Credit Card Authentication

Both Visa and MasterCard offer authentication services enabling issuers to verify a cardholder's account ownership during an online purchase. With Verified by Visa (VbV) and MasterCard SecureCode, consumers are assured that using a bankcard online is as safe as using it at a local merchant. And merchant accounts are fully protected from issuer chargebacks on transactions which have been fully authenticated. Since the transaction is authenticated by the issuing bank, the merchant will be paid. Merchants no longer need to bear the risk or the cost of fraud. When a cardholder shops at a participating VbV or SecureCode merchant site, the checkout process remains the same until the "buy" button is selected. If the bankcard is registered with a participating issuer, consumers will be asked for their VbV password or their SecureCode issuer specific access credentials. Through this simple checkout process, the bankcard issuer confirms a consumer's identity in real time.

Merchants must deploy a software module (referred to as a Merchant Plug-in) or develop their own software capabilities to support VbyV and SecureCode. This software allows merchants to pass cardholder credentials to the cardholder registration servers, and receive responses. Merchants must capture and send authentication data to Chase Paymentech. Note: Certified Merchant Plug-In (MPI) Software Vendors work directly with Merchants to implement solution.

The software and hosted solutions supporting this service are currently offered through these partners:

• Arcot Systems Inc. is the leading solution provider of secure payment authentication for both Verified by Visa and MasterCard SecureCode, programs. Through our customers and partners, Arcot will protect over 300 million cardholders and more than 10,000 merchants worldwide by authenticating online transactions. Arcot provides a range of enterprise class solutions for both individual merchants and merchant aggregators that are secure, reliable, and highly scalable.
• CardinalCommerce is the leading provider of Verified by Visa, MasterCard® SecureCodeTM and JCB J/Secure having enabled over 17,000 merchants worldwide. These authentication initiatives make Internet commerce safe and secure, for both buyers and sellers. They reduce a merchant's exposure to fraud and "I didn't do it" transactions while protecting cardholders from fraudulent use of their credit card. Cardinal's unique ASP hosted service enables all 3-D Secure payment authentication initiatives for eCommerce Merchants in one simple and efficient implementation of its product, Cardinal CentinelTM. In addition, Cardinal CentinelTM includes PayPal, further enhancing the benefits to merchants deploying the product.
• ClearCommerce is a leading provider of fraud detection and payment processing software, serving more than 60,000 businesses worldwide. ClearCommerce Risk Management integrates a comprehensive and powerful arsenal of fraud detection technologies into a flexible decision platform that enables merchants to optimize fraud detection, increase revenue, and improve profitability of card-not-present sales channels.