MasterCard Chip Authentication Programme now supported by Eracom Technologies

Thursday 4 November 2004 22:40 CET | News

Eracom Technologies ProtectHost White and ProtectServer Orange Hardware Security Modules (HSMs) have been enhanced to provide support for MasterCards Chip Authentication Programme.

MasterCards Chip Authentication Programme leverages the technology and widespread deployment of EMV smart cards to create a highly secure and cost effective method of authenticating cardholders for a wide range of applications. Such applications include online shopping and multi-channel banking services, thereby helping to reduce the potential risks traditionally associated with online shopping. Eracoms ProtectHost White and ProtectServer Orange HSM technology now delivers the back end capability of approving or denying authentication requests in line with the requirements of MasterCard’s Chip Authentication Programme. Deployment can be undertaken either as discrete elements of a in house system, or can be integrated into a market ready solution such as ASPACE Solutions 4TRESS system. By integrating the necessary functions into both product sets, Eracom Technologies can address the full range of platform, performance and cost requirements that enterprises demand within a MasterCard Chip Authentication Programme implementation. Chip authentication technology delivers significant advantage to cardholders, such as easy and highly secure sign-on to web banking applications. Using the combination of an EMV card and a highly portable, pocket or wallet sized card reader, a personal ‘one-time password’ or a one-time challenge and response process is generated to strongly authenticate both the card and the cardholder to the application. The fact that the password changes every time a transaction occurs means the system offers levels of security much higher than systems using a static User ID and password. This simple process is convenient for users, highly cost-effective and creates a solution that helps overcome many of the problems associated with traditional authentication systems and the risks of password capture, phishing scams and unauthorized card not present usage.

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Categories: Payments & Commerce | Payments General
Countries: World
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