Authentication & Payment Solution

Visa’s VbV Program, MasterCard’s SecureCode and JCB’s J/Secure

i-TransAct is committed to providing the best and most comprehensive product suite possible that would ensure the Bank complies with global card association mandates i.e. Visa’s Verified-by-Visa program, MasterCard’s SecureCode and JCB’s J/Secure.

Key Technology components outlined as follows:

Issuer Suite

• Gpayments ActiveAccess (brochure in PDF)

• Gpayments ActiveCheckout (brochure in PDF)

• HSM – Hardware Security Module

Acquirer Suite

• i-TransPay Integrated Payment Gateway (brochure in PDF)

• i-TransPay Merchant Payment Server – Hosted edition (brochure in PDF)

• Gpayments ActiveMerchant – Enterprise edition (brochure in PDF)

For the Bank, this translates into several benefits: -

• Future Proofed. Relevant software components will be kept current with the latest levels of the card scheme’s guidelines by Gpayments.

• Complete and Proven Solution. The full suite of authentication & authorization products are available today, and have been implemented in many members’ sites and in several shared service offerings such as MasterCard MOAS service in Sydney and Comtrust in Dubai. It’s proven to be scalable, and may support multiple Issuers.

• Support Multi-Channel Commerce Capabilities. This allows the Bank and its hosted merchants to process payments over multiple channels in addition to the Internet. These additional channels include the Mobile, Interactive Voice Response (IVR), and Call Centres.

• You Grow, We Grow. i-TransAct is committed to anticipate and provide the necessary solutions and support required by the Bank and its hosted merchants in the shortest time possible.

• Other key considerations:

  • 3-tier system architecture
  • Rapid implementation with minimal integration
  • Web-based Administration system
  • Reduced fraud & chargebacks
  • Scaleable to high transaction volumes
  • Flexible authentication options
  • Support for multiple payment methods
  • Privacy, integrity and confidentiality
  • Frictionless customer experience
  • Optional pseudo number system
  • Intelligent merchant form filling
  • Single sign-on for both Visa and MasterCard brands
  • Optional Bill Presentment and Account Aggregation
  • Comprehensive advertising control
  • Simplified integration with back-end systems
  • Authentication at multiple cardholder access points

Key Benefits to Bank

• Enhance customer relationships
• Reduces the costs involved in processing fraud & chargebacks
• Increase the confidence of cardholders to make purchases
• Increase the use of credit cards as an alternative to cheque/cash payments
• Reinforce the brand of your merchants in online channels
• Increase customer retention
• Increase customer acquisition
• Grow the cardholder base
• Reduce risk
• Grow revenues

Key Benefits to Bank

• Enhance customer relationships
• Reduces the costs involved in processing fraud & chargebacks
• Increase the confidence of cardholders to make purchases
• Increase the use of credit cards as an alternative to cheque/cash payments
• Reinforce the brand of your merchants in online channels
• Increase customer retention
• Increase customer acquisition
• Grow the cardholder base
• Reduce risk
• Grow revenues

Benefits to Bank’s Cardholders

• Increased confidence to make online purchases

• Increased convenience in making online purchases

• Better shopping and payment experience for consumers

Return on Investment

• The improved risk management through authenticating the cardholders’ transactions results in a reduction of cost of servicing an issuer’s online transactions. 

• Revenue growth is achieved through increasing the use of cards for internet purchases. 

• Growth can be achieved through new cardholder acquisition by being an early market adopter of Verified-by-Visa and/or SecureCode. By providing a more complete set of shopping facilities more cardholders will be attracted to use the Bank’s system and favoured merchants. 

• Customer relationships can be improved by leveraging a database of purchasing patterns to effectively tailor delivery of new services to each specific client. 

• Developing partnerships with online merchants can result in increased transaction volume and enhanced cardholder loyalty.

i-TransAct’s Authentication & Payment solution will be quickly & effectively implemented either at the bank’s or a trusted third party’s data centre enhancing critical time to market considerations. A rapid implementation will give the Bank the opportunity to seize market share while reducing the risks of dis-intermediation by technology companies, telcos, or other issuers.