iOS, desktop and multiplatform.
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