17 August 2017
Find out more

ING rolls out Arcot's Transfort for online authentication

27 July 2006  |  4886 views  |  0 ING Bank

Dutch banking group ING has implemented Arcot Systems' hosted TransFort application which it will use to provide Verified by Visa and MasterCard SecureCode online authentication services to its 1.3 million cardholders in The Netherlands.

California-based Arcot says its hosted 3-D Secure authentication platform will be installed at ING's card division. The system includes a cardholder enrollment facility.

The VbV and SecureCode programmes require cardholders making purchases on the Internet to verify their identity with a password. Arcot says the use of the password enables the bank to verify users with the card issuer before the transaction is completed, which reduces the risk of fraudulent transactions.

Arcot says the technical side of the implementation was completed in two and a half months and involved setting up the links between itself and ING Card. A customer pilot programme was put into place prior to the full installation, which involved composing text screens, button text and other marketing-related content.

Roy Budjhawan, fraud risk manager, ING Card, says: "When we started planning the implementation of 3-D Secure using the Verified by Visa and MasterCard SecureCode standards, we decided to go straight to Arcot. They participated in the development of the protocol from its inception."

Arcot says there are currently over 11,000 issuing banks and 25,000 online merchants using its 3-D Secure technology worldwide.
KeywordsE-COMMERCE

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

ING Direct adds 400 jobs at Minnesota operations

ING Direct adds 400 jobs at Minnesota operations

21 July 2006  |  6100 views  |  0 comments
ING and Getronics team for e-invoicing JV

ING and Getronics team for e-invoicing JV

11 July 2006  |  6942 views  |  0 comments
ING agrees EUR800 million outsourcing deal

ING agrees EUR800 million outsourcing deal

04 July 2006  |  5918 views  |  0 comments
Akbank licenses Arcot online payments software

Akbank licenses Arcot online payments software

16 June 2004  |  3357 views  |  0 comments
Al Rajhi licenses Arcot for MasterCard and Visa online authentication

Al Rajhi licenses Arcot for MasterCard and Visa online authentication

27 April 2004  |  4061 views  |  0 comments
FNB installs Arcot's Transfort for online authentication

FNB installs Arcot's Transfort for online authentication

23 April 2004  |  3727 views  |  0 comments
Russia's Assist deploys Arcot for Verified by Visa

Russia's Assist deploys Arcot for Verified by Visa

04 February 2004  |  3357 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.dorsum.eu

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10010 views comments | 8 tweets | 16 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
10007 views comments | 13 tweets | 11 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8332 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7780 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7722 views comments | 13 tweets | 7 linkedin