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| Each month, between 20,000 and 25,000 3D Secure
CB transactions are made via 3D Secure. |
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A secure payment architecture for distance selling,
3D ecure has moved into the test phase. A technical pilot test
was launched last Spring by Cartes Bancaires and the project's partner
banks (Natexis Banques Populaires, Crédit Mutuel, Caisse d'Epargne,
La Poste, etc.) with the aim of to validating CB's specifications.
This pilot test has since been gradually extended through to the current
1,800 or so active Internet merchant sites. Each month, between 20,000
and 25,000 3D Secure transactions are made, with a total of over
100,000 secure transactions since the pilot test began.
"The
aim of 3D Secure is to provide distance payments by CB bankcard
with security guarantees and a level of confidence well in excess
of traditional payment methods, notably based on the principle of
formal authentication of the merchant's customer by the card issuer,"
pointed out Jean-Pierre Buthion, Manager of Products and Services
at Cartes Bancaires. This solution, which serves the interests of
retailers, banks and consumers, is applicable to Internet payment
and all other types of distance selling, such as payment by mobile
phone. It is only one link in the secure distance payment chain that
also includes contractual commitments and rules concerning, in particular,
the security applicable to merchant sites (data storage, etc.). Retailers,
represented by both ACSEL (French Association of Online Retailing
Commerce and Services) and FEVAD (French Federation of for Distance
Selling Companies), who are well aware of the potential benefits of
from improved security for in distance selling, especially on the
Internet, and CB banks held working sessions with CB banks over the
summer to study the question. Together, they examined the best way
to generate consumer and merchant site support for this payment standard.
"3D Secure, a solution which is already used in many countries,
has every chance of being adopted as an international standard,"
pointed out Jean-Pierre Buthion. Watch this space! |
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