Comtrust, the e-solutions business unit of Etisalat, has recently collaborated with GPayments, the Sydney-based payment authentication company. The new relationship will see the introduction of e-payment solutions based on the new credit card authentication standards set by Visa and MasterCard - Verified by Visa and MasterCard’s SecureCode.
The new standards are designed to enhance credit card usage online by introducing a new level of security drastically reducing the threat of online credit card fraud. The partnership means, for the first time, regional issuing banks, as well as merchants, will have access to credit card authentication solutions compliant with the new standards in the Middle East.
Comtrust and GPayments say, the uptake of Verified by Visa and MasterCard Secure Code will mean the region’s online merchants, who sign up for the service, will have guaranteed online payments. The new credit card authentication service has built-in checks and balances to authenticate the identity of transacting parties as well as ensuring correct and validated authorizations for the payment to take place.
Comtrust, the e-solutions business unit of the Emirates Telecommunications Corporation (Etisalat), was launched in 2000 to bridge the gap in the market for a secure e-business solutions provider. Comtrust offers e-business solutions in the areas of business-to-business, business-to-consumer and e-government services. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
