BANGKOK, Nov. 12, 2013 /PRNewswire/ -- AsiaPay, announces that Krungthai Card Public Company Limited (KTC), the largest credit card issuer and leading acquirer in Thailand, has launched its advanced 3D- Secure authentication system solution with dynamic one-time password (OTP) authentication to KTC's cardholders. In addition, AsiaPay also offers its customized OTP solution for other KTC banking applications.
This advanced secure multi-lingual ACS OTP 3D-Secure authentication solution, compliant to the international 3D-secure standard protocol, provides KTC with the capability to effectively and securely authenticate its cardholders' identities in real-time during online purchase or use related banking services. Upon checkout after shopping online, cardholders of the bank will receive a dynamic One-Time-Password (OTP) valid for one time transaction, protecting their cards against any online fraudulent use.
Not only KTC's cardholders will enjoy a more secure online shopping and payment experience, KTC is also benefited from enhancing its product competitiveness and minimizing financial losses due to fraudulent card use.
Xecure3D ACS system solution is certified with Verified by Visa, MasterCard SecureCode, JCB J/Secure as well as SafeKey of American Express. It supports both static and dynamic OTP password options. The 3D-seure registration can be taken place at bank website or registration during shopping. Besides, the solution provides the issuer with a comprehensive range of effective controls and user-friendly online reporting tools to effectively manage cardholder registration, status maintenance, payment processing, MIS…etc. Apart from supporting the comprehensive range of credit cards that the bank offer, this solution can also be expanded and customized to support other card products and other customized functionalities.
"We are pleased to offer our advanced ACS and OTP solution suite to Krungthai Card Public Company Limited (KTC). The implementation will bring the latest authentication and payment protection to KTC and its cardholder's. We strive to offer advanced secure epayment processing and authentication solutions to banks to enhance competitive edge and values to its customers," said Joseph Chan, CEO of AsiaPay.
