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 An ever growing number of consumers are turning to the Internet as their preferred way of shopping due to outstanding convenience, lower prices, greater geographic reach and speed that it can deliver. However, the Internet is reported to be the "most popular" method of committing card-not-present fraud and at least 12 times the amount of fraud exists on the Internet than in store*.
One of the most superior ways to enhance Internet security for both cardholders and merchants and to increase levels of convenience and acceptance was offered by two major international payment networks Visa and MasterCard. The networks have introduced an advanced authentication technology Three-Domain Secure (3-D Secure) protocol (also known as Verified by Visa and MasterCard SecureCode programmes).The programmes are designed to benefit all participants by enabling Issuers to authenticate cardholders during an online purchase. Some of the key benefits of this initiative include reduction in disputed transactions (and hence, a reduction in costs of handling them), assurance for cardholders, increased merchant confidence in accepting international cards and growth of e-commerce.
TranzWare e-Commerce is an integrated solution that enables secure use of payment cards on the Internet. It provides a host-to-host interaction with issuers and acquirers as well as Visa and MasterCard networks. The product performs authentication of electronic transactions in compliance with 3-D Secure (Verified by Visa and SecureCode) standards and allows customer identification from an issuer's as well as acquirer's side. Bank customers can easily enroll for the service either via the Internet banking website (TranzWare eBank) or at an ATM.
The solution is designed to be suitable for issuers as well as acquirers and its ACS and MPI modules (for issuers and acquirers respectively) are independent of each other and as such can be supplied separately.
TranzWare e-Commerce enables the processing of transactions with due regard for 3-D Secure identification, uses other security means in the process of formation and authorisation of electronic transactions and allows usage of various external HSMs. In addition, TranzWare e-Commerce supports digital signature verification, various access certificates and CAP (Chip Authentication Programme) technology. As such, TranzWare e-Commerce is the ideal platform for building a secure and well-performing e-business.
TranzWare e-Commerce can easily and seamlessly integrate with other TranzWare products (TranzWare Secure Gateway, TranzWare Online, TranzWare Mobile), external customer authentication systems (via multi-factor mechanisms) and other systems with minimal impact on operations. It has also been repeatedly successfully certified for compliancy with 3-D Secure and is a part of Verified by Visa and MasterCard SecureCode programmes.
Notation:
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Shopper selects an item on a merchant site and supplies merchant with all the necessary information |
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MPI sends Transaction Verification Request (VEReq) to a payment system |
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The payment system queries the appropriate ACS to determine whether authentication is available for this PAN and device type (sends VEReq) |
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ACS responds to the payment system indicating whether authentication is available for the card number |
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The payment system returns the response to the MPI (sends VERes) |
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The MPI sends a Payer Authentication Request (PAReq) to the ACS via the shopper’s device |
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The ACS authenticates the shopper by using the processes applicable to the card number (password, chip, PIN, etc.) |
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The ACS returns PARes to the MPI via the shopper’s device |
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The MPI validates the PARes signature and merchant proceeds with the authorization exchange with its acquirer |
TranzWare e-Commerce Benefits
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Fully compliant with 3-D Secure protocol |
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Part of Verified by Visa and MasterCard SecureCode programmes |
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Developed to deliver all the benefits emphasised by Visa and MasterCard: |
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reduction in disputed transactions and costs of handling them |
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assurance for cardholders (increase in card usage) |
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increased merchant confidence in accepting international cards |
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increase in revenues |
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Promotes development of e-commerce |
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Flexible user access rights control management |
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Independent of host solutions in place |
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Seamless integration: minimal impact on the existing systems |
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Server-based solution |
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Web-based user interface |
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Flexible implementation: in-house or outsourcing |
For detailed list of features and further information please download the brochure or contact us.
* Source: Gartner
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