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Tieto, PetroCard implement 3-D Secure solution for Visa cards

Monday 21 October 2013 10:55 CET | News

Finland-based IT services provider Tieto and the Russian processing centre PetroCard have implemented a 3-D Secure issuing solution for Visa payment cards.

During the project, Tieto has implemented the Verified by Visa 3-D Secure authentication solution and has assisted PetroCard in the certification process with Visa International.

3-D Secure is an online service designed to upgrade the safety of online transactions through cardholder identity authentication at the time of purchase according to Visa regulations. During the online payment, the cardholder is redirected to their card issuer bank website and requested to enter a special password. The implemented solution guaranties higher transaction security and increases cardholder trust in online payments, as well as raises the popularity and volume of online sales.

Tieto is an IT services company focused on services for both the private and public sectors and product development services in the field of communications and embedded technologies.

In recent news, Tieto has entered into an agreement with financial institution Co-operative Bank of Kenya.
 


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Keywords: Tieto, PetroCard, 3-D Secure, online security, Russia
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






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