Home News & events Press Releases 2008 NORVIK BANK obtains VISA certification of TranzWare e-Commerce ACS module

 

Norvik-bankaNORVIK BANKA (Latvia) obtained VISA certification of TranzWare e-Commerce ACS module (Access Control Server) offered by Compass Plus. The certification will enable Internet payments using 3-D Secure protocol that supports the usage of a password in order to identify the cardholder and therefore helps reduce risks for online merchants. The ACS module was certified in the MasterCard payment system in the spring of 2007.

Head of NORVIK BANKA’s Payment Cards Department, Maria Golubeva held the work done by Compass Plus specialists in high esteem and had the following to say: “Despite Visa having significantly changed ACS server requirements in relation to the cryptographic RSA keys during the launching of the system in the Bank, we were nevertheless able to pass certification successfully with the help of Compass Plus specialists.”

The collaboration between NORVIK BANKA and Compass Plus began in 2003 when Lateko Bank (NORVIK BANKA‘s former name) decided to migrate from another vendor’s system. Since then the Bank and Compass Plus have successfully completed many projects and they continue to further develop relations. Amongst other things, the Bank is one of the first to have commercially launched a fraud monitoring system based on TranzWare Fraud Analyzer. Furthermore, the Bank became one of the first to launch the e-commerce system with 3-D Secure technology built on TranzWare e-Commerce.

NORVIK BANKA is one of the most successful Banks on the Latvian financial market. According to a leading international financial periodical, The Banker, in 2005 the publication especially drew attention to the Bank’s focus on information technologies, which make it possible for the Bank to offer new convenient services and solutions to their customers. NORVIK BANKA has Principal Member Status in both the Visa and MasterCard payment systems and has issued over 150,000 cards under these brands.
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