Following Visa International’s worldwide launch last week of Visa 3-D Secure, WorldPay is set to lead the way in the implementation of 3-D Secure globally.
WorldPay will provide Arcot’s 3-D Secure technology to its customer base in 109 countries and deploy Arcot Transfort as an outsourced solution to a range of banks to ensure rapid and reliable deployment of the 3-D technology.
Visa 3-D Secure is part of Visa’s Secure Commerce Program and is designed to reduce the risk of unauthorized card usage and make Internet shopping a more successful and secure experience for both buyers and sellers.
3-D Secure offers an additional layer of security, introducing username/password, physical chip card, and Arcot Software Smart Card security, developed and piloted by Arcot and Visa during the past eighteen months.
WorldPay will initially provide 3-D Secure to their 11,000 global e-businesses and concurrently the system will be available to any member of Visa’s issuing bank network around the world to allow their cardholder a 3-D Secure authentication while making a transaction via WorldPay. WorldPay already processes Visa transactions from cardholders in over 200 countries and territories.
Jon Prideaux, Executive Vice President, Virtual Visa said: “The benefits 3-D Secure offers our cardholders and e-businesses will drive adoption and increase e-commerce revenues. Visa is delighted to be working together with WorldPay, the largest multi-currency payment aggregator in the world, to secure e-commerce globally for our cardholders”
“Visa’s 3-D Secure is designed to create a conducive e-commerce environment for buyers and sellers, and to meet consumers’ demand for protection against unauthorized transactions on their card. We have received positive response from our Member banks and e-merchants piloting 3-D Secure in Asia Pacific,” said Mark Burbidge, Senior Vice President and General Manager, e-Visa, Visa International Asia Pacific. “We are pleased to be joined by WorldPay to ensure this level of confidence and security for all parties”
Nick Ogden, Chairman and CEO of WorldPay Ltd, said: “Security continues to be a major concern for e-commerce, but despite this we are seeing month on month increases of over 20% in the number of transactions we process on behalf of existing and new customers, furthermore hundreds of businesses every week are continuing to invest and develop e-business activities. WorldPay is a pioneer in guaranteed online transactions and this agreement with Visa and Arcot significantly enhances the protection against fraud for both e-businesses and cardholders. By providing both ends of the 3-D solution simultaneously in a global deployment we believe that the acceptance and use of the Visa solution will be rapidly driven forward.”
Ram Varadarajan, Founder and COO of Arcot, added: “We’ve worked hand in glove with Visa over the past year and a half to jointly develop the highest possible level of security for consumers. Now, through this innovative partnership with WorldPay, we can offer the consumer an unprecedented level of reassurance and security.”
3-D Secure conforms to The Visa Payer Authentication Service, part of Visa’s Secure Commerce Program, that is designed to reduce the risk of unauthorized use of a cardholder account and make Internet shopping better and safer for both buyers and sellers on the Web.
— Cardholders gain confidence in the security of their funds when purchasing through a 3-D Secure system for Internet transactions
— 3-D Secure will dramatically reduce e-businesses exposure to online credit card fraud
— WorldPay will make 3-D Secure available to their 11,000 global e-businesses with the first fully hosted integration to Arcot’s technology
About WorldPay
WorldPay ([www.worldpay.com][1]) was founded in 1993 and throughout its history has consistently developed innovative and secure Internet-based products and services.
Today, as the globally acknowledged and trusted leader in secure, multi-currency Internet payment solutions, WorldPay enables over 11,000 customers in 109 countries to sell to shoppers around the globe – in the language and currency of their choice.
Through its unique Guarantee, WorldPay makes international online transactions easy, safe and reliable by offering online businesses protection against card fraud, and shoppers peace of mind that they are buying with confidence from WorldPay Guaranteed online stores.
WorldDirect, WorldPay’s multi-currency payment system is integrated to all the leading e-commerce storebuilding applications, including its own Click and Build. Other WorldPay services include micro-payments e-wallet solution WorldAccount, and repeat billing solution FuturePay.
Based in Cambridge, UK, WorldPay’s Asia Pacific regional center is in Singapore and its Americas center is in Sterling, Virginia, USA.
WorldPay shareholders include NatWest Bank Plc, Energis Plc and PSINet
About Visa
Visa is the world’s leading payments brand and the largest payments system worldwide. Visa-branded cards generate almost US$2 trillion in annual volume and are accepted at over 22 million locations around the world. The Visa organization plays a pivotal role in advancing new payment products and technologies to benefit its 21,000 member financial institutions and their cardholders.
Visa is a leader in Internet based payments and is pioneering the creation of u-commerce, or universal commerce – the ability to conduct commerce anytime, anywhere, over any type of device.
More information on Visa Authenticated Payments can be found at [www.visaeu.com][2]
About Arcot
Arcot Systems, Inc., is the leading provider of authentication and access control solutions for securing e-business in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software-based solutions for strongly authenticating users and transactions and managing access for payment systems, B2B extranets, Web portals and virtual private networks.
Arcot solutions meet the business need for strong transactional security while providing the customer a user-friendly experience with anytime, anywhere convenience. Leaders in financial services, healthcare, and e-commerce are using Arcot solutions to protect their customers’ privacy and reduce fraud.
For more information, please visit: [www.arcot.com][3].
[1]: http://www.worldpay.com
[2]: http://www.visaeu.com
[3]: http://www.arcot.com
