ID-BOUND today announced the launch of its TRIO PaymentsFraud-Free E-Commerce Suite, the firstplatform designed toeliminatefraud losses for both buyers and sellers in online commerce. Tovalidatethis unprecedented claim, the company isimmediatelymaking afree, public demonstratoravailable, allowing merchants and developers worldwide to experience the system's immunity to fraud across the entire e-commerce transaction lifecycle.
E-commerce fraud-including chargebacks, account takeovers, and synthetic identity fraud-is a multi-billion-dollarproblem that traditional risk-scoring models have failed to solve. ID-BOUND's new suite re-engineers theE-Commerce process by usingidentity-bound authenticationtoestablishan unbreakable, verifiable link between the purchase, the customer, and the merchant.
“For too long, e-commerce has been built on a foundation of shaky trust, where both buyers and sellers bear unnecessary risk,” saidDr. EliTalmor, Co-Founder of ID-BOUND.”Our solution is not just about payments;it'saboutestablishinga verified identity at every touchpoint. We are opening our demonstrator to the world because the industry needs to see, with their own eyes, that a fully secured, future-proof commerce cycle, powered by identity and stablecoins, is not a future concept-it is here today.”
Demonstrator Proves Full-Cycle, Zero-Fraud Commerce.
The public demonstratorofTRIOPaymentsprovidesa fully functional, simulated retail environment where users can test ID-BOUND's core capabilities,showcasinghow the system addresses fraud from both the consumer and seller perspectives:
The Technology Demonstratormain featuresare:
— Verification of Online Merchant Identity (Eliminating Seller Fraud): The system ensures consumer safety by confirming the seller's true, authenticated identity, eliminating the risk of fake storefronts, identity spoofing, and product non-delivery fraud.
— Identity-Bound Purchase and Non-Repudiation: Transactions guarantee non-repudiation by cryptographically tying the purchase to the verified customer identity. This is enabled by ID-BOUND's proprietary TRIO Authorization ID, which serves as an electronic signature, preventing the customer from falsely disputing or denying their involvement in the transaction.
— Instant Settlement with Stablecoins: Transactions are executed using stablecoins, leveraging blockchain technology to provide near-instant settlement and finality. By combining identity verification with decentralized digital currency, the demonstrator eliminates vulnerabilities associated with traditional card payments.
— Verified Customer Review: Only authenticated purchasers who have completed an identity-bound transaction can leave reviews, thus eliminating review fraud and boosting the credibility of merchant feedback.
— View Demonstrator Page at https://www.id-bound.com/product-page/pay-with-trio-demo
Technical Deep Dive and Availability
The ID-BOUND Fraud-Free E-Commerce demo is live and accessible now- see foryourself (the addresses on the video are redacted):
https://www.id-bound.com/file-share/920f9048-496b-4832-93df-d79225d36c54
TheTRIO Paymentsflowincludesthe followingunbreakable chain ofsteps:
Step 1: verification of the Seller. Step 2: payment instructions for the Buyer Step 3: stablecoin payment with 4-factor Buyer identification Step 4: non-repudiation confirmation by the Buyer Step 5:theBuyer's infoand thePurchaseinfoaretransferredto the Seller.
For detailed information on the technology powering non-repudiation, specifically the functionality of the TRIO Authorization ID and its connection to Blockchain transaction hashes, interested parties can refer to the ID-Bound post:
https://www.id-bound.com/post/what-is-the-fuss-about-trio-authorization-id
For detailed information on the technology powering verified customerreviews, interested parties can refer to the ID-Bound post: https://www.id-bound.com/post/reputation-rating-using-trio-tokens
Tojoin:UsetheGetin Touchform athttps://id-bound.com/support
About ID-BOUND
ID-Bound is developingaTRIOIdentity, Crypto,and Payments EcosystemtoeliminateTheft,Fraud, and Money Laundering.Itsinnovative technology isprotectedbymultiplepatents.
Media Contact:
Eli Talmor
972545313810
405526@email4pr.com
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