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Authtech * Benefits * How it works * Comparison Contact us Follow us LinkedIn ID-LESS WITH LIGHT Authtech is an innovative Lifi mobile authentication technology that uses blinking light signals from camera flash to prove your authority. Contact us WHAT IS AUTHTECH? Authtech was born from the increased need in the market for a secure way to do mobile authentication. Nowadays, more needs to prove your authority are going up due to increasing ‘work from home’ and contactless authentication process. Over the screen, the platforms need more secured authentications, especially in financial, medical and commerce industries including all businesses dealing with personal information. In payment market, with big players like Apple Pay, Google Pay and some payments, the market seems dominated. They use NFC (Near Field Communication) and QR code which are sending fixed type of signal to receiver. That is the risk to be hacked. To solve the security problem, we’ve created Authtech using an emerging technology called Lifi - which involves the use of visible light from an LED to transmit high speed data to a photo detector (mobile camera, webcam). Also, the Authtech works on any types of mobile device with iOS or Android OS. That makes Authtech universal in any types of system including laptop with camera. Authtech is has an issued patent in the territory of the United States. BENEFITS HIGHEST SECURITY LEVEL We provide among the highest levels of security for mobile transactions because each signal sent has a unique blinking combination, making it impossible to hack. E-COMMERCE AND BRICK-AND-MORTAR Mobile transactions are the most convenient when it comes to effectuating payments. Our technology works online and brick-and-mortar business, and does not require additional terminals to receive payments other than a phone camera. NO FEES CHARGED In comparison to NFC technology that charges EMV cards fees for effectuating transactions, we charge no fees. UNIVERSAL IN ANY PLATFORMS Authtech can be applied in different real life cases from authentication to the system by proving authorities to making payments with any types of OS, such as iOS and Android WANT TO PARTNER WITH US? Contact us and we’ll be in touch soon with more information. Contact us HOW IT WORKS (AS A PAYMENT TOOL) SENDING PAYMENTS SEND PAYMENT The sender enters the amount requested for payment. GENERATE SIGNALS The sender generates signals through the flash on their device and points their flash to the receiver’s mobile camera or webcam. CONFIRM The sender receives a confirmation that the payment has been made on the app screen. RECEIVING PAYMENTS RECEIVE PAYMENT The receiver opens the app and clicks ‘Receiving’. RECEIVING SIGNALS The receiver points their mobile camera or webcam to the sender’s flash. CONFIRM The receiver sees the payment confirmation on their screen. APPLICATIONS Authtech has multiple use cases in real life that could add convenience and security Case1. EFFECTUATE ONLINE PAYMENTS Authentication can also be made through the technology, when ID and password are required. Case2. MOBILE PAYMENT TO ECOMMERCE AND BRICK-AND-MORTAR Paying directly from your phone on the online store is now easier by just pointing your phone flash. You can also add payments using cryptocurrency in no time. Case3. PEER-TO-PEER TRANSACTIONS Sending payments between friends by using your mobile device camera flash. You can also virtual currencies like cryptocurrencies in no time. TARGET MARKETS BUSINESS TO CUSTOMER (B2C) Customers can make payments to businesses using their mobile device’s flash. This includes all B2C verticals, online and offline. PEER-TO-PEER (P2P) Users can transfer funds to each other using our technology. TECHNOLOGY COMPARISON Why Authtech is the best solution to all kinds of payment experience Security Convenience Usability Very high. Data cannot be stolen or hacked. Works online and even offline, with no additional terminals required. Contactless and easy to access from your mobile device. Mobile payments Data can be hacked on NFC technology. Additional functions are required on the receiver’s terminal. Distance to payment terminal. QR code High risk of counterfeit. Online and offline but additional program needed for payment. Distance and lightning play an important role in its functionality. Credit card Can easily be stolen and hacked. Depending on the fees, some merchants won’t accept them (eg. Amex) When shopping online, it can be time consuming to input long card data, leading to cart abandonment. Cash Hard to store safely. Using a large number of cash can be inconvenient and risky due to its size. Cannot be used in online shopping, or at merchants who don’t accept cash. ID-LESS WITH LIGHT Contact us and we’ll be in touch soon with more information. Contact the Authtech team Authtech Follow us LinkedIn