DizziPay Holdings LTD

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DizziPay Holdings LTD
85 Medinat HaYehudim
Herzliya 4676670
Israel
General information: 

DizziPay has developed a unique, totally secure digital payments technology for consumers, Banks, issuers, sub-issuers which supports mobile and online transactions.

Company information: 
Company type: 
Startup
Industry: 
Financial Services
Founded when: 
Wednesday, 18 April, 2018
Startup stage: 
Co-Founder stage (got a team)
Funding needs: 
currently no funding needs
Types of jobs in the company: 
Finance
Total numbers of employees: 
50
Products and Services: 
DizziPay For Banks and Third Party Processor companies
Product category: 
online payment

Ready made plug and go play implementation that will allow any bank to empower it’s noncard holding customers to make online or F2F brick and mortar purchases... Read more: https://www.dizzipay.com/products/

FAQ: 
How does DizziPay works?
The state-of-the-art system will promote mass usage by NFC technology embedded in mobile devices, through the bank's Internet-enabled applications or other leading commercial companies. One of our significant developments, a "one-time virtual card" (card / transaction), which has a unique characteristic. Instead of using the plastic card, the consumer will "tap" his smartphone over the payment station. At the same time, information about the rolling transaction will be sent to the bank and it will issue a virtual credit card number in realtime and within milliseconds for the transaction, which is charged with the exact amount of the transaction. The number of the virtual card will be entered automatically to the cellular phone and transferred immediately to the cashier. At that moment, the regular acquiring process will begin as in any ordinary credit transaction.
What makes DizziPay secured?
For the first time in the world, the bank will be informed by the bank account owner that a transaction is going to be made prior to the purchase and in real time, enabling the bank with a convenient opportunity to check the customer's bank account, "freeze" the amount to be paid, identify the customer, and issue a one-time approval for the transaction before the traditional payment process is launched. The bank will get a secure verification that the account holder is the person who runs the application and asks to purchase at the merchant's cashier. Identity theft is prevented. If the customer does not have a credit card, the bank assigns a one-time credit card number / transaction number, loads the amount of the transaction on card and sends it through the application to the merchant's cashier. This one-time credit card number is valid to that specific transaction only, thus, cannot be hacked, stolen, or re-used. Fraud is prevented.

Contact:

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Address information

85 Medinat HaYehudim
Herzliya 4676670
Israel