FFIEC News

TNS Adds 3-D Secure Capability to Tackle Rising Card-Not-Present Fraud

(June 13, 2007)-- Online merchants can now use Transaction Network Services (TNS) as a single source for their anti-card fraud requirements, with the addition of 3-D Secure capability to the TNS card services offering. Merchants who use TNS for their card transaction handling will be able to ensure their existing infrastructure is 3-D Secure compliant.

3-D Secure is an authentication protocol jointly developed by Visa and Arcot Systems, Inc. It is used by Visa, MasterCard and JCB to provide a secondary layer of security to card users, merchants and card issuers. Cardholders register a secondary password with their card issuers, which they are then prompted for whenever they shop on a 3-D Secure enabled website. Merchants benefit from substantially reduced levels of fraud and its associated costs in chargebacks. In addition, research by industry analysts has already shown that shoppers prefer to shop at 3-D Secure websites and that websites operating two levels of authentication tend to generate larger basket sizes.

TNS’ 3-D Secure solution uses the Arcot TransFort solution from Arcot Systems, Inc., a world-leader in multi-factor authentication and e-payment software and services. Arcot worked with Visa to write the original specifications for 3-D Secure and has also customised the protocol for MasterCard and JCB. TransFort is fully compliant with Visa’s Verified by Visa, MasterCard’s SecureCode and JCB’s J/Secure programmes.

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