Visa Authenticated Payment available.Visa International has announced the worldwide rollout of 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. Payment. This is designed to improve the payment service for e-merchants, consumers and Visa members by improving convenience, acceptance and security. Using Visa Authenticated Payment, cardholders will, it is said, be better protected shopping online because Issuers will be able to authenticate their cardholders (for example, by checking a password or other means of, identification entered by the cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold )
during the online payment transaction and notify the e-merchant in real
time that the buyer is the actual cardholder. Visa is working with
financial institutions and e-merchants around the world to deploy the
program, which is expected to reduce disputed transactions by at least
50%. To further the success of Visa Authenticated Payment, Visa has
partnered with more than 60 Internet Solution Providers and management
consulting firms List of Management Consulting Firms1. McKinsey & Company 2. Marakon Associates 3. Boston Consulting Group (BCG) 4. A.T. Kearney 5. Booz Allen Hamilton (BAH) 6. Monitor Group 7. Bain & Company 8. Roland Berger worldwide including Accenture, Cap Gemini Ernst & Young, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Microsoft, and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. All software solutions can be tested for compliance to the 3-D Secure protocol at Visa's Compliance Testing Facilities in California. www.visa.com |
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