Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

User friendly e-commerce security from Todos

Todos Data System AB : 05 August, 2009  (New Product)
Dynamic signatures enable secure e-commerce transactions on mobile phones, smart card readers or token based systems
eBanking is becoming much more secure as banks introduce authentication devices that go way beyond static and one-time passwords. Indeed, Todos makes a complete range of these devices and mobile solutions.

However, credit card companies have not started using this type of strong authentication for eCommerce until recently, as trust and confidence have become more necessary than ever before. Card-not-present fraud is doubling every eight months. A recent report in the UK found that one in three internet users were too scared to shop online.

Well, here's some good news for security experts and users alike: a user-friendly, highly secure way to make eCommerce as secure as eBanking. It's a fact not a theory. Hundreds of thousands of consumers are already using it.

It relies on new technology from Todos, called Dynamic Signatures for eCommerce, which allows banks to use the same authentication devices (e.g. smart card readers, tokens or mobile phone applications) that they already use for eBanking to authorise eCommerce payments. It also lets them adjust the level of authentication to match the level of risk and the value of the transaction.

Todos Dynamic Signatures for eCommerce works smoothly with 3-D Secure systems such as Verified by Visa and MasterCard SecureCode. This makes it very easy for merchants and banks to deploy. Customers appreciate the fact that they can use the same card and device for banking and shopping and most find it easier to remember a PIN number than a lengthy static password.

'Customers like Dynamic Signatures and so do banks. Within six months of deploying the technology, banks saw fewer complaints, fewer chargebacks, fewer disputes and a dramatic reduction in fraud,' says Ulf Dahlberg, Sales Director at Todos, adding, 'I am happy to say that eCommerce now is as safe as eBanking.'

Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo