Boston, MA 10/01/2014 (wallstreetpr) – CA, Inc. (NASDAQ:CA) announced that a private German bank, Hanseatic Bank has incorporated CA’s SaaS-based payment procedure to check fraud and enhance cardholder engagement.
CA, an information technology management software and solutions company, issued a press release and through an article published on its website, made the announcement yesterday. The company said that Hanseatic Bank, which is a Hamburg-based private bank and has operations throughout the country, has adopted its payment authentication solution recently. According to the press release, the company’s SaaS-based solutions, comprising of CA risk Analytics and CA Transaction Manager, have been chosen by the bank to keep a check on fraud and at the same time, enhance cardholder engagement.
Securing Cardholder Transactions
CA, Inc. (NASDAQ:CA)’s solution offers 3D Secure multi-layered authentication procedure which validate cardholders’ credentials at the time of checkout. The entire endeavor is a step towards reducing credit card fraud and ensuring the security of sensitive customer data. The validation process is entirely latent, based on patent-pending systematic techniques. The process assists in decreasing friction while reducing payment cancellations in cases of card-not-present transactions. It works by identifying authentic cardholders and letting them proceed directly to the checkout step without disruption. The process hence results in a better and hassle-free cardholder purchasing experience.
Hanseatic Bank is among the fastest growing credit cards issuer in Germany. In 2013, the bank reported a 35% increase and is now seeking to maintain a fraud-free and secure transaction experience for its customers. Partnering with CA, Inc. (NASDAQ:CA) and exploiting its SaaS-based security scheme, the CA Transaction Manager will help the bank aid the implementation of the Visa-Verified 3D Secure strategy. Apart from this, CA Risk Analytics will facilitate it to assess real-time CNP payment transactions while enabling the identification of any potential fraud. The technology is used by over 150 million customers and enables them to make secure and easy transactions.
