FFIEC News

SafeCharge Selects Arcot Systems Authentication Solution for Secure Internet Shopping

(June 09, 2007)-- Arcot Systems, provider of secure e-payment and authentication solutions, announced that SafeCharge, a leading international payment service provider, has selected Arcot's TransFort online payment security solution to support their implementation of Verified By Visa, MasterCard SecureCode and JCB J/Secure.

"Deploying Arcot's TransFort 3-D Secure Solution, will provide our cardholders and merchants a powerful and well tested technology to verify and protect their identities when shopping online," said Mr. David Avgi, CEO of SafeCharge International. "We chose Arcot because of the company's proven leadership in providing banks and online merchants with a technologically superior solution for online payment security."

SafeCharge's new online payment security is based on a globally established standard called 3-D Secure, marketed as Verified By Visa, MasterCard SecureCode and JCB J/Secure™. Around the world, banks and e-merchants rely on this solution to protect payment accounts with a customer-created password that must be presented when paying online. Arcot co-developed, with Visa, the 3-D Secure application and is the leading technology provider now protecting more than 17 million payment accounts, 11,000 banks and 100,000 merchants worldwide. 3-D Secure programs are designed to bring the same level of security to Internet shopping as is available in the physical world by confirming to participating e-merchants that the online buyer is the actual cardholder.

"SafeCharge is a well-known and rapidly growing international payment service provider and Arcot is proud to have such a leading company choose the TransFort solution," said Elis Nemes, vice president Europe, Middle East and Africa for Arcot Systems. "SafeCharge's e-merchants will now be able to offer their customers a possibility to shop with greater confidence on the Internet knowing that their payment accounts are better protected."

Arcot offerings are compliant with U.S. and international standards including 3-D Secure, IdenTrust, SAFE and FFIEC Internet Banking Authentication recommendations.

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