Telco security

With the rise of SMS verification and 2FA, telecoms networks have taken on an identity management role they never expected. And these methods have now been revealed as inadequate: breaches lead to unauthorised access of communication channels, and abuse of the system.

At the same time, telcos have to manage daily consumer access, communication with customer services, secure delivery of high-value phones, and monthly charges to a globally growing audience. Things can’t go on as they are.

Nuggets can transform the business of telcos, with a form of verified identity that enables access, control, payment and a new standard of verified communication.

Telco security

The benefits

Nuggets verified identity enables access, control, payment and a new standard of verified communication.

Reduce fraud

Cut fraud

$24.26 billion lost to card and identity fraud worldwide in 2018

Reduce false positives

Cut false positives

$331 billion lost or passed up through false positives worldwide in 2018

Reduce fraudulent chargebacks

Cut fraudulent chargebacks

These make up 42% of retail fraud losses

Single sign-on biometrics

Single sign-on with biometrics

One biometric verification. No more usernames or passwords at any level

Secure payment methods

Simple, secure payments

Customers can use various methods, including credit and debit cards or cryptocurrency. Without handing over personal data

Offer incentives

Loyalty rewards & value

Customers earn rewards and value when they choose to share data with you

More transactions

More transactions

Trusted and verified transactions mean more payments go through, with more peace of mind for you

Verified two way communication

Verified two-way communication

Customers can be assured you’re genuine, and can confirm their identity to you

Agnostic and cross-platform

Cross-platform

Available on Android and iOS, and across mobile, desktop and multiplatform

No more risk assessment and credit checks

No more risk assessments and credit checks

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

Minimise regulatory and compliance exposure

Minimise regulatory and compliance exposure

General Data Protection Regulation (GDPR), Second Payment Services Directive (PSD2), Federal Trade Commission Act (FTC Act) and California Consumer Privacy Act (CCPA)

Simple integration

Simple integration

Easy and secure API and Container integration

Immutable record of transactions with security and privacy protection

Immutable record of transactions, while protecting security and privacy

You no longer have to question or prove transactions

Removal of insecure 2FA

No more insecure 2FA

Do away with weak password, SMS and email verifications

Secure Trust-less Network

Secure trustless network

All participants are verified, and a reputation network

White label Apps and services

White label apps and services

Integrate easily with existing products and systems

Delivery acceptance and confirmation

Contactless delivery, biometrically verified

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

Digital safety without the need for customer or staff training

Digital safety without training

Nuggets is simply safer. And because there are no usernames or passwords, there’s no chance of anyone accidentally compromising them

User owned and controlled documentation

User owned and controlled documentation

Remove the cost and the responsibility of holding personal data

Modular Integration

Modular integration

Verified login, payment or ID

KYC Agnostic

KYC Agnostic

Works with businesses' choice of KYC

Open Banking

End-to-end Encryption

No possibility of a man-in-the-middle attack

W3C

Open Standards

Through the use of open standards W3C Verifiable Credentials (VCs), Decentralized Identifiers (DIDs), DIDComm Messaging (DIDComm), Key Event Receipt Infrastructure (KERI). Nuggets truly enables global interoperability as a Self-Sovereign ID (SSI).

Identity and Payment

2019 European payment authentication rules (PSD 2)

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