SafeCharge Teams With Arcot for Secure Internet Shopping

SUNNYVALE, Calif. - Arcot Systems, one of the Web's leading suppliers of secure e-payment and authentication solutions, today announced that Internet payment service provider SafeCharge has selected Arcot's TransFort online payment-security solution to support its implementation of "Verified By Visa, MasterCard SecureCode, and JCB J/Secure."

Arcot Systems is a provider of risk-based authentication, strong authentication, digital signing, and cardholder authentication solutions. The company blocks fraud and protects access for millions of online customers by using offerings such as 3-D Secure, IdenTrust, SAFE, and FFIEC Internet-banking authentication recommendations.

"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 David Avgi, chief executive officer 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 an internationally established standard known as 3-D Secure, promoted as "Verified By Visa, MasterCard SecureCode, and JCB J/Secure." Arcot co-developed with Visa the 3-D Secure program, which is designed to proffer participating e-merchants the same level of security they would expect in the physical world by confirming 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, president of Arcot International. "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."