Compass Plus, a provider of payments software and services, has announced that its online authentication solution, TranzWare e-Commerce, now supports American Express SafeKey.
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TranzWare e-Commerce provides reliable Internet transaction checks based on 3D Secure protocol for both issuers and acquirers, complying with and certified in, both the Verified by Visa and MasterCard SecureCode programs.
Compass Plus believes that the addition of AmEx SafeKey strengthens its efforts to help payment services providers in their fight to reduce card-not-present fraud.
Maria Nottingham, executive vice president at Compass Plus, said: "Today’s consumers have embraced the convenience of making online purchases, leading to a year-on-year rise in e-commerce transactions. As a result of this growth, the industry has seen a substantial increase in card-not-present fraud which is detrimental to consumer trust.
"With 3D Secure compliance to protect Visa, MasterCard and AmEx cardholders, the TranzWare e-Commerce solution offers financial institutions an added layer of reassurance."
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By GlobalData
