Endpoint
11/26/2012
11:55 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

New Visa Consumer Authentication Service Combats eCommerce Fraud

Solution designed to seamlessly support an issuer's Three Domain Secure (3-D Secure) program

FOSTER CITY, Calif., Nov. 26, 2012 /PRNewswire/ -- Visa Inc. (NYSE: V) today announced a new solution in its information products line up to help issuers reduce the risk of eCommerce fraud using real-time, risk-based transaction analysis. Called the Visa Consumer Authentication Service, the solution is designed to seamlessly support an issuer's Three Domain Secure (3-D Secure) program such as Verified by Visa and is available in all Visa Inc. markets immediately.

Visa Consumer Authentication Service authenticates the consumer prior to the authorization process, adding a powerful layer of protection against fraud. As the consumer begins the online checkout process, the solution performs a real-time risk assessment of the transaction based on numerous inputs including device and transaction information and historical spending patterns. The result is that issuers can complete lower-risk eCommerce transactions without requiring consumers to go through the extra step of entering their passwords or other verification. The solution minimizes disruption and abandonment at the point of purchase, while also helping issuers and merchants reduce fraud losses.

"Cyber Monday is the day when consumers traditionally begin searching the Internet for holiday gifts and sales. Coinciding with this busy online shopping period, Visa is launching Visa Consumer Authentication Service, providing an extra layer of protection to online transactions," said Silvio Tavares, head of global information products for Visa Inc. "This solution is another example of how we use Visa's network intelligence to create tangible value for merchants and our financial institution clients. Because the solution only prompts consumers for verification of the riskiest transactions, most consumers will have a streamlined authentication process when using Verified by Visa."

Visa Consumer Authentication Service is a hosted access control server that provides issuers with the following capabilities:

-- Sophisticated risk-based authentication. Visa Consumer Authentication Service's risk-scoring model takes into account enhanced inputs, including critical information about the device, transaction information and spending profiles. This data will enhance issuers' decision-making ability to identify potential fraud and prompt for verification only when necessary.

-- Dynamic methods of authentication. Visa Consumer Authentication Service supports a wide range of account holder authentication methods. This means higher-risk transactions may be verified by the issuer in a variety of ways including more secure, dynamic methods such as one-time passwords or hardware tokens.

-- Support for mobile. Visa Consumer Authentication Service can be integrated to function through a range of devices including mobile phones and tablets, to ensure consumers have a secure, efficient and reliable payment experience when shopping through another channel beyond the PC.

-- Rules for strategy refinement. Visa Consumer Authentication Service provides issuers with the tools to write additional rules to further refine risk decisioning capabilities.

To learn more about Visa Consumer Authentication Service or to sign up, issuers should contact their Visa account executive.

About Visa

Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks--VisaNet--that is capable of handling more than 24,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Dark Reading Tech Digest, Dec. 19, 2014
Software-defined networking can be a net plus for security. The key: Work with the network team to implement gradually, test as you go, and take the opportunity to overhaul your security strategy.
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-8148
Published: 2015-01-26
The default D-Bus access control rule in Midgard2 10.05.7.1 allows local users to send arbitrary method calls or signals to any process on the system bus and possibly execute arbitrary code with root privileges.

CVE-2014-8157
Published: 2015-01-26
Off-by-one error in the jpc_dec_process_sot function in JasPer 1.900.1 and earlier allows remote attackers to cause a denial of service (crash) or possibly execute arbitrary code via a crafted JPEG 2000 image, which triggers a heap-based buffer overflow.

CVE-2014-8158
Published: 2015-01-26
Multiple stack-based buffer overflows in jpc_qmfb.c in JasPer 1.900.1 and earlier allow remote attackers to cause a denial of service (crash) or possibly execute arbitrary code via a crafted JPEG 2000 image.

CVE-2014-9571
Published: 2015-01-26
Cross-site scripting (XSS) vulnerability in admin/install.php in MantisBT before 1.2.19 and 1.3.x before 1.3.0-beta.2 allows remote attackers to inject arbitrary web script or HTML via the (1) admin_username or (2) admin_password parameter.

CVE-2014-9572
Published: 2015-01-26
MantisBT before 1.2.19 and 1.3.x before 1.3.0-beta.2 does not properly restrict access to /*/install.php, which allows remote attackers to obtain database credentials via the install parameter with the value 4.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
If you’re a security professional, you’ve probably been asked many questions about the December attack on Sony. On Jan. 21 at 1pm eastern, you can join a special, one-hour Dark Reading Radio discussion devoted to the Sony hack and the issues that may arise from it.