Denmark-based Danske Bank has selected Worldline’s Access Control Server (ACS) solution to secure e-commerce transactions with 3D-Secure authentication in Denmark, Sweden, Finland, Norway and the UK.
Worldline said that the ACS solution will help the Danish lender to fight fraud efficiently and provide their customers with a unified authentication experience across all channels.
During e-commerce transactions, the 3D-Secure dynamic protocol verifies the cardholders’ information to prevent fraud. It is part of Worldline strong authentication solutions to secure all types of financial transactions.
Strong Customer Authentication (SCA) is an important requirement of the European Banking Authority (EBA) guidelines and PSD2, whose compliance is a must for all European banks.
The Worldline ACS solution, which is provided in SaaS mode for easy service setup, offers straight forward workflow management, activity monitoring, and reporting, as well as fraud prevention capabilities.
The solution delivered to Danske Bank will be firmly linked to the domestic ID solution in each of the Nordic countries.
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Danske Bank head of customer solutions Claus Bunkenborg said: “The five-year agreement with Worldline will allow Danske Bank access to the highest security standards in the market and thereby, ensuring that our clients avoid misuse of their payment cards and still feel secure when purchasing online.
“The solution is fully integrated in the domestic authentication solutions, and at the same time the agreement is also cost-attractive to Danske Bank.”