On-line Smart Chip Card Acceptance for Canadian Merchants
January 9, 2002 - InternetSecure is pleased to announce the
availability of an additional payment type for our Canadian
merchants. InternetSecure is the first Canadian payment processor
to offer this service. Effective immediately, all InternetSecure
Canadian merchants can accept "LockIt from American
Express" transactions on their payment pages. LockIt
employs smart card technology based on the EMV (European MasterCard
& Visa) smart card standard and is proven by American
Express in markets around the world. There is no effort required
by InternetSecure merchants to enable this technology. It
is simply an additional payment type on your payment pages
hosted by InternetSecure.
Availability of Smart Card Technology for Canadian Consumers
Canadians will now have the ability to use the smart card
technology when shopping online, through a new smart card
that will be offered by CIBC and American Express. The "CIBC
entourage American Express Card", which was announced
earlier today, is the first smart chip card available nationally
in Canada. One of the features of this card is that it provides
additional security for cardholders and merchants alike. A
smart card reader, which attaches to the cardholders personal
computer, is available with the card. When the customer wishes
to purchase online, they simply visit your website as they
do today. Your customer then has the option to perform a secure
online transaction with LockIt or choose any of the
other standard card types including Visa, MasterCard, Discover
and standard American Express Cards. With a LockIt transaction,
your customer never has to enter their credit card number.
InternetSecure technology detects the smart card reader and
your customer is prompted to enter a smart chip password.
The card and password are authenticated directly by American
Express during the transaction.
InternetSecure Merchant Benefits
"The increased security this card provides cardholders
will increase consumer confidence and boost on-line sales",
says Rick Nugent, Chairman & CEO, InternetSecure Inc.
"For our Canadian dollar merchants, this type of transaction
is viewed as being similar to a "card present or swiped
transaction", eliminating any risk of charge-back to
the merchant, by the cardholder stating they did not order
the product or service." We are pleased to be able to
offer this new card technology to our valued merchants and
are committed to continuously providing leading edge technologies
that encourage the success of our online merchants. If you
have any questions, please contact us at: email@example.com
or by phone at 1-800-297-9482.