|
ATM Direct's
solution represents a revolution in alternative
payment methods because it allows the use of PIN
debit on the Internet with a service that does
not require purchase of additional hardware.
Debit cards can be used as either signature
debit or PIN debit at the retail point of sale.
While hardware solutions to enable PIN debit
payments on the Internet exist, there is
currently no software-only solution that enables
this payment method at the Internet merchant
checkout. The lack of a ubiquitous solution for
Internet PIN debit prohibits online use of the
approximately 90 million debit cards issued in
the U.S. that can be only used with a PIN .
ATM
Direct's solution requires no additional
hardware infrastructure from the consumer, merchant, network or financial
institution side, and payments are processed using existing
channels. When consumers choose to pay
with PIN debit at the Internet merchant
checkout, ATM Direct's graphical PIN-pad appears
on the checkout screen. Consumers enter their
PIN on the PIN-pad using their mouse. The PIN is authenticated
directly with the consumer’s bank through ATM Direct's secure data center
by routing the transaction to the appropriate EFT network
without passing the transaction through the merchant’s system.
Our solution ensures that the consumer’s PIN is never available on
the merchant site or in the consumer’s computer, and cannot be
logged or hacked.
|
