Compass Plus announced  that Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) 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 it claims, 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.

by Bill Boyle
IBS Intelligence Senior Editor