Thirteen Pioneer Partners Come On Board for B-Secure
 
Oct 02, 2018
Category:

Artajasa and Infinitium unveil B-Secure domestic authentication platform to support secure and seamless e-commerce transactions in line with National Payment Gateway

Jakarta, 27 September 2018 --( ASIA TODAY )-- B-Secure, the domestic authentication system for online payments developed jointly by PT. Artajasa Pembayaran Elektronis (Artajasa) and PT. Infinitium Solutions (Infinitium) is unveiled today, alongside the announcement of 13 pioneer partners comprising issuing banks, merchants and Payment Gateway (PG) service providers who have committed to integrate B-Secure into their e-payment services. The event was witnessed by Bapak Pungky P. Wibowo, Executive Director of Electronification and National Payment Gateway, Bank Indonesia.

Of the 13 partners on board, eight are from the issuing banks under ATM Bersama network, namely Bank Negara Indonesia (BNI), Bank Syariah Bukopin, Bank Syariah Mandiri, Bank Tabungan Negara (BTN), Bank OCBC NISP, Bank DBS, Bank Bukopin and Bank Papua. Meanwhile, Mimopay, Rumah Zakat and Padiciti are the three pilot merchant partners whereas supporting PG partners are Doku and Faspay. These partners represent key stakeholders within the online payment ecosystem who have shown their vote of confidence in the B-Secure authentication platform.

B-Secure, an end-to-end domestic authentication platform for issuing banks and merchants to process e-commerce transactions, is a complementary infrastructure support to the e-payment ecosystem. It is compatible to be incorporated within the existing ATM Bersama framework with 94 bank and non-bank institutions, and potential of over 107 million cardholders in Indonesia.

“The announcement of B-Secure is in line with the National Payment Gateway (GPN) initiative in promoting easy and affordable cashless transactions for the public, while enhancing customer protection by securing data for each transaction. By providing an authentication platform for domestic transactions that is secure for consumers and banks, B-Secure supports the strengthening of an interconnected e-payments ecosystem that has interoperability and is able to carry out transactions including authorisation, clearing, and settlement. The B-Secure domestic authentication system is a commendable effort by PT. Artajasa Pembayaran Elektronis with our partner, Infinitium to facilitate the e-commerce boom in Indonesia,” said Pak Bayu Hanantasena, Chief Executive Officer of PT. Artajasa Pembayaran Elektronis.

“Authentication is a crucial component in the security aspect of payments to boost debit card transactions in the e-commerce arena. An authenticated payment platform creates confidence and trust to engage in payment services and online debit card transactions among cardholders, merchants and banks. B-Secure with dynamic authentication is a feature enhancement within the payment gateway and switching capabilities of Artajasa, to provide security and convenience of card-not-present payment in e-commerce transactions,” stated Pak Bayu.

“We believe that B-Secure is a game changer for the Indonesian domestic card GPN, as this solution provides flexibility and new capabilities for GPN cardholders to enjoy the convenience of online shopping and securely make payment for services, without the fear of payment fraud and unauthorized charges to their GPN account. B-Secure also enables GPN cards to have similar capabilities as Global Branded Scheme cards in online e-commerce and mobile commerce security. We look forward to enabling secure payments and beyond for the Indonesian market, given Infinitium’s robust technological infrastructure and capacity for transaction volume to ensure optimum up-time,” said Ho Ching Wee, Chief Executive Officer of Infinitium Group of Companies.

As Indonesians become more engaged in e-commerce given the increasing usage of smartphones and internet penetration, B-Secure can galvanise greater adoption of e-commerce transactions using a secure and authenticated platform.

“Cardholders with existing GPN accounts do not need to open a separate account or transfer fund into a separate wallet, instead will now be able to use their GPN card online once the Issuer Banks embark on B-Secure. This is a ready-captive market and we have the economies of scale to move the industry due to sheer volume of the captive market share,” Ho added.

Pak Bayu further commented, “As a big population of Indonesians do not hold credit cards, B-Secure now enables these previously “unbanked” people to carry out Online Debit payment for e-commerce. As for banks and merchants, B-Secure will be a new model for acceptance of payment that offer a better system in terms of security and scheme efficiency.”

