China UnionPay data and Arcot Systems form partnership.

China UnionPay (CUP), the national bankcard association in China, through its subsidiary China UnionPay Data (CUP Data), and Arcot Systems have announced a partnership that will help minimize Internet transaction fraud. Under the agreement, CUP Data will use Arcot's TransFort family of solutions in the joint development of a common risk management outsourcing service, for marketing to card issuers in China.

Established in January 2003 in Shanghai; CUP Data provides professional and highly customizable bank card processing platform outsourcing services for financial institutions; it also offers system integration, solutions, services, platform and network infrastructure associated with bank card issuing and processing in order to help customer banks succeed in the highly competitive banking card industry. As a start, CUP Data will use Arcot's TransFort solutions to enable customer organizations to roll out their credit card Internet transaction authentication programs including Verified by Visa, MasterCard SecureCode, and JCB J/Secure based on the 3-D Secure Protocol that Arcot co-invented with Visa in 2000. Under the agreement, Arcot is also designating CUP Data as an authorized reseller and integrator for Arcot's products, providing customization/localization and after-sale service work to Arcot's bank or financial institution customers in China.

China UnionPay Data (CUP Data) is a subsidiary of China UnionPay, established in January 2003 in Shanghai with registration capital of 185 million RMB. www.arcot.con