Electronic (E) Commerce is a way when people is doing business over large electronic networks such as internet.
This E-Commerce greatly facilitates transaction between
Matrix Global Ventures (MGV) offers the following services to its customers :
E-Commerce security system
Authorization Code Encryption also known as A.C.E is an E-Commerce security
system that provides encrypted code for online transaction authorization. The
main feature of this application is, it enables to work without any network
connection and line reception in order to generate the encrypted code.
The application is also available in PC and smartphone platform.
The purpose of this application is to authenticate whether the transaction
is made by the authorized user or otherwise. The authentication process
involves code encryption between the application and processing module
In order to use the application, users first need to retrieve a request code
from a webpage. The image shown is the most common webpage (online
shopping checkout page) where users can retrieve their request code. In this page,
users need to select their preferred bank.
Then users need to enter their username and password for A.C.E account.
In order to own an A.C.E account, users need to register their credential
with the bank that adopts A.C.E system
After the login succeeded, users may enter the request code that is displayed
on the webpage into the application.
Once users have entered the request code and pressed 'Generate Code ' ,
a generated code will appear and users need to enter the
generated code on the webpage.
Once users have entered the generate code and clicked 'Proceed ' ,
then, the processing module will authenticate the generated code whether
the code were generated for authorized user from authorized device
If the authentication successful, the transaction can be proceeded,
otherwise, there will be no transaction can be made. The code can be generated
without any network connection or line reception compared with Transaction
Authorization Code (TAC), it needs line reception in order for users to receive
the TAC code. If the line reception is weak, then it will take a longer time to
receive the TAC code