Euronet introduces Access Control Server Platform in India and South Asia

Euronet Services India Pvt. Ltd, a 100% subsidiary of Euronet Worldwide Inc., a global provider of electronic payment and transaction processing solutions for financial institutions, retailers, service providers and individual consumers, has announced successful launch of its VISA and MasterCard certified online payment authentication Access Control Server (ACS) platform which is available both as a licensed offering or as a hosted service for issuers.


Access Control Server facilitates online authentication of the card/instrument holder before the actual online purchase is made. It enables the exchange of data between the merchant, card issuer and, when necessary, the consumer, to validate that the transaction is being initiated by the rightful owner of the account. It is based on 3D Secure protocol, a globally adopted authentication solution designed to make electronic commerce transactions more secure in real time.


The Euronet ACS enables users to perform Card-Not-Present transactions without the need to “register” or “opt in” and remember passwords, eliminating cumbersome registration, activation processes and static passwords which are open to phishing and data theft. Euronet has designed the Access Control Server as an extension of the 3D Secure Framework to enhance the verification and authentication process with internet and mobile based 2Factor Authentication / dynamic passwords having the capability to extend to other payment channels such as Mail Order Telephone Order (MOTO), IVR and Mobile Commerce.....Read More

Comments

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Fake GST invoice scam; 215 people arrested, ₹700 cr recovered

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium