Arcot's TransFort Solution Selected by MasterCard International To Speed Deployment of New SecureCode Service.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. and PURCHASE, N.Y.--(BUSINESS WIRE)-- Sept. 30, 2002 MasterCard SecureCode Protects All Parties Involved in an Online Transaction Helping to Make Internet Shopping More Secure Arcot Systems, Inc., a leading solutions provider for securing electronic identity, today announced that Arcot TransFort(TM) has been selected by MasterCard International to facilitate the global deployment of MasterCard SecureCode(TM). MasterCard will implement the Arcot TransFort(TM) solution and offer a hosted SecureCode service to its issuing members worldwide. This service offering will help enable MasterCard and Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. card issuers to address cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold concerns about the safety of online shopping, while allowing Internet merchants to benefit from an enhanced payment guarantee. MasterCard SecureCode enables issuers to choose from a broad array of security solutions for authenticating their cardholders while preserving a common cardholder experience across platforms. Issuer choices include MasterCard's PC Authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. Program, MasterCard's Chip Authentication Program The Chip Authentication Program (CAP) is a MasterCard and Visa initiative and technical specification for using EMV banking smartcards for authenticating users and transactions in online and telephone banking. or the MasterCard Implementation of 3-D Secure. In all cases, MasterCard's UCAF UCAF Universal Cardholder Authentication Field (MasterCard) (TM) infrastructure allows the data to be transported securely among the various parties involved in an online transaction. UCAF is a data transport mechanism created by MasterCard that allows explicit evidence that a cardholder originated a transaction to be provided to issuers and merchants. "We are pleased to be selected by MasterCard for their global deployment of a cardholder authentication service under the SecureCode program," said Ram Varadarajan, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Arcot. "Arcot's platform is a complete solution that supports MasterCard's Implementation of 3-D Secure, reiterating Arcot's commitment to provide a comprehensive online payment authentication solution for all payment methods." Arcot's TransFort solution is the first solution in the marketplace with end-to-end software support for MasterCard's Implementation of 3-D Secure, an issuer authentication option under MasterCard's SecureCode service, as well as other offerings like Verified By Visa Verified by Visa is a system used by Visa as an added layer of security for online credit and debit cards transactions. A similar system is used by MasterCard under the name SecureCode (which is completely separate from verified by Visa, although it uses the same protocol). . Arcot has delivered on its commitment to MasterCard for high-quality issuer-side software that incorporates both the MasterCard SPA algorithm algorithm (ăl`gərĭth'əm) or algorism (–rĭz'əm) [for Al-Khowarizmi], a clearly defined procedure for obtaining the solution to a general type of problem, often numerical. and UCAF within MasterCard's implementation of 3-D Secure. In addition, MasterCard will operate a Directory Server licensed from Arcot to globally support MasterCard's Implementation of 3-D Secure with issuers and merchants. "MasterCard SecureCode provides issuers with flexibility in their choice of security solutions for authenticating cardholders," said Bruce Rutherford Rutherford (rŭth`ərfərd), borough (1990 pop. 17,790), Bergen co., NE N.J., a residential suburb of the New York City–N New Jersey metropolitan area; inc. 1881. Several pre-Revolutionary houses remain there. , Vice President, e-Business & Emerging Technologies, MasterCard International. "Arcot's global market expertise, product strength, knowledge of security, as well as their strong ability to deliver, will help MasterCard offer the greatest degree of choice in the marketplace, providing customer-driven, flexible solutions on a global basis." About MasterCard SecureCode MasterCard SecureCode is an issuer-based security scheme that takes advantage of MasterCard's UCAF infrastructure to protect against fraud in an online transaction. By offering its issuers a service based on Arcot's TransFort, MasterCard and Maestro, issuers can enjoy the simplicity of a completely client-less architecture with no additional software and no download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. required. Under MasterCard SecureCode, a cardholder's identity can be confirmed using a variety of methods including passwords, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , and other methods that provide for cardholder mobility without sacrificing security. About Arcot TransFort Arcot TransFort strongly authenticates and digitally signs transactions in real time, providing for the secure nonrepudiation of online payments. Scalable to hundreds of millions of transactions, Arcot TransFort allows companies to grow the volume and value of their online business and provide their customers with an added level of confidence and security in the relationship. In addition to being the first solution recognized by the Visa Compliance Testing Facility as fully complaint with the 3-D Secure protocol, Arcot TransFort incorporates the MasterCard Implementation of 3-D Secure. About Arcot Arcot Systems, Inc. is the leading provider for securing identity and payments in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software solutions based on the ArcotID(TM) Software Smart Card for strongly authenticating users and transactions for payment systems, Web-based email Web-based email or webmail is a term referring to an e-mail service intended to be primarily accessed via a web browser, as opposed to through an application such as Microsoft Outlook or Outlook Express, Mozilla's Thunderbird or Apple's Mail. , Web portals See portal. and virtual private networks. Arcot solutions meet the business need for strong transactional security while providing the customer a user-friendly experience with anytime, anywhere convenience. Arcot serves over 3000 customers today including leaders in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , healthcare, and e-commerce that use Arcot solutions to protect their customers' privacy and reduce fraud. For more information, visit www.arcot.com. About MasterCard International MasterCard International is a leader in global e-business. The association is focused on providing its member financial institutions with customized, meaningful global e-business solutions that connect them to customers in both the online and offline worlds. Through its investment in industry innovation, participation in standards development and business alliances, MasterCard is staying in the forefront of technology integration to enable anytime, anywhere payments across multiple channels and various devices. MasterCard's global e-business solutions include Internet interactive services, security, smart cards, mobile commerce/wireless, business-to-business electronic commerce, and numerous emerging technologies. MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard(R) Cirrus(R) and Maestro(R). More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in circulation today. An association comprised of more than 15,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless price·less adj. 1. Of inestimable worth; invaluable. 2. Highly amusing, absurd, or odd: a priceless remark. advertising campaign is now seen in 81 countries and in 41 languages, giving the MasterCard brand a truly global reach and scope. With more than 24 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. For the year ended December 31, 2001 gross dollar volume exceeded US$986 billion. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com. |
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