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Concord EFS selects Cyota for MasterCard and Visa authentication

22 January 2003  |  3359 views  |  0 Concord EFS selects Cyota for MasterCard and Visa authentication

Electronic transaction processor Concord EFS has selected Cyota's SecureSuite platform to provide both MasterCard SecureCode and Verified by Visa authentication services to its 6200 financial institution clients.

Memphis-based Concord says it will license and implement Cyota's SecureSuite Processor Edition package as an in-house installation at its data centres.

MasterCard SecureCode, which utilises MasterCard's universal cardholder authentication field (Ucaf), and Verified by Visa are authentication initiatives designed to provide online shoppers with a virtual receipt for signing at the point of sale.

Concord claims to be the first switch processor to implement and provide both MasterCard and Visa schemes from within its centres.

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