Financial Banking Information

Paymenex TransNET is an all-in-one payment and transaction platform with a sophisticated and bespoke security standpoint that offers a range of value-added card security services and solutions to Paymenex™members, cardholders, and merchants. Developed on Java EE based application server and inline with the PCI security standards.

Paymenex was formed by a group of researchers, computer engineers and security scientists to develop Paymenex™ TransNET as an innovation to a secure and safer card payment network.

Paymenex Inc. from inception has pioneered the development of an innovative payment platform with bespoke security features that really solve the problem of card fraud by working closely with researchers, security scientists and professionals in graduate schools and financial services industry in United Kingdom, United States and India to achieve its mission.

Investigation and evaluation of the card fraud solutions as part of a research carried out at the Department of Computer Science -The University of Liverpool, potential flaws identified in the existing card fraud solutions and new card security solution called SMSV was proposed.

Card-not-present fraud identified as the leading card fraud with annual increase in United Kingdom by the Association for Payment Clearing Services (APACS – The UK Payment Association) and fronted as a problem that affect the development of e-commerce – www.apacs.org.uk and www.cardwatch.org.uk.

Paymenex is incorporated in the state of Delaware United States of America with prime mission to administer the implementation and operation of the Paymenex™ TransNET and in the same year sponsored a Professional Doctorate research in Information Security at the CITE Graduate School of the University of East London titled E-COMMERCE BOOM and DOOM and 3WSentry Card Security was found.

Paymenex TransNET implemented the 3WSentry card security technology to protect cardholders and merchants.

List of supported cards by paymenex

http://www.analyzatechnologies.com/blog/paymenex-cards/

Article Source:http://www.articlesbase.com/banking-articles/paymenex-1063563.html

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July 24th, 2009 | Category: Financial Banking | Comments Off
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