launches new security program
introduced Virtual Account Numbers (VAN) program, a new security
technology to safeguard online payment transactions done through
credit card. The software was developed in association with Orbiscom,
a provider of online payment solutions for financial institutions.
The technology is based on the existing credit card processing
program, customers true credit card number will be stored
with Citibank. For online purchases, a random substitute account
number will be created. The retailers are thus prevented from
accessing the true credit card number and they are not required
to make any infrastructure changes.
of the bank can download the software free of charge at citicards.com
by entering their user name and password. The software will generate
a unique random credit card number for online purchases. The retailer
accepts the virtual credit card number as the true one.
director, e-business Citi Cards, said that the technology aims
to minimise fraud in online transactions. The software apart from
protecting the personal credit card detail of the consumers, enhances
the bottom line of online retailers by reducing their financial
liability for fraudulent purchases.
can be used for online purchases and purchases that do not need
the physical presentation of the card.
AMRO installs a Collaboration Tool
ABN AMRO has
launched divine MindAlign, a collaboration and knowledge-sharing
tool, for its 2,500 employees. A Chicago-based content management
software company, divine, has designed the product.
improves the internal communication in an organisation and minimises
the use of e-mails. The tool combines chat, instant messaging
and also provides access to previous information and knowledge.
ABN AMRO has
secured the product to establish global forums where information
and ideas can be exchanged in real-time. The product will be used
to collaborate the work both internally and with clients and partners.
It is initially used at the banks offices located in 17
countries and will soon be extended to offices in 45 countries.
installs software to functionalise personalised online banking
(ZKB), Switzerlands third biggest bank, has taken up Dialogue
software, from Exstream Software, for providing efficient personalised
online banking services for both businesses and consumers.
provides online access to account information, money transactions
and other bank statements.
outputs in PDF and HTML formats, supports all computing platforms
like MVS and IBM/AIX. It has a simple graphical user interface
and an object-oriented open architecture. The program can also
be used over 170 document applications.
also offers an eFulfillment web engine, allowing customers to
submit on-demand requests for data with custom designed web forms.
The forms get processed in instantly and are displayed on web
at the customer's site for easy access.