NCC Bank Limited, a prominent bank in the country, had signed an agreement with Software Shop Limited (operating under the brand name “SSL Wireless”) to implement 3D secure solutions for their customers. The service has recently been activated.
The cardholders of NCC Bank will be prompted with a numeric password while performing card-not-present or e-commerce transactions.
Golam Hafiz Ahmed, managing director and chief executive officer, Mosleh Uddin Ahmed, additional managing director, Abu Zafore Md Saleh, deputy managing director and Md Fazlur Rahman, deputy managing director of NCC Bank Limited along with Sayeeful Islam, managing director and Ashish Chakraborty, general manager of SSL Wireless were present during the activation ceremony on behalf of their respective organisations at the head office of NCC Bank.
3DSecure allows cardholders to authenticate themselves while making an online payment. The cardholders shall retain a peace of mind that their card cannot be used without their authorisation.
Merchants are protected from fraud and can provide the product and service without delay or extra costs. Banks are able to see that the transaction has been authenticated and are more likely to approve the transaction as well.
