enStage security for Kotak Bank shoppers

BANGALORE: enStage Inc., provider of e-commerce security solutions and electronic card security products in India, today announced the launch of Kotak Netc@rd by Kotak Mahindra Bank, implementing enStage’s electronic prepaid card solutions built using ACCOSA - its enterprise-level payment platform.

Netc@rd offers security to online shoppers through a single transaction, prepaid, electronic card with a life span of 24-48 hours. enStage said in a statement that the electronic card can be used at online merchants worldwide that accept Visa credit or debit cards. The single transaction nature of the card combined with the ability to limit the value of the card to the transaction amount of the online purchase prevents fraudulent use of the payment instrument.

KVS Manian, head retail liabilities and branch banking, Kotak Mahindra Bank, said, “Netc@rd allows our customers to shop online without having to give their actual card number to the merchant. Additional features such as card limit and automatic expiry, further mitigates risk of fraudulent use.”

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