eftpos has certified GPayments’ ActiveServer solution as a ‘Secure’ service, enabling it to make eftpos’s two-factor authentication security service available to local merchants, gateways and acquirers, including several major Australian retailers.
With the 3D Secure certification, eftpos opens its “security kit bag” to ActiveServer, offering not just two-factor authentication (3DS), but also tokenisation, automated disputes and chargebacks, a digital identity solution, connectID, and a new AI fraud detection engine.
ActiveServer, natively built on Azure cloud, enables payment gateways, merchants, and acquiring banks to speedily implement the 3D Secure 2 standard – a security protocol for online card payments touted as delivering “frictionless authentication”.
The SaaS solution supports a number of global credit card schemes, including Visa Secure, Mastercard ID Check, American Express Safe Key and UnionPay.
eftpos chief executive, Stephen Benton (who is soon to depart the organisation upon its merger with BPAY and NPPA), said the company’s rapidly expanding online payments offerings would drive “large-scale competition” as well as “place downward pressure on transaction costs”.
“Our suite of world class eCommerce products and services are part of a $100 [million] eftpos funded digital upgrade to deliver the next generation of secure payments technology,” he said.
“In some retail sectors, online shopping is becoming the new norm, due to the Covid-19 pandemic. This makes fraud prevention and detection all the more important for Australian consumers and merchants transacting in the digital economy. We need to provide the very best protections we can to keep people safe.”
ActiveServer enables merchants to take advantage of key liability shift and avoid chargebacks by placing the responsibility for cardholder authentication with issuers.
Eftpos has so far certified or established agreements with several 3D Secure providers, including Outseer, Arcot (the payment security division of Broadcom), and fraud scoring market leader Featurespace.
The company said its new security features will ensure it can deliver Least Cost Routing (LCR) – a key priority for the RBA – for online transactions at significantly reduced risk to security vulnerabilities.