Local Switching Secure (EMV 3DS)
Local Switching Secure (EMV 3DS)
ITMX's Local Switching Secure (EMVCo) is authentication process for debit card purchasing via online e-commerce channel by providing an additional layer of identity verification before authorization. The Authentication Process enables the exchange of data between the merchant and card issuer to validate that the transaction is being initiated by the card holder of the account using One Time Password or OTP. Our solution has been adopted from EMVCo standard version 2.1 which is international standard that makes authentication simple, lowers friction for consumers and helps prevent card-not-present fraud and ensure good transactions are seamlessly approved.
Banking Institutions
Qualifications of the Applicant
1) Must be either a commercial bank licensed to conduct commercial banking under the Financial Institutions Business Act B.E. 2551 (2008) or a bank established under specific legislation.
2) Must be a business provider of the designated payment services under the Payment Systems Act B.E. 2560. (2017).
Revocation of Membership
1) The bank's license to operate commercial banking under the Financial Institutions Business Act B.E. 2551 (2008) has been revoked, or the bank has been disqualified as a bank established under specific legislation.
2) The business provider's license to operate a designated payment service under the Payment Systems Act B.E. 2560. (2017) has been revoked.
Non-bank payment service providers
Qualifications of the Applicant
1) Must be a designated payment service provider under the Payment Systems Act B.E. 2560. (2017)
2) Must guarantee the ability to settle the clearing balance with financial institutions that are members of the BAHTNET system and are collateral providers (CP) in accordance with the Bank of Thailand's Securities Requirement For Settlement in the BAHTNET system
Revocation of Membership
1) The license to be a designated payment service business provider under the Payment Systems Act B.E. 2560 (2017) has been revoked or;
2) Lack of collateral for the ability to settle the clearing balance with financial institutions that are members of the BAHTNET system and are collateral providers in accordance with the Bank of Thailand's Securities Requirement For Settlement (SRS) in the BAHTNET system
Retailers or Point Of Sale payment service providers
For more information about the service terms and conditions, the retailer or service provider can contact the bank or the institutions of the payment service providers directly.
Customers or users of the payment service
The customer, who holds debit card issued by a local issuer bank and makes purchases within the country, can contact the issuer bank or institution directly for more information on card registration and usage.
of Service
Benefits
1. Delivers a simple and secure authentication experience for the cardholder driving eCommerce growth.
2. Enhances a security standard by using EMV 3D-Secure version 2.1 which is compatible with global standard making internet card payment more secure, while achieving a better balance between security and customer convenience.
3. Delivers an enhanced data exchange between merchants and issuers to help improve authorization and increase merchant checkout rate.
The company is aware of the highest security for information transmitted via the electronic media of the Local Switching system. We ensure the highest security by prioritizing the use of the most advanced security technology, including data encryption throughout the connection. Additionally, we incorporate private network devices between the company and member banks that control the connection devices using the Security Key system. The company focuses on providing the most advanced security for the advancement of the national transfer/payment system to meet EMV (Europay, Mastercard, and Visa) which is global standards for Card Not Present (CNP). Furthermore, to protect users from any form of interception while ensuring the integrity of information transmitted through the system.
Security
