Luxembourg’s banks choose Worldline’s ACS solution to secure ecommerce with 3D-Secure
Luxembourg, 26 August 2015 – Worldline, [Euronext: WLN], European market leader in payment and transactional services, has been selected by the Luxembourg banking community to provide its Access Control Server solution for 3D-Secure, in cooperation with LuxTrust, a Luxembourg-based certification authority.
The 3D-Secure dynamic protocol verifies cardholder authentication during e-commerce transactions to combat fraud.
Strong authentication to secure internet payments are a key requirement of the European Banking Authority (EBA) guidelines that take effect as of August 1, 2015, and will apply until the expected introduction of the PSD2 requirements in 2018/19. The guidelines were established to confront an increase in fraud that regulators have observed in the internet payments area. Luxembourg and other 27 European national authorities have pledged to comply with the EBA guidelines.
Worldline was selected for its tried and tested solution, which is used by millions of cardholders daily in 15 countries worldwide. Delivered in SaaS mode for easy service setup, the Worldline ACS solution provides straightforward workflow management, activity monitoring and reporting, as well as fraud prevention tools.
Worldline will take advantage of LuxTrust’s extensive base of some 350,000 clients in Luxembourg and nearby cross-border regions of surrounding countries. LuxTrust’s systems will be directly connected to Worldline’s ACS (Access Control Server) solution.
Wolf Kunisch, Worldline’s Managing Director for Financial Processing & Software Licensing, and responsible for Worldline Germany & CEE said: “Security is key in e-commerce and cardholder authentication is becoming ever more important. Backed by over 40 years of expertise in payment security, Worldline is a 3DSecure leader with its Worldline ACS platform and strong authentication services. Worldline is proud to team up with Luxembourg’s banks to secure their e-commerce payments.”
Worldline Press Contact:
Valentine Cordelle Havas, Worldwide Paris
Tel +33 1 58 47 90 70
Mob 06 63 08 41 20
Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. A key actor for B2B2C industries, with over 40 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline’s activities are organized around three axes: Merchant Services & Terminals, Mobility & e-Transactional Services and Financial Processing & Software Licensing. Worldline employs more than 7,300 people worldwide and generated 1.15 billion euros in revenues in 2014.
Worldline is an Atos company. www.worldline.com