CardinalCommerce Corp., a payment-security company, said it will begin offering SafeDebit, an Internet debit product from the NYCE Payments Network LLC unit of Fidelity National Information Services Inc., to merchants as part of its Centinel service.
SafeDebit creates virtual debit card information for one-time use and automatically fills in the required payment fields on the merchant's checkout screen. No PIN is required, but the consumer must have a username and password similar to online banking login credentials. "This is an opportunity to bring what we feel is a very high-quality debit product to the market," said Michael Keresman, Cardinal's chief executive. The move was announced Monday.