MasterCard Debuts New Online Services to Reduce Ecommerce and Ebanking Fraud

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MasterCard Debuts New Online Services to Reduce Ecommerce and Ebanking Fraud

05-05-2006, 09:21 AM,

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mandy Offline

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MasterCard Debuts New Online Services to Reduce Ecommerce and Ebanking Fraud

Quote: MasterCard International has introduced two new solutions to help increase security for e-commerce and online banking transactions. Both solutions are based on MasterCard's OneSmart Chip Authentication program in use in multiple countries.

The first solution the MasterCard All-in-One Authentication Deviceis a slim, self-contained product that carries a chip. A user enters his personal identification number into the device, which then creates a unique, one-time password that must be entered to permit the user to conduct e-commerce transactions at MasterCard SecureCode-enabled merchant sites. The one-time password becomes invalid once the transaction is completed...

full article: http://www.internetretailer.com/dailyNews.asp?id=18480

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