MasterCard Debuts New Online Services to Reduce Ecommerce and Ebanking Fraud

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

Threaded Mode | Linear Mode

MasterCard Debuts New Online Services to Reduce Ecommerce and Ebanking Fraud

05-05-2006, 09:21 AM,

Post: #1

mandy Offline

Administrator

Posts: 9,932
Likes Given: 0
Likes Received: 6 in 5 posts
Joined: Feb 2011
Reputation: 0

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

« Next Oldest | Next Newest »

Possibly Related Threads…
Thread		Author	Replies	Views	Last Post
	Ecommerce Fraud Losses Expected to Rise 11% to $4 Billion This Year	mandy	0	2,374	12-13-2008, 12:49 PM Last Post: mandy
	Combating Fraud and Chargebacks	mandy	2	3,497	10-21-2008, 04:09 AM Last Post: amy
	Merchants who distribute goods and services digitally face higher fraud losses	mandy	0	2,772	06-27-2008, 11:27 AM Last Post: mandy
	How to Reduce Payment Processing Costs	mandy	0	2,485	06-17-2008, 11:02 AM Last Post: mandy
	Fraud Screen Tools Cited As Most Effective Method For Fighting Fraud	mandy	0	2,564	03-05-2008, 12:51 PM Last Post: mandy
	Ecommerce Fraud Losses Expected to Grow 18% to $3.6 Billion	mandy	3	2,843	11-15-2007, 03:30 AM Last Post: sneakymagenta
	Retailers tell US Senate that Visa and MasterCard are violating anti-trust rules	mandy	0	2,282	07-20-2006, 10:09 AM Last Post: mandy
	MasterCard Gets a New Logo and Brand Image	regic	6	4,327	07-08-2006, 03:38 AM Last Post: misteroriginal
	Effectiveness of AVS, CVV in preventing credit card fraud declines	mandy	7	5,079	07-01-2006, 08:50 PM Last Post: valleygirl
	Web merchants fighting costs of credit card fraud	Kristijntje	2	2,700	05-26-2006, 10:15 AM Last Post: mandy

Forum Jump:

Users browsing this thread: 1 Guest(s)