Consumers can use the following 2 different methods:
App based method: MySingleLink, based on their US Patents and propreitory technology, has developed a secured process that is designed to save Time, Money, Environment, Protect Privacy and save both Consumers and Merchants from Credit Card fraud and Data Breach. The technology is based on the simple concept of 'Bring Your Own Device' (BYOD) loaded with an all-purpose self-service App (MSL Wallet) that uses Out of Band processing and is freely available for iPhone, iPad, iPod, Android Phones and Tablets. Each Consumer Member would download 'MSL Wallet' and also would maintain a Personal Identification Number (PIN). PIN can never be used by itself. Each 'MSL Wallet' is also assigned with a unique number Wallet Number (WN). Consumer never have to remember user id or password to log into any web site and never have to give out credit/debit/gift/rewards... card numbers for online or offline or phone or mobile transactions. 'MSL Wallet' can hold unlimited number of applications (example: Credit Cards, Gift Cards, Rewards Cards, Coupons, Lottery Tickets, Movie Tickets, Parking Tickets etc). Sensitive items like Credit/Debit Card information are saved in Payment Card Industry (PCI) compliant Secured Server that acts as a Gateway. Sensitive items like Creidt/Debit Card and Bank Account information can never be retrieved by any entity including MSL Wallet, MySingleLink, Consumers and Merchants. Using an Out of Band Processing method, the sensitive information can be directly sent to Financial Institutions' processing network thru a secured connection at the request of Consumers with Merchants' acceptance thru 'MSL Wallet'. Request and acceptance are positively authenticated using the following propreitory authentication methods:
Transactions are processed Paperless and Cardless and falls under 2 broad categories namely Secured and UnSecured.
Card Based Method: Consumers use a Card or Card Number for all Transactions. Card can be a Universal Card that can be used with all Merchants or a Merchant Card that can be used only with a speicifc Merchant. Consumers hands over a Card or Card Number to Merchants for processing. It supports location, over the phone and Internet transactions. Card based method Consumers and Merchants would receive eletronic receipts which is available for viewing and for printing at least for 18 months.
Here are some of the Applications supported by MySingleLink:
To learn more about any of the above Application please move the mouse over the icon that represent the individual Application in the main page. Then click on the icon that represent each individual transaction under each individual Application. |