Hanseatic Bank Tackles Credit Card Fraud with Payment Security Solution from CA Technologies
30 Septembre 2014 - 3:05PM
Business Wire
Private German Bank Balances Credit Card
Transaction Security and User Convenience Using CA’s SaaS-Based
Security Solution
CA Technologies (NASDAQ:CA) today announced that Hanseatic Bank,
a private bank based in Hamburg and operating throughout Germany,
has selected CA Transaction Manager and CA Risk Analytics,
components of CA’s SaaS-based payment authentication solution, to
help reduce fraud and improve cardholder engagement.
The bank is using the CA solution, which supports 3-D Secure
multi-layered authentication, to authenticate cardholders during
the checkout process to help prevent credit card fraud. The
authentication happens behind the scenes and is based on
patent-pending, advanced analytic techniques. This helps reduce
friction and decrease shopping cart abandonment in card-not-present
(CNP) transactions by identifying legitimate cardholders and
allowing them to proceed directly to checkout without interruption.
The result is an enhanced and pleasant cardholder shopping
experience.
“Card security is our number one priority. By partnering with CA
Technologies we are adopting proven fraud prevention technologies
while ensuring customers receive a responsive and rewarding
service,” said product manager Matthias Minar, Hanseatic Bank. “We
chose this solution based on CA Technologies strong domain
expertise as the original co-creator of the 3-D Secure protocol
with Visa to help prevent eCommerce fraud. This next-generation
authentication solution is also immensely adaptive, giving the bank
the flexibility to tailor the fraud rules for different groups of
customers.”
Hanseatic Bank is one of the fastest-growing issuer of credit
cards in Germany. With a 35 percent increase from 2013, the bank is
experiencing explosive growth and aims to curtail fraud loss, while
maintaining a positive customer experience. CA’s SaaS-based
multi-layered authentication solution includes CA Transaction
Manager to facilitate the implementation of the Verified by Visa
3-D Secure program and CA Risk Analytics to assess card-not-present
(CNP) payment transactions in real time and determine the
likelihood of fraud.
“Finding the balance of strong security and a transaction
process that doesn’t inconvenience the customer has been a business
challenge since the first online transaction,” said Doc
Vaidhyanathan, vice president, product management, CA Technologies.
“Our award-winning technology is in use by the world’s largest card
issuers and touches more than 150 million cardholders. It offers
powerful and configurable neural-network authentication models that
enable zero-touch fraud prevention capabilities resulting in a
positive cardholder engagement.”
About Hanseatic Bank
Hanseatic Bank is a private bank based in Hamburg and operating
throughout Germany. Founded in 1969 as a consumer credit
institution to finance goods purchased by Otto Versand customers,
it was converted into a chartered universal bank in 1976. The major
French bank Société Générale acquired 75 percent of the shares in
Hanseatic Bank in 2005, with the Otto Group continuing to own a 25
percent stake. The bank specializes in its four core businesses:
consumer credits, deposit-taking, insurance and receivables
management.
About CA Technologies
CA Technologies (NASDAQ:CA) creates software that fuels
transformation for companies and enables them to seize the
opportunities of the application economy. Software is at the heart
of every business in every industry. From planning, to development,
to management and security, CA is working with companies worldwide
to change the way we live, transact, and communicate – across
mobile, private and public cloud, distributed and mainframe
environments. Learn more at www.ca.com.
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Copyright © 2014 CA. All rights reserved. All other trademarks,
trade names, service marks, and logos referenced herein belong to
their respective companies.
CA TechnologiesLeanne Agurkis,
407-620-2136Leanne.Agurkis@ca.comorHanseatic BankIsabella von
Koeckritz, +49 40 646 03 -
429Isabella.vonKoeckritz@hanseaticbank.de
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