Nottingham, U.K – 21 January 2019 – Compass Plus, an international provider of retail banking and electronic payments software to payment processors and financial institutions, has announced that Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of the largest card issuers in Vietnam, has made online transactions more secure for its customers. The bank, which utilises from Compass Plus, has successfully completed its Verified by Visa certification, allowing its customers to benefit from the added security of 3D Secure authentication for online transactions.
The addition of Verified by Visa strengthens the bank’s efforts in the fight to reduce card-not-present fraud, by adding another layer of security for online debit and credit card transactions that authenticates the cardholder’s identity at the time of purchase. The next phase of the project will see VietinBank and Compass Plus work together to achieve Mastercard SecureCode and JCB J/Secure certifications for the bank to be able to provide a comprehensive portfolio of online security programs for its customers.
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is one of the leading commercial banks in Vietnam with diverse personal and corporate financial services. VietinBank is also the pioneer in the field of retail banking, particularly in card business. It is the leader in providing Visa/Mastercard credit cards, E-Partner domestic debit cards as well as domestic and international acquiring services. VietinBank has the largest network of card acceptance across Vietnam, and is also the first bank to providing services such as hospital bill payment through kiosk banking and nonstop-moving toll payments.
About Compass Plus:
Compass Plus provides comprehensive, fully integrated and flexible payments software and services that help financial institutions and payment service providers meet rapidly changing market demands. Our diverse customer base spans retail banks, processing centres, national switches and personalisation centres in countries across Europe, Asia, Africa, the Middle East, North and South America. With 30 years’ experience, Compass Plus helps build and manage all-scale electronic payment systems that generate new revenues and improve profits for its customers.