Concord EFS selects Cyota for MasterCard and Visa authentication
22 January 2003 | 3403 views | 0
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.