This electronic signature will be transported in the UCAF for the issuer to validate.
In various regions of the world, such as Europe and Middle East/Africa, the MasterCard UCAF solution will enable Internet merchants to take advantage of a payment guarantee for fully authenticated transactions, similar to the one experienced by brick and mortar merchants for the past 35 years.
Arcot has delivered on its commitment to MasterCard for high-quality issuer-side software that incorporates both the MasterCard SPA algorithm and UCAF within MasterCard's implementation of 3-D Secure.
MasterCard SecureCode is an issuer-based security scheme that takes advantage of MasterCard's UCAF infrastructure to protect against fraud in an online transaction.
In all cases, MasterCard's UCAF
infrastructure allows the data to be transported securely among the various parties in the transaction.
The implementation of MasterCard UCAF will enable WorldPay's 17,000-plus multi-currency merchants in 115 countries to accept cardholder authentication information from MasterCard issuers following successful verification of the cardholder's identity by password, PIN, or other issuer approved authentication techniques.
Importantly, WorldPay and its merchants will benefit from MasterCard rule changes that shift liability for fraudulent transactions not authorized by the cardholder away from the online merchant and its acquirer when UCAF has been utilized.
MasterCard's SPA is an online security solution that utilizes the UCAF
MasterCard's UCAF is a standard, globally interoperable method of collecting accountholder authentication data at the point of interaction across all channels, including the Internet and mobile devices.
MasterCard collaborated with leading technology vendors to integrate SPA and UCAF into vendor platforms to create innovative online security solutions that will generate widespread global adoption," said Stephen W.
UCAF is intended to guarantee payment to online merchants by presenting, collecting and passing cardholder authentication information generated by issuers and cardholders.
In MasterCard's European region, unique developments including Europe's first EMV smart card and card reader combination utilizing the UCAF railway are underway.