ICE Launches Authentication Platform for CNP Merchants in Asia
June 1, 2010
Intelligent Communication Enterprise Corporation (ICE Corp) announced that it has successfully completed the installation of its new iCEmat authentication platform. iCEmat which stands for ICE Mobile Authentication Technologies is a more advanced version of the previously known PIVOT system. The company will launch commercial operation of iCEmat in August 2010 and will host and operate the application from Singapore. iCEmat is targeted primarily at preventing credit card fraud in CNP transactions. “Research shows that card fraud cost consumers and merchants $48 billion in 2008,” said Luther Jao, CEO of ICE Corp. “With the release of the current version of the application we are confident that we can make a significant contribution to the prevention of transaction fraud.” ICE Corp operates out of its offices in Malaysia, Philippines and Singapore.