GHL enables MyDebit Secure Card-Not-Present for safer online payment transactions

KUALA LUMPUR (April 10): GHL Systems Bhd has enabled MyDebit Secure CNP (Card-Not-Present) from Payments Network Malaysia Sdn Bhd (PayNet), which is set to benefit over 1,500 of GHL’s online merchants.

GHL is the latest PayNet ecosystem participant to offer the more secure and safer online card-not-present payment solution in the country, the company said in a statement on Monday (April 10).

Among GHL’s key online merchants that will benefit from this enablement are Best Buy World Malaysia, Easystore Commerce, Nihon Skin, EGroup Tech and CLT Asia Sdn Bhd (Camel Active online retailer).

Quoting a Forbes report, GHL said that global retail e-commerce transactions value is expected to reach US$6.3 trillion (RM27.8 trillion) this year, which would also likely lead to fraud attempts.

“This fuelled demand for 3D secure payment authentication solutions like MyDebit Secure CNP that offers protection from fraud to both merchants and customers regardless of the device used to make or receive online payments — mobile, desktop or tablet,” GHL said.

It added its 3D secure payment solution is capable of being delivered via merchant plug-ins or bank applications.

This MyDebit Secure CNP enablement is designed to facilitate 3D secure payment verifications to assist fraud prevention in online debit card purchases, the company added.

GHL Malaysia’s chief executive officer Kevin Lee said as the e-commerce industry continues to grow rapidly, GHL understands that merchants need reliable payment solutions to protect their business and their customers.

“With MyDebit Secure CNP, our merchants can now offer their customers a more secure and convenient way to pay online without compromising on their shopping experience,” said Kevin.

Gary Yeoh, chief commercial officer of PayNet, said MyDebit Secure CNP and PayNet aim to better support ecosystem participants.

Shares of GHL closed at 1.82% or 1.5 sen higher to 84 sen per piece, giving it a market capitalisation of RM953.08 million.