SOURCE: Arcot Systems, Inc.

July 09, 2007 08:01 ET

SafeCharge Selects Arcot Systems Authentication Solution for Secure Internet Shopping

SUNNYVALE, CA--(Marketwire - July 9, 2007) - Arcot Systems, a leading provider of secure e-payment and authentication solutions, today announced that SafeCharge, a leading international payment service provider, has selected Arcot's TransFort online payment security solution to support their implementation of Verified By Visa™, MasterCard® SecureCode™ and JCB J/Secure™.

"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 Mr. David Avgi, CEO 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 a globally established standard called 3-D Secure, marketed as Verified By Visa, MasterCard SecureCode and JCB J/Secure™. Around the world, banks and e-merchants rely on this solution to protect payment accounts with a customer-created password that must be presented when paying online. Arcot co-developed, with Visa, the 3-D Secure application and is the leading technology provider now protecting more than 17 million payment accounts, 11,000 banks and 100,000 merchants worldwide. 3-D Secure programs are designed to bring the same level of security to Internet shopping as is available in the physical world by confirming to participating e-merchants 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, vice president Europe, Middle East and Africa for Arcot Systems. "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."

About SafeCharge

SafeCharge commenced its activities in 2000, in response to the emerging need by the e-commerce world for a reliable and secure online payment system. SafeCharge industry experts developed an online fraud detection platform to protect merchants from the risks they were exposed to in the card-not-present environment of the Internet.

Today, with subsidiaries worldwide, SafeCharge is PCI certified and an international leading payment service provider -- integrating high-end payment gateway services with one of the most powerful online fraud prevention solutions available today.

Combining over seven years of industry expertise and technological know-how, SafeCharge provides e-merchants of all online industries with a complete set of secure payment solutions and services. Through SafeCharge's well-established banking relations with leading acquiring banks worldwide, merchants are able to acquire numerous direct merchant accounts without the tumultuous process of applying for new accounts with different payment providers -- all this within minimal time at globally competitive rates. For more information, visit http://www.safecharge.com

About Arcot Systems

Arcot Systems is a leading provider of risk-based authentication, strong authentication, digital signing and cardholder authentication solutions. The company makes online transactions safe for millions of customers by blocking fraud and protecting access. Arcot technology defends against Internet threats including phishing, man-in-the-middle and spyware. Its 100% software authentication solutions eliminate the need for hardware tokens and complex login processes providing customers with strong, PKI-based authentication with the simplicity of a username/password interface. Arcot offerings are compliant with U.S. and international standards including 3-D Secure, IdenTrust, SAFE and FFIEC Internet Banking Authentication recommendations. For more information, visit http://www.arcot.com.

Arcot, Arcot WebFort and ArcotID are registered trademarks of Arcot Systems Inc. All other trademarks are the property of their respective owners, and are used for identification purposes only.

Contact Information

  • Contact:

    Arcot USA:
    Kathleen McVey
    Arcot Systems Inc.
    +1 408-969-6202
    Email Contact

    Arcot UK:
    Arcot International Inc.
    Sheila Thomas
    +44 (0) 1344 668 280
    Email Contact

    SafeCharge International:
    David Avgi
    +359 2 489 50 90
    +359 8999 000 12
    Email Contact