In order to reduce Banque Misr customers’ exposure to fraud when dealing with their accounts thru the “On-Line Banking” application or while purchasing items or services thru the net using their bank cards, eT3 has released the “Secure Code” feature. This feature is included in Banque Misr “On-Line Banking” application in addition to the standard checkout page of eT3 Secured Payment Gateway.
To accomplish the Secure Code function, eT3 has adopted the 3D secure protocol which was developed by Visa to improve the security of Internet payments. The protocol is offered with the service name “Verified by Visa”. MasterCard has also adapted a similar protocol called “MasterCard SecureCode”. Both are designed to allow authentication of cardholders by their Issuers at participating merchants. The objective is to benefit all participants by providing Issuers the ability to fully authenticate cardholders through the use of a password during Internet purchases, reducing the likelihood of fraudulent usage of Visa and MasterCard credit cards and improving overall transaction performance.
The following picture summarizes the “Secure Code” function flow adoptby eT3:
The following are the main functions of eT3 solution for MasterCard secure code On-Line Authentication:
i. Generating secure code for Banque Misr’s credit and debit Cards for the following cases:Secure Code 1
a. Creating a new secure code
b. Changing existing secure code
ii. Modifying existing Banque Misr On-Line Banking web site to handle new function of secure code generation and management
iii. Integration with the following card issuance system in Banque Misr environment for credit / debit cards verifications:
a. HPS card management system for Banque Misr credit cards, through on-line integration with HPS system
b. MSCC outsourcing company for Banque Misr EMV credit cards, through table located at Banque Misr backend server containing all credit cards issued from MSCC for BM customers.
c. OASIS ATM switch for Banque Misr debit cards, through table located at Banque Misr backend server containing all debit cards issued from OASIS for BM customers.
iv. Generating XML File related to adding or chaining secure code
v. Sending generated secure codes XML files to MasterCard On-Line Authentication System
vi. Generating Audit reports for system monitoring
vii. Generating statistical reports for secure code operation process management