Management Strategies

10:50 AM
Nancy Feig
Nancy Feig
News
Connect Directly
RSS
E-Mail
50%
50%

Securing Online Purchases

ING Taps Arcot's 3-D Secure authentication technology.

ING Card, a subsidiary of ING Bank (Amsterdam), has begun a pilot program with Arcot Systems' (London) TransFort 3-D Secure authentication solution for large-scale Internet card transactions. Arcot is providing ING with the installation and management of a 3-D Secure authentication hosted services platform and an outsourced cardholder enrollment system. Full deployment will follow soon after the pilot, according to an Arcot spokesman.

A payment authentication standard developed by Visa and MasterCard, 3-D Secure involves two separate processes: initial user registration and verification during the e-commerce transaction. The implementation of TransFort will provide barriers to the unauthorized use of credit and debit cards for Internet transactions, providing more than 1.3 million Dutch ING cardholders with improved protection against identity theft, says Roy Budjhawan, fraud risk manager at ING Card. "When we started planning the implementation of 3-D Secure using the Verified by Visa and MasterCard SecureCode standards, we decided to go straight to Arcot," he says. "They participated in the development of the protocol from its inception, and are now the indisputable experts in this field."

"Arcot has been in the business of installing and supporting 3-D Secure for nearly seven years," says Sanjay Vyas, director of payment systems for Arcot. "We know how to get the solution up and running quickly." * --Nancy Feig

Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.