 "FSS launches new authentication platform for online transactions")
The server is a Visa and MasterCard certified authentication platform, providing two-factor authentication, an additional layer of security for eCommerce and mCommerce transactions.
With FSS Access Control Server Card Issuers and Acquiring Banks can protect their customers from fraudulent usage of cards during transactions and increase both customer and merchant confidence, said the company in an announcement today.
Suresh Rajagopalan, president Software Products, FSS, said, "Our highly configurable and modular solution will help Card Issuers and Acquiring Banks to control and reduce frauds, transaction friction and enhance end-customer experience. FSS Access Control Server is offered both in licensed and hosted models"
With the server, the card issuers can enroll their customers for 3-D secure service during the first online transaction or directly on the Bank website and configure BIN level business rule for each portfolio of cards (Gold / Silver / Platinum etc.), as the platform provides hierarchical based user administration to meet the respective compliance requirements.
It could be used to prevent fraud by authenticating the payment with user choice of methods such as one time password through short message services, e-mail or a static password, among others.
This would also help to resolve disputes and minimise chargebacks with the help of authentication history and manage risk with the support of hardware security module based data encryption and online digital signature generation, it added. The transactions can also be monitored real time.
The solution can also be implemented quicly and easily as it leverages existing infrastructure and provides APIs for seamless integration with external systems, it said.
