22 October 2017
Register now

ActivCard to support MasterCard's chip authentication programme

26 April 2004  |  739 views  |  0

ActivCard Corp. (Nasdaq: ACTI), a global provider of authentication and digital identity solutions, today announced it will support MasterCard International's Chip Authentication Program to offer its customers chip-based cardholder authentication solutions for non face-to-face transactions.

As part of its global MasterCard SecureCode(TM) initiative, MasterCard created the Chip Authentication Program (CAP), which is designed to build on the ease of use and security of an EMV-compliant smart card for authentication through a user's PC. With CAP, a cardholder inserts his or her smart card into a card reader and enters his or her PIN. The card's chip then generates a value that the cardholder places into the issuer authentication window that appears during completion of online purchase. This solution is supported by both standalone and connected smart card readers.

ActivCard smart card software and hardware products leverage the full capability of chip technology for validating a cardholder's identity -- with the ideal combination of convenience for the cardholder, reliability for banks, and liability protection for merchants. While enhancing the security of MasterCard(R) payment transactions, ActivCard products make it possible for financial institutions to offer their customers enhanced online services, via the Internet.

"Securing payments from theft, fraud, and misuse represents a difficult challenge faced by financial institutions today," said Mehdi Bermy, ActivCard Solution Marketing Manager. "ActivCard solutions leverage the familiar ATM experience of entering a PIN to receive access to banking services, while ensuring the complexity of trusted transactions are transparent and simple for the cardholder."

"Smart cards, along with ActivCard solutions for secure Internet banking and card authentication, can help prevent identity theft, while at the same time, maximize a bank's return on investment on its EMV roll-outs," continued Bermy. "ActivCard has built a solid reputation of securing B2B and B2C Internet banking and mobile commerce transactions. The strength of our solutions is illustrated by ActivCard's impressive financial institution customer base and the ease-of-use experienced by the more than 6.5 million users of ActivCard digital identity solutions around the globe."

"All parties involved in an online transaction benefit from the ability to identify the cardholder. However, for an authentication solution to be truly effective, it needs to offer a high-level of security, be cost-effective, and work consistently across multiple channels," said Pascal Dufour, Vice President, Chip Product Management, MasterCard International. "MasterCard's Chip Authentication Program addresses each of these challenges head on."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Register now visit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
12037 views comments | 17 tweets | 25 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11615 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9373 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8530 views comments | 10 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8410 views comments | 9 tweets | 18 linkedin

Featured job

Find your next job