How does KONEK keep my information safe?

KONEK keeps your information safe, secure, and hidden using secure authentication, payment consent protocols, and tokenization of all payment details. 

Secure Authentication:  

• As a new user, KONEK uses your financial institution’s secure authentication method to ensure you can securely access your data. 

• As a registered user of KONEK, KONEK uses your device’s authentication, such as, biometric scanning on supported mobile devices, passkeys and other authentication methods to ensure you can securely access your data. 

Payment Consent Protocols: When a merchant requests you to make a payment, the payment process to deduct funds from your eligible financial account is only initiated with your explicit consent. 

Tokenization: This process replaces sensitive data, such as your card and account numbers with randomly generated non-sensitive data that is shared exclusively with the merchant’s system.