Back to all announcements

Mosaic Software Introduces Additional Fraud Security for eCommerce Transaction Processing

London, 26 March 2002 - Mosaic Software, leading provider of Electronic Fund Transfer (EFT), Prepay and web-enabled ATM software has announced the general availability of Postilion Integrated Payments for eCommerce (PIPE), a fast track solution to address the requirements of merchants and commerce service providers (CSP’s) in the card-not-present market.

Postilion PIPE is designed specifically to handle all the processing equirements for Internet eCommerce and Mail Order Telephone Order (MOTO) transactions. PIPE provides for real time authorisation and secure transaction
processing when the card and card holder are not physically present. Payments initiated by credit cards, debit cards or cheques are supported.

Due to the greater opportunity for fraud, the card-not- present market has more stringent requirements for transaction processing than card present transactions.
Due to these requirements which are intended to protect all parties from fraud Postilion PIPE implements security at the network level by providing secure channels for data transfer using Secure Socket Layers (SSL). In addition, at the EFT level, card authentication through the use of card verification values (CVV2) and address verification services (AVS) is also provided.

"The Postilion Integrated Payments for eCommerce solution is the most scalable solution today in the MOTO credit card market, and can handle up to 720,000 transactions per hour. Merchants and CSP’s, both small and large, will be pleased with the competitive nature of our investment structure. In addition, our new solution is based on the highly reliable Microsoft Windows 2000 based
Postilion platform so it is much easier to support and more flexible when adding additional payment processing capabilities, than existing products available on the market today" stated Nigel Bidmead, Managing Director Europe/Middle East, Mosaic Software.

An added benefit of the Postilion Integrated Payments for eCommerce solution is that it integrates fully with emerging technologies (including WAP-enabled mobile phones, the Internet and digital TV), providing a true multi-channel payment solution.