Israeli card issuer Isracard is to implement Cyota's SecureSuite solution to provide Verified by Visa and MasterCard SecureCode authentication services to its cardholders.
The system will provide cardholders with a virtual receipt at the point of purchase, which they will verify with a user name and password.
Amir Orad, Cyota vice president, marketing and business development, Cyota, says: "We are seeing a strong increase in market demand for the technology now that MasterCard has announced its plans to use the 3-D Secure protocol for SecureCode."
Isracard, a subsidiary of Bank Haopolim, says it will launch the services this quarter.