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Device Swap

Benefit

The integration of this API helps in the fight against fraud related to anomalous SIM exchange events, which may indicate a risk of account takeover fraud. This enables tighter security in account creation processes, user authentication and offers a better user experience.

In addition, Device Swap's Unified API Access feature guarantees you access to the network capabilities of different carriers through a single, standardised interface.

Variants

  • Device Swap Retrieve: Ad-hoc check of a Device Swap status
  • Device Swap Subscription: Notification on Device Swap events in your userbase

Usecases

  • Fraud prevention in banking: A bank may query the API when a transaction appears suspicious. The Device Swap information feeds into the bank risk decision engine and security measures are applied accordingly by the bank. Also, strange behaviors or accumulation of Device Swap notifications may help banks detect fraud scenarios in advance. Fraud prevention for password reset (various sectors: e-commerce, social networks, etc.): Password reset is often protected via a mobile verification e.g. One Time Password SMS. The online service provider may query the Device Swap API to secure the mobile verification. A recent Device Swap may indicate a risk of account takeover fraud and the service provider can adapt the security measures accordingly.
  • Prevention of Fraudulent Activities: The Device Swap API helps businesses detect and prevent unauthorized Device Swap attempts, a common method used in account takeover fraud. By identifying changes in a user’s SIM card status, the API provides an additional layer of security for sensitive transactions and account access.
  • Improved Trust and User Confidence: By safeguarding user accounts against Device Swap fraud, businesses can build trust with their customers. Users benefit from knowing their accounts are protected, which enhances satisfaction and loyalty while reducing the likelihood of service abandonment due to security concerns. Operational efficiency for the API customer (cost savings).
  • Enhanced Security for User Accounts: This service ensures that only legitimate users can access their accounts or authorize transactions by verifying that the mobile line has not been compromised. This reduces the risk of unauthorized access and protects both users and businesses from potential breaches. Seamless Integration for Risk Management: The Device Swap API can be easily integrated into existing systems to provide real-time insights into SIM changes. This allows businesses to incorporate it into their risk assessment processes, enabling proactive responses to suspicious activity without disrupting user experience.