22 August 2017
visit www.avoka.com

Finland prepares for nationwide Verified by Visa roll out

18 March 2002  |  4368 views  |  0 Finland prepares for nationwide Verified by Visa roll out

Finland is to become the first country to move to mass market implementation of the Verified by Visa service, as Luottokunta and OKO Bank prepare for nationwide roll out of the card organisation's 3-D Secure technology.

From Q2 2002, OKO Bank's nearly 700,000 online banking customers will be able to register for the Verified by Visa service.

Luottokunta's digital point of sale (POS) service for e-commerce merchants will support Visa 3-D Secure technology enabling its existing 420 online merchants to accept authenticated secure payments with Verified by Visa. It plans to increase this number and enable the majority of Finland's e-tailers to accept authenticated payments.

Kurt Andersen, general manager, Northern Europe, Visa EU says: "This is quite an achievement for Finland to be the first country in Europe to have its leading banks choose Visa's 3-D Secure technology as the best way to provide consumers and merchants with the confidence they need to shop online safely and conveniently."

Under the Verified by Visa service, cardholders confirm their identities using, for example, a password in the same way that today they provide their signature when shopping in the high street. The issuing bank authenticates the cardholder during the sale and notifies the merchant that the buyer is legitimate.

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

Leumi Card chooses Cyota for Verified by Visa initiative

Leumi Card chooses Cyota for Verified by Visa initiative

14 March 2002  |  6334 views  |  0 comments
ANZ to open Verified by Visa shopping mall

ANZ to open Verified by Visa shopping mall

06 March 2002  |  4216 views  |  0 comments
Visa reports surge in European online spending

Visa reports surge in European online spending

15 February 2002  |  3316 views  |  0 comments
UK consumers unfazed by PINs for card security, says Visa

UK consumers unfazed by PINs for card security, says Visa

12 February 2002  |  3434 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.dorsum.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12421 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10978 views comments | 22 tweets | 34 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10204 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10161 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10064 views comments | 21 tweets | 34 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job