Robust user authentication for VISA and MasterCard online payments

The card-not-present (online) fraud is the most frequent type of fraudulent credit card use, accounting for nearly as many cases of fraud as counterfeit, stolen and lost cards combined.

The exposure of financial institutions to online fraud increases in step with the growing volume of e-commerce transactions. An effective protection of online payments helps the bank to lower the costs associated with fraud, as well as to give its customers a sense of improved security, leading to increased customer satisfaction and loyalty.

The 3D Secure technology combined with specialized ITCARD services increases the security of online VISA and MasterCard transactions, lowering the risk of financial loss to the bank and its customers.

Enhanced security for Internet transactions

The 3D Secure protocol enhances online payment authorization by adding user authentication to the process. The authentication mechanism involves an exchange of information between the acquirer (the merchant and the bank receiving the payment), the issuer of the card being used and providers of 3D Secure infrastructure services, including the Access Control Server (ACS) required to verify the identity of the user.

The 3D Secure scheme offers the bank a guarantee that the transaction has been initiated by the user, and provides a proof that the user has engaged in the purchase transaction.

It is the responsibility of the issuing bank to provide an ACS to respond to authentication requests. Most banks find it beneficial to outsource the ACS functionality to a specialized vendor, such as ITCARD.

ITCARD’s 3D Secure platform

ITCARD offers the ACS functionality for 3D Secure implementations of the two biggest payment organizations, Visa (Verified by Visa) and MasterCard (MasterCard SecureCode). The ITCARD offer includes an additional layer of security, defined in the 3D Secure scheme, with one-time authentication tokens (passwords) sent to the user via SMS.

ITCARD is a certified service provider for VISA and MasterCard, meeting all the requirements of payment organizations for transaction authorization, processing and clearing, and claim and chargeback processing. ITCARD operations rely on secure systems and processes, certified to be fully compliant with the PCI DSS standard.

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