Arcot Systems, Inc., the world’s premier provider of solutions for online authentication, announced version 5.0 of Arcot TransFort — the first end-to-end solution that supports all aspects of the Verified by Visa and MasterCard SecureCode 3-D Secure based programs for online payment authentication. TransFort version 5.0 is the only platform available today that provides end-to-end authentication products and services connecting the Issuers, Payment Organizations and Acquirers for both MasterCard and Visa electronic commerce transactions.
TransFort 5.0 for Issuers provides a full set of options for authentication and administration for financial institutions that issue credit and offline debit cards. As Issuers seek to provide customers with a choice among security alternatives and tailor offerings for individual cardholders, the Arcot product offers a full range of support for a wide variety of authentication technologies. These options range from simple passwords to smart cards to Arcot’s own ArcotID(TM) Software Smart Card that provides the reliability of hardware-based cards with the benefits of software-based solutions in terms of cost and ease of deployment. Increased choices of enrollment options, administrative views and reporting add flexibility to the product, lowering training time for customer service representatives, improving service options and enhancing the cardholder experience.
TransFort 5.0 for Merchants is designed for use in both single and multi-merchant environments across all merchant channels — in-house at individual merchants, at merchant acquiring gateways, and with hosted payment service providers. This product supports a full range of technology platforms and payment interfaces, allowing merchants to use a single product for both Visa and MasterCard transactions. Arcot’s latest release is the most widely deployed solution for online authentication and accepts most of the varied formats merchants use today without requiring major changes to the way they process those transactions.
TransFort 5.0 for Payment Organizations includes directory servers and authentication verifiers that route messages from Merchants to Issuers to ensure that all parties in multi-party e-commerce transactions work together seamlessly and reliably. It covers the full range of products needed at these interconnection points and, because of its architectural design, it is customizable to all payment methods and brands.
“We have worked closely with MasterCard and Visa to produce a payment authentication product for Issuers, Payment Organizations and Merchants that is high performing, works equally well with any payment brand and serves all of the participants in an e-commerce transaction seamlessly. TransFort 5.0 is the only product in the industry that covers this whole spectrum,” said Ram Varadarajan, President and CEO of Arcot. “With this turnkey solution, we are now able to accelerate deployment of a secure authentication platform for card usage. We also can assure Issuers, Payment Organizations and Merchants of 3-D Secure compliance for both the Verified By Visa and MasterCard SecureCode programs.”
About Arcot TransFort
Arcot TransFort is a comprehensive, multi-brand payment authentication solution for card issuing banks and processors, payment organizations, online retailers, and merchant aggregators. For Issuers, TransFort is an extensible transaction authentication platform that verifies the identity of the buyer in real-time to greatly reduce the incidence of fraudulent and disputed online payments. For Payment Organizations, the TransFort directory server software connects the right issuers to the right merchants for an individual cardholder during a given transaction. For Merchants, TransFort reduces the cost of fraud and disputes associated with online payments made with a MasterCard or Visa.
Arcot TransFort provides key pieces of the payment authentication process, such as method of authentication, auto enrollment, end user devices, and the authentication process itself for the 3-D Secure-based Verified by Visa and MasterCard SecureCode programs.
Arcot Systems, Inc. is the leading provider for securing identity and payments in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software solutions based on the ArcotID(TM) Software Smart Card for strongly authenticating users and transactions for payment systems, Web-based email, 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. Arcot serves over 3000 customers today including leaders in financial services, healthcare, and e-commerce that use Arcot solutions to protect their customers’ privacy and reduce fraud. For more information, visit [www.arcot.com].