Arcot Announces Arcot TransFort Compliant With Visa Authenticated Payments Program; Full Suite of Merchant and Bank Solutions Are Compliant With Visa 3-D Secure.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.--(BUSINESS WIRE)--Sept. 24, 2001 Arcot Systems, Inc., a leading provider of solutions for securing e-business, today announced that Arcot TransFort(TM) has successfully completed compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). defined by Visa International for the Visa Authenticated au·then·ti·cate tr.v. au·then·ti·cat·ed, au·then·ti·cat·ing, au·then·ti·cates To establish the authenticity of; prove genuine: a specialist who authenticated the antique samovar. Payments program, 3-D Secure Protocol Level 0.0. Arcot's TransFort protects consumers, merchants and banks from fraud and unauthorized use of Visa cards for online transactions. The Visa Authenticated Payments Program is designed to bring the same level of security to the virtual world as Visa has in the physical world by confirming to the e-merchant that the online buyer is the actual cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold . This program combines a complete business framework
with technological innovations that protect Internet-based payments on a
global scale and vastly improves the payment service."We are excited to be able to offer our customers the first 3-D Secure compliant suite of solutions. It will allow them to deploy immediately and be among the first to take advantage of this global Visa program," said Chet Silvestri, 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. and president of Arcot Systems. "We have the most complete and fully tested range of solutions on the market, and they are available today." Arcot TransFort for the Visa Authenticated Payments Program Arcot TransFort Solutions is a comprehensive suite of products based on the 3-D Secure Interoperability standard that is designed to meet the breadth of needs for merchants and banks worldwide. Arcot TransFort Solutions are available in each of the following: -- TransFort Issuing Bank Software -- TransFort Issuing Bank Solution for Hosted Service Providers and Processors -- TransFort Merchant Plug-in Software -- TransFort Merchant Solution for Hosted Service Providers and Processors Visa's Authenticated Payments Program Visa's Authenticated Payments Program is a comprehensive e-commerce program designed to ensure safe and secure online payment transactions. Central to the Visa Authenticated Payments Program is a new commercial framework that protects cardholders while shopping online because their Issuer authenticates their cardholder during the sale and notifies the merchant that the buyer is legitimate. Upon completion of the shopping and checkout process -- which remains unchanged from the cardholder experience today -- the cardholder is asked to confirm their purchase with their issuer. The Issuer provides the merchant with a confirmation that is validated by the merchant using a plug-in software module. With Visa Authenticated Payment, Visa is providing the same level of security in the virtual world as Visa has in the physical world. About Arcot TransFort(TM) Arcot TransFort strongly authenticates and digitally signs transactions in real-time, providing for the secure, non-repudiation of online payments. Scalable to hundreds of millions of transactions, Arcot TransFort allows companies to grow the volume and value of their online transactions and provide their customers with an added level of confidence and security in the business relationship. Arcot TransFort is a multi-platform solution capable of authenticating transactions across Web, Virtual Private Network (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ), and wireless environments. In addition, Arcot TransFort can comply with a variety of business rules or procedures that govern online payments and support multiple 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. methods including username/password, physical 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. (or "chip cards"), and the ArcotID(TM) Software Smart Card. About Arcot Arcot Systems, Inc., is the leading provider of authentication and access control solutions for securing e-business in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software-based solutions for strongly authenticating users and transactions and managing access for payment systems, B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business extranets, 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. 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 are using Arcot solutions to protect their customers' privacy and reduce fraud. For more information, visit www.arcot.com. |
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