17 October 2017
visit www.response.ncr.com

Experian launches cardholder verification service

01 October 2004  |  3832 views  |  0 card in hand

Credit referencing firm Experian has launched Cardholder Verification, a customer authentication service for online merchants and payment processors.

Experian says the service validates the identity of a consumer conducting card-not-present transactions.

The system utilises the vendor's credit and noncredit verification databases - which contain information on 215 million consumers - to identify high-risk transactions prior to payment authorisation.

The data verified includes identification information, as well as postal, e-mail and IP addresses. Alerts are sent for high risk cardholders, closed accounts and lost or stolen credit cards.

Rick Gallagher, president of Experian Fraud Solutions, says: "Cardholder Verification allows merchants to be confident in the identity of the consumers purchasing on their site, as well as the validity of the credit card being used."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Home office figures show rise in card-not-present fraud

Home office figures show rise in card-not-present fraud

10 January 2003  |  6789 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register now visit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14854 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8147 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7471 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6771 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6113 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job