Kazakhstan Kazkommertsbank has selected Way4CommerSafe Solution From OpenWay and iBIZ Software

Tuesday 9 December 2003 17:50 CET | News

OpenWay and iBIZ Software have announced that their joint 3-D Secure solution, Way4CommerSafe, has been purchased by Kazkommerzbank of Kazakhstan.

Kazkommertsbank has installed a new Way4CommerSafe module aimed at reducing Internet card fraud thanks to the embedded 3-D Secure protocol. Kazkommertsbank is already offering acquiring services under the Verified by Visa acquiring program which performs real-time cardholder authentication and thus reduces online payment card fraud, MasterCard SecureCode to follow. The bank will also launch a Verified by Visa and MasterCard SecureCode issuing service and enroll their own cardholders in the program and thereby further reduce costs related to fraud.

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Categories: Payments & Commerce | Payments General
Countries: World
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