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akarta: Interbank network provider Artajasa Pembayaran Elektronis and payment security provider Infinitium Solutions announced on Wednesday a joint project would be kicked-off to develop an end-to-end authentication e-commerce payment method for issuing merchants and banks using the former’s ATM Bersama network.

The project called B-Secure with dynamic one-time password (OTP) authentication, will be launched in the first half of 2017 as a specified e-commerce payment method available through various banks, most of which do not have Visa or MasterCard authentication licenses for e-commerce transactions.

Artajasa director Nawawi said on Wednesday the project would facilitate e-commerce transactions between merchants, issuers and cardholders.

“With the system, merchants will be able to conduct real-time, online debit, authentication and authorization, in a single process with real-time approval status from member banks [under the ATM Bersama],” he said at the project’s announcement on Wednesday.

On the other hand, card issuers are able to authenticate the cardholder and authorize the online transaction in a secure and real-time setting, while cardholders of member banks can make secure online purchases with dynamic OTP authentication. — JP