Nov 25, 2004 : Digital River Offers SecureCode
📅 - E-commerce outsourcing provider Digital River, Inc. (digitalriver.com) announced on Wednesday that it has introduced MasterCard SecureCode, a new security tool from MasterCard International. An estimated 13,000 Digital River hosted e-commerce sites are currently using MasterCard's authentication technology to help verify cardholder identity and prevent the unauthorized use of credit and debit cards online.
Combined with Digital River's existing, multi-level fraud prevention program, MasterCard SecureCode adds a layer of protection that can minimize payment card losses for Digital River's online merchants. SecureCode also helps consumers feel more at ease in the security of their accounts and e-commerce purchases.
"By offering our clients additional security tools, we can help them maximize investments in their e-commerce operations, while providing their consumers added fraud protection," says Marty Boos, CIO at Digital River. "We believe our working together with MasterCard is indicative of a movement in the Internet community to find more ways for businesses to collaborate to drive confidence in the security of e-commerce transactions."
Online merchants can add SecureCode to the checkout process on their Digital River hosted e-commerce site. Merchant's Web sites that bear the SecureCode brandmark prompt customers to enter their personal SecureCode, similar to a PIN for ATM transactions, by a special window or screen presented by their card issuer. Within seconds the card issuer confirms that it is the cardholder making the purchase and authorizes the transaction for the merchant.
Combined with Digital River's existing, multi-level fraud prevention program, MasterCard SecureCode adds a layer of protection that can minimize payment card losses for Digital River's online merchants. SecureCode also helps consumers feel more at ease in the security of their accounts and e-commerce purchases.
"By offering our clients additional security tools, we can help them maximize investments in their e-commerce operations, while providing their consumers added fraud protection," says Marty Boos, CIO at Digital River. "We believe our working together with MasterCard is indicative of a movement in the Internet community to find more ways for businesses to collaborate to drive confidence in the security of e-commerce transactions."
Online merchants can add SecureCode to the checkout process on their Digital River hosted e-commerce site. Merchant's Web sites that bear the SecureCode brandmark prompt customers to enter their personal SecureCode, similar to a PIN for ATM transactions, by a special window or screen presented by their card issuer. Within seconds the card issuer confirms that it is the cardholder making the purchase and authorizes the transaction for the merchant.
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