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enStage Showcases e-Commerce Solutions
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enStage online security, payment solutions and electronic payment cards to be showcased at the Visa forum.
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Monday, September 04, 2006:
Bangalore: enStage, a provider of innovative payment technology in India, is going to showcase its e-commerce payment solutions at the Visa International South Asia Member Forum 2006 to be held at The Leela, Kovalam Beach, Kerala on 5 and 6 September 2006. During the 2-day conference, Visa will host international speakers, key partners and member financial institutions from Bangladesh, India, Maldives, Nepal, Pakistan and Sri Lanka.
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enStage is the only provider in India to offer hosted Verified by Visa and electronic card services and is certified by Visa International. The enStage electronic card, as implemented at HDFC Bank, enables banks to offer a one-time use virtual card that can be used at any online merchant that accepts Visa brand products.
enStage provides 'Verified by Visa' security solutions, a global Visa initiative (www.verifiedbyvisa.com) that uses personal passwords or identity information to help protect Visa card numbers against unauthorised use. Once activated, use of Visa cards in online purchases requires a personal password only known to the cardholder.
“With the increase in credit card and identity theft, it is becoming critical that consumers protect themselves while making online purchases,” says Govind Setlur, CEO at enStage. “enStage offers payment solutions that will enable consumers to shop online with confidence,” he added.
“The electronic card is a unique solution that permits anyone with just a bank account to obtain a Visa card for the purpose of safe online transactions. With the electronic card, the merchant only gets a single-use card with limited value, protecting the actual source of funds from fraudsters,” Setlur said. In a country such as India, these solutions have enormous potential as they aim at preventing online fraud and credit card theft and in themselves act as catalysts in the growth of e-commerce,” he added.
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