VietinBank achieves Verified by Visa certification with support from Compass Plus
Compass Plus, an international provider of retail banking and electronic payments software to payment processors and financial institutions, has announced that Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of the largest card issuers in Vietnam, has made online transactions more secure for its customers. The bank, which utilises Compass Plus Technologies solutions, has successfully completed its Verified by Visa certification, allowing its customers to benefit from the added security of 3D Secure authentication for online transactions.
The addition of Verified by Visa strengthens the bank’s efforts in the fight to reduce card-not-present fraud, by adding another layer of security for online debit and credit card transactions that authenticates the cardholder’s identity at the time of purchase. The next phase of the project will see VietinBank and Compass Plus work together to achieve Mastercard SecureCode and JCB J/Secure certifications for the bank to be able to provide a comprehensive portfolio of online security programs for its customers.