Orbiscom, the leading provider of Controlled Payment Number technology, has been named by Visa, the world’s largest consumer payments system, as a vendor supporting Visa Payer Authentication, an e-commerce program designed to help ensure secure online payment transactions via 3-D Secure.
Orbiscom’s Controlled Payment Number technology supports Visa Payer Authentication, enabling card issuers to verify a cardholder’s identity through the use of a password and provides results to the merchant in real time during the virtual checkout process. This service will reduce the merchant’s exposure to fraud and costly disputes by consumers.
“As an integral part of Visa Payer Authentication, Orbiscom will work with Visa card issuers to deliver a convenient and secure online shopping experience for both consumers and merchants,” stated Ray Sheridan, Chief Operating Officer, Orbiscom. “We look forward to partnering with Visa to develop standards that enhance and advance payments around the world.” “Orbiscom provides a proven and tested solution to Visa member banks who can now additionally benefit with the option to implement Visa Payer Authentication,” said Jim McCarthy, senior vice president of e-Visa, a division of Visa U.S.A. “Orbiscom’s solution, that works with Visa Payer Authentication, will help in the battle to reduce fraud and provide increased confidence to consumers and merchants”.
Orbiscom’s payment platform is implemented in two out of the top five card issuers in the United States and in Europe. Currently more than 100 million consumers have access to Orbiscom’s Controlled Payment Number technology. Visa Payer Authentication, which builds upon the company’s Global Secure E-Commerce initiative launched in June 2000, will enhance the security of Internet-based payments on a global scale and significantly improve the payment service for merchants, consumers and Visa Members.
Orbiscom is the creator of Controlled Payment Technology for online and real world card payment applications. Orbiscom’s flagship technology O-power(TM) enables card issuers, e-merchants, consumers and businesses to utilize online and wireless devices for controlled and secure debit and credit payments. Founded in early 1998 by professionals from the financial services, software and Internet industries, Orbiscom has operations in Dublin, New York, London, Brussels, Toronto and Sydney. The company has a highly experienced team of experts in software development, Internet banking systems, card processing systems and product marketing. Orbiscom has been granted patents on Controlled Payment Technology in the US, Europe and other countries worldwide.
For more information about Orbiscom, go to: [www.orbiscom.com]