Furthering its standard-setting role for securing electronic business transactions, ActivCard S.A. announced it has received Level 1 EMV (Europay, MasterCard, Visa) approval for its ActivReader handheld smart card reader. Level 1 EMV approval represents a high degree of trust and a major step towards establishing global interoperability for e-commerce transactions of all types. The approval positions ActivCard’s e-business digital identity technology as a new platform for secure business-to-consumer (B2C) electronic transactions and online banking, among other high growth markets.
ActivCard, a leader in strong authentication and electronic certification technology, passed Level 1 EMV testing and received approval through Visa (CAA Ref. No: ITACTI0001A-1). The approval also fulfills Level 1 requirements of Europay and MasterCard, through reciprocal agreements between these well-recognized payment associations. As a result, the ActivCard ActivReader solution set is now a recognized cross-platform transaction tool for B2C and business-to-business (B2B) e-commerce. Businesses and consumers can use the single ActivReader device to register transactions through all three financial channels.
The result will be an accelerated deployment of next-generation Internet-based e-business systems and services. ActivReader enables a single connection between customers, vendors and financial service providers previously offered independently by Europay, MasterCard and Visa. This functional integration through ActivCard digital identity technology will enable the evolution of e-business into a truly secure transaction space, which in turn will improve the confidence of vendors that customers are who they say they are. On the other side of a transaction, customers are ensured they are talking to a legitimate vendor and that their personal data, including credit card information, remains private. In effect, a shield of certification and authentication is raised, protecting against fraud on both sides of an electronic transaction.
“ActivCard is a recognized industry innovator, and Visa is very pleased to approve the ActivReader as a Visa smart card acceptance device,” said Philip Yen, senior vice president, Internet and access channels at Visa International. “As the size and importance of the electronic transaction space continues to grow worldwide, ActivCard’s patented authentication technology, with its chip card-generated single-use passwords and other important innovations will play a major role in the developing technology of e-commerce.”
“E-business, whether B2B or B2C, comes down to a question of identity,” said Thomas Arthur, senior vice president of worldwide sales and business development for ActivCard. “Our partnership with Visa and our ActivReader Level 1 EMV approval enables our solutions to play a central role in the explosive growth occurring in the e-business marketplace.”
ActivCard S.A, a leader in digital identity and electronic certification technology, delivers core components required to enable next generation e-business communication and transactions. ActivCard’s technology suite offers the ease-of-use of an ATM transaction with a security level better than a face-to-face meeting. ActivCard’s solutions, in conjunction with the applications support for public key-based data confidentiality and integrity, allows individuals and businesses to perform secure online transactions over the Internet. Today, more than 1 million people use ActivCard products for secure Internet banking, Web access and remote access to corporate networks. ActivCard has corporate headquarters in Fremont, Calif.; Suresnes, France; and Singapore.Details