With this integration, the bank now ensures added security for online transactions across all its card offerings which include Visa and Mastercard credit cards. The 3D secure framework is recognised by Visa, MasterCard and American Express as a standard for verification and authentication for e-commerce.
Bianto Surodjo- Director of Retail Banking PermataBank sees a huge growth potential for PermataDebit VISA which reached 2.2 million purchase transactions between January and October last year or an increase of 17 per cent compared to the same period in the previous year. At the same time the bank aware of the increasing threat of fraudulent online transactions, sees a pressing need to engage an innovative and scalable system to protect its cardholders.
Leveraging on Infinitium IMS 3D Secure which enables payment verification and authentication for Card-Not-Present (CNP) transactions, the bank is confident of providing PermataDebit VISA card holders a safe and secure online shopping experience.
The 3D secure compliant payment platform allows the bank to support e-commerce and mobile commerce. This provides PermataDebit VISA cardholders a seamless authentication method every time they use their card regardless of the channel of the merchant.
Aside from curbing unauthorised online transactions, the solution which complies with the PCI-DSS Level 1, also provides protection against phishing, Trojans, Man- in-the -Middle and keystroke logging threats.Designed to support large volumes of transactions, it easily addresses the banks scalability needs as the volume of debit card transactions continue to scale up.
Infinitium IMS 3D is used in more than 40 banks in South East Asia to enhance security for CNP transactions and curb fraudulent transactions.
About PermataBank
PT Bank Permata Tbk (PermataBank) has grown to be a major bank within Indonesian banking sector which offers innovative and comprehensive banking products and services, especially with its delivery channels that are equipped with Internet Banking and Mobile Banking features. PermataBank envisions to be the pioneer in delivering innovative financial solutions. Serving approximately two million customers in 63 cities in Indonesia. More information about PermataBank is available on its website www.permatabank.com
About Infinitium
Infinitium is an expert in E-payment solutions for banks/financial service and enterprise merchant in Asia, providing solutions across all user spectrum in the e- payment space. Our strength lies in our ability to provide multi touch point cross channel payment solutions for our customers as well as compliance, secure and proven technology. For more information about Infinitium and E-Payment solutions, please visit our corporate website : www.infinitium.com