Pak Donny Bima Herjuno of Bank Negara Indonesia (BNI), representing one of the pioneer issuer partners urged for greater participation through industry collaboration in adopting B-Secure. He said, “Indonesia is facing a paradigm shift in the banking and retail sectors, thus having in place a secure and seamless e-commerce transaction system for all parties is no longer an option, but a necessity. By having this platform, it is aligned to the e-commerce roadmap, which aims to promote online payments penetration. B-Secure authentication will enable and equip all stakeholders involved in Indonesia’s e-commerce market towards exponential growth.”

B-Secure, Enabling Domestic E-Commerce Payment
B-Secure is a real-time and online authentication platform for the stakeholders in the e-commerce ecosystem to securely authenticate and authorise an online GPN transactions across e-commerce and mobile-commerce space.

With Dynamic One-Time Password (OTP) Authentication, B-Secure facilitates a secure transaction cycle among cardholder, bank and merchant in a single process. As a result, the transaction can be completed in real-time and securely benefitting the whole ecosystem:

• Merchants use B-Secure platform to request for authentication and authorisation approval.
• Banks use B-Secure to verify the authenticity of the requesting merchant and authentication the card holder via OTP or other authentication channels such as biometrics.
• Cardholders use B-Secure to enter the OTP and securely complete the transaction in real-time.

B-Secure’s domestic authentication proposition is key to equip all stakeholders in the e-payment ecosystem in preparation for Indonesia’s e-commerce volume growth. Besides generating new revenue streams for issuing banks through the increased usage of their cards for online e-commerce, banks can assure customers that their GPN cards is on par with other Global Scheme cards in terms of security capability for online e-commerce and mobile commerce transactions.

Cardholders can have the peace of mind knowing that their cards are secure with OTP, thereby avoiding unauthorised charges to their bank accounts. They can use their GPN cards to enjoy the convenience of online shopping, and at the same time carry out real-time payment for their purchases.

As for merchants, B-Secure allows them to conduct real-time and secure payment with instant confirmation of approval. This will lead to an increase of sales turnaround and a decreased cost of transactions, besides preventing fraud. Acquiring banks will also be able to generate new revenue streams for accepting GPN online transactions and process GPN payments securely with real-time authentication and authorisation.

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ABOUT PT. ARTAJASA PEMBAYARAN ELEKTRONIS
PT Artajasa Pembayaran Elektronis (Artajasa) is a pioneer of electronic payment system in Indonesia, founded in February 10, 2000. The Company is principal of ATM BERSAMA which is the largest shared ATM network in Indonesia consist of Banks and non-bank institutions. ATM BERSAMA also connected to other cross border principals such as MEPS from Malaysia and other countries. Currently, 94 institutions have joined with ATM BERSAMA network that connects more than 77.000 ATMs nationwide.

Artajasa also develops and manages bill payments network for various industries such as, telecommunications, utilities, transportation, insurance, multi-finance, and education. With more than 18 years experience in the payment system development, the company is expanding its services for providing integrated payments solutions, including delivery channels, electronic money, payment instrument solutions and beyond. For more information, please visit www.artajasa.co.id.

ABOUT PT. INFINITIUM SOLUTIONS
PT. Infinitium Solutions (PTIS) is the subsidiary company of Infinitium Group of Companies. Based in Jakarta, Indonesia, PTIS is established in year 2008 and operates as the Sales and Technical Support Centre to service its local clientele.

In Indonesia, Infinitium has an established portfolio in authentication system and payment gateway services. Among the suite of product solutions by Infinitium are the bank payment gateway (BPG) and recurring payment system (RPS) for acquirers and merchants, Infinitium e-Mall and Infinitium Mobile eXperience (IMX). The Infinitium Integrated Mobile Secure solution (Infinitium IMS) is currently used by 22 local issuer banks to serve their credit card and debit card users in Indonesia. For more information on Infinitium, please visit www.infinitium.com.

For further press information, please contact:

ARTAJASA media contact:
Mutiara Prima Putri
Marketing Communication
Tel : +62 812 9900 0350
Fax : +62 21 2917 7001
Email : mutiara.prima@artajasa.co.id

INFINITIUM media contact:
Brenda Tan
Integrity PR (Malaysia)
Tel : +60 16 834 8945
Email : brenda@integritypr.com.my

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