Businesses in the UK and Ireland which trade via the Internet are being offered unprecedented levels of fraud and risk control by National Australia Bank Group, which includes Clydesdale, National Irish, Northern and Yorkshire Banks.
The Group has beaten-off competition from rivals and linked up with market-leading specialists Digital Courier Technologies, Inc. (Nasdaq: DCTI) to offer selected business customers and those who trade with them the chance to make payments via smartcards, including Mondex Electronic Cash.
National Australia business customers accepting payments via conventional credit and debit cards will also have the chance to enhance their security, thanks to the link-up.
Smartcards contain computer chips, rather than the magnetic strips of conventional credit and debit cards, and are the most secure means of on-line payment available.
National Australia customers accepting on-line payments via credit and debit cards will be offered Digital Courier’s transaction monitoring and fraud detection software, which contains information from credit card companies, card issuing banks and merchant banks. The software is easy to install and use, and works with a wide variety of hardware platforms and operating systems. It contains a range of tools which allow businesses to monitor and change transactions, at any point in their life-cycle, with data available in real time, and authorisation requests being answered in five seconds or less.
The Digital Courier link-up will also mean reports of transaction volumes and values being available to businesses, 24 hours a day, from a secure, password-protected Internet site. It is expected that businesses will find these useful for reconciling and managing accounts, as well as monitoring transactions for fraud.
Digital Courier currently manages half a million credit card transactions a month for merchant banks and Internet-based businesses. It aims to make credit card transactions safe and profitable for its clients, from card authorization, through transaction settlement, to robust fraud control.
Mr. Don Marshall, president of Digital Courier Technologies, Inc. said, “Digital Courier’s agreement with National Australia Group brings us a very important partner in our emerging Internet payment’s business.
“Developing this relationship, with one of the world’s leading banks, further solidifies the important role Digital Courier plays in the global market for Internet payment solutions that emphasize risk control, affinity marketing and smartcard technology innovations”.
Mr. Andrew Douglas, Head of Payments, Europe, National Australia Group, said, “National Australia Group has recognized the specialized capability which Digital Courier brings to select merchants and clients.
“Our respective strengths in the financial and Internet industries will deliver significant benefits for our customers”.
Mr. Brent Skeffington, Head of Smartcards Europe, National Australia Group, said, “National’s agreement with Digital Courier brings us an important partner in emerging areas of our Internet payments business. We expect our joint smartcard program to offer our customers a solution that lowers payment costs, reduces chargeback exposure and creates an affinity relationship between merchant and consumer.”
National Australia Bank Group is an international financial services group providing a comprehensive and integrated range of financial services across four continents and 15 countries including Australia, the United States, the United Kingdom, New Zealand and throughout Asia. National Australia Group has an asset base of over A$250 billion, assets under administration of over A$400 billion, almost nine million customers globally and is ranked as one of the 50 largest banks in the world. National Australia Group Europe Limited includes four regional banks (Clydesdale Bank PLC, Yorkshire Bank PLC, National Irish Bank Limited and Northern Bank Limited). For more information, visit the National web-site at .
Digital Courier is a payments organization supplying financial institutions, businesses and Internet merchants with sophisticated e-commerce and payment processing software as well as customized services to meet their needs. Data feeds, data management and business intervention are combined to provide a complete real time suite of Internet and physical payment services. Digital Courier specializes in risk management including chargeback and fraud control. Digital Courier’s broad array of software tools and database information is unmatched in enabling merchants and merchant banks to aggressively pursue electronic commerce opportunities. Digital Courier helps reduce the merchant cost of doing business by limiting incremental merchant discount and bank reserve increases. Merchant banks are given assistance to satisfy their fiduciary need to control and limit merchant risk. Beyond risk control services, payment authorization is available and merchant acquiring and settlement. This complete solution provides an unparalleled platform to the electronic commerce environment and because it is based on new technology, it is reliable, secure and cost-effective. For more information about this product, visit .