When it comes to processing payments through SlideID's authentication framework, security remains paramount. Whether it's completing online transactions, transferring funds, or authorizing payments, SlideID integrates multi-factor authentication to safeguard financial transactions effectively.

In the payment scenario, after initiating a transaction, the user is prompted to authenticate their identity using multiple factors. This may include entering a password or PIN (Knowledge Factor) as the initial step. Subsequently, the user may be required to verify their possession of a registered device by entering a one-time passcode sent via SMS or generated by an authentication app (Possession Factor). Additionally, biometric authentication methods like fingerprint scans or facial recognition may be utilized to further validate the user's identity (Inherence Factor).

By incorporating these multiple layers of authentication, SlideID ensures that only authorized users can initiate and authorize payments, significantly reducing the risk of fraudulent transactions or unauthorized access to financial accounts.