Infinitium developed the premier authentication platform Integrated Mobile Secure (IMS) with ACS 3D Secure and Dynamic 2FA OTP to Panin Bank,Indonesia

General Press Releases Monday December 9, 2013 16:40
Bangkok--9 Dec--Infinitium Group of Companies

Infinitium proudly announces that Panin Bank Indonesia has launched the ACS &3D Secure with Dynamic 2FA OTP developed by Infinitium “ Integrated Mobile Secure (IMS) Solution” with the intention of improving the security and enhancing consumer’s confidence of Internet payments through various channel such as E-commerce, Mobile Commerce and MOTO (Mail Order Telephone Order)

The IMS is premier authentication platform that designed for Issuers to provide a comprehensive payment verification and authentication capability for their Card-Not-Present (CNP) transactions and able to eliminate the need of static password. The cardholder doesn’t need to register and remember any password since the IMS offers the capability for 2 Factor “Out of Band” authentication via mobile devices. It also eliminates the threats of Phishing, Trojans, Man-In-Middle attack and keyboard logging.

Mr. Ken Ng, Retail Banking Director of Panin Bank said “The latest e-Payment technology solution will ensure Panin cardholders convenience and get pleasure from shopping online through local and international website with various channel. It has simple enrollment and provide safety authentication process.”

Mr. Ching Wee Ho, Founder/CEO of the Infinitium group of companies said “ IMS is designed to reduce risks of fraudulent transactions and the costs from fraudulent chargebacks to increase shopper’s convenience in online purchasing that enhance the e-commerce spending and competitive service in the market. The Bank able to control and manage card use for online purchases.

One of the most advantage of IMS enhancement is able to support next generation of e-Payment and a wide range of authentication methods providing flexibility to the bank to choose different authentication methods to meet costumers’ need and support to extend the 3D Secure framework to include multiple payment channels such as MOTO, Mobile Commerce,IVR

“We continually innovate our e-Payment technology and service to help our client to maximize business value and keeping developments toward fast changing of technology, consumer behavior and many other factors that impacts to the banks, merchants and cardholders ”, further added Mr Ching Wee Ho.

About Panin Bank

Established in 1971, Panin Bank was listed on the Jakarta Stock Exchange in 1982, the first Indonesian bank to Go Public. Since its inception the management strives to deliver value to all stakeholders by striking a balance between prudence and progressive growth.

A strong capital base and prudent risk management has allowed Panin to navigate economic volatility and periods of uncertainty. Panin Bank’s strong capital structure and growth strategy continued to be reinforced as the Bank focuses toward expanding its commercial and consumer markets.

The business strategy is clearly showing positive results as the Bank gains momentum towards its goal of being a driving force in the Indonesian banking industry.

As of the end of September 2013, Panin Bank’s consolidated assets amounting to Rp153.18 trillion, total Deposits Rp116.63 trillion, credit outstanding Rp110.09 trillion and total networth Rp19.41 trillion, with market capitalization of Rp17 trillion. Panin Bank operates through its 500 branches and ranked as the seventh-largest national bank in term of total assets.

The current shareholders of the Bank are the founding shareholder, Panin Financial with 46%, Votraint No. 1103 PTY LTD 39% and the public with 15%.
More Detail,Please Visit www.panin.co.id
About Infinitium Group of Companies

Founded in 1997, Infinitium Group of Companies, offers a comprehensive end-to-end e-Business and e-Payment solutions and services to banks and enterprise merchants across Southeast Asia. Different member companies focus on related and synergistic solutions ranging from storefront and payment systems to fraud management and mobile application system.

Headquarter in Malaysia and a second full fledge office in Indonesia plus Support centre in Singapore, and representative offices in Philippines, Thailand, and Vietnam. We are also expanding to strategic countries across Asia.

For more than 15 years we have successfully build our business with a growing list of reputable commercial clients from different sectors and different industries such as financial institutions/ banks, airlines, telecommunications, resort and hotel groups, and media & press. Our forte in electronic payment solutions for internet and mobile applications are designed to empower our customers with the tools and solutions to compete successfully in the new e-Commerce and m-Commerce paradigms.

For further information please contact ;
Infinitium Group of Companies
Infinitium,Malaysia and Singapore
NK Kee
Email : kee@infinitium.com
Tel : Tel: (+603) 7880 4077
Infinitium,Indonesia
Joni Haryono
Email : joni@infinitium.com
Tel : (+6221) 525 3389 / (+6221)522 6751
Infinitium,Philippines
Andrian Lee
Email : alee@infinitium.com
Tel : (+639)1783 40194
Infinitium,Thailand and Indochina
Piraya
Email : piraya@infinitium.com
Tel : (+668)1962 9105
Infinitium,China and India
Email :sales@infinitium.com
Tel : Tel: (+603) 7880 4077
More Detail,Please visit : www.infinitium.com

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