CSI selects Cyota for Verified by Visa programme

CSI selects Cyota for Verified by Visa programme

Processing firm Computer Services, Inc (CSI) has selected the SecureSuite platform from online payments security vendor Cyota to deliver Verified by Visa authentication to its customer banks.

CSI will launch Cyota's SecureSuite Processor Edition as a hosted service to its nearly 500 customer banks later this year.

Verified by Visa is designed to reduce fraud on the Web by providing online shoppers with a virtual receipt to electronically sign at the point of purchase. Cyota's SecureSuite platform, which is offered to both issuers and processors, integrates multiple applications including MasterCard SecureCode.

Larry Moore, VP, CSI card services, says the system will allow CSI to provide customers' cardholders with a greater sense of security while shopping on the Internet.

Cyota says it supports Verified by Visa for over 9000 financial institutions to date.

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