Indian payments technology firm FSS has launched a new secure authentication platform, dubbed FSS Access Control Server, which supports 3-D Secure Protocol.
The new platform is aimed at enabling card issuers and acquiring banks to offer robust security to their customers during online transactions.
The Visa and MasterCard certified authentication platform provides a strong two-factor authentication – an additional layer of security for eCommerce and mCommerce transactions.
With FSS Access Control Server, issuers can enroll their customers (card holders) for 3-D secure service during the first online transaction or directly on the bank, the company said.
It will enable them to configure BIN level business rule for each portfolio of cards, as the platform provides hierarchical based user administration to meet the respective compliance requirements.
The platform will allow issuers prevent fraud by authenticating payment transaction based on the user choice of methods like OTP through SMS, OTP through Email, Static Password, IVR, IPIN etc, the company added.
Commenting on the launch, FSS president software products Suresh Rajagopalan said, “The growth of e-commerce has led to a substantial increase in Card relegated cyber frauds, which is becoming a huge cause for concern among the eco-system players. The success of ecommerce depends on the customer trust and this can be built only by providing best-in-class controls for data security and a safe and secure and highly available environment for transacting.”