Atlanta, Georgia-based Entersekt introduced a brand new strategic partnership with paytech options supplier Stanchion. The partnership will mix Entersekt’s 3-D Safe fee authentication answer with Stanchion’s Fee Cloth Know-how. Stanchion’s know-how offers superior integration capabilities that allow issuers to supply new functionalities to assist them modernize, remodel, and speed up innovation and enhance operational effectivity.
“We’re excited to accomplice with revolutionary fintech leaders like Stanchion,” Entersekt Chief Income Officer Marty Overman mentioned. “This collaboration aligns completely with Entersekt’s dedication to delivering safe, seamless fee options that empower monetary establishments and defend shoppers globally.”
Entersekt’s 3-D Safe fee authentication answer offers end-to-end transaction authentication throughout the service provider acquirer area, the cardboard issuer area, and the interoperability area. The corporate stories that its entry management server (ACS) has delivered a 70% discount in card-not-present (CNP) fraud inside one month, and a 54% improve in conversion charges over six months. Moreover, Entersekt’s ACS supplied a 149% progress in transaction worth inside the first 12 months. The know-how leverages out-of-band, biometric, and silent authentication to reinforce the client expertise with dependable authentication and adaptive danger intelligence. Entersekt acquired the 3-D Safe software program know-how enterprise from Modirum, a Finland-based safety know-how agency, in 2023. The transfer was designed to place Entersekt as a global chief in authentication options for monetary companies corporations.
“We’re delighted to accomplice with Entersekt, one of many world’s foremost 3-D Safe suppliers,” Stanchion Chief Business Officer Chris Pappas mentioned. “This collaboration will allow us to supply enhanced capabilities and ship even higher worth to our shoppers, reinforcing our place as a pacesetter in fee integration options.”
Headquartered in Cape City, South Africa, Stanchion affords a variety of options and companies to assist companies combine, handle, optimize, and safe their fee techniques. Based in 2001 and sustaining workplaces in Australia, the UK, the UAE, and the US, in addition to in South Africa, Stanchion’s options embody Verto, a next-generation integration and orchestration platform for banks and fee suppliers; and SwitchCare, a proactive monitoring and observability answer. Stanchion additionally affords Skilled Providers within the type of platform-agnostic recommendation and help throughout the growth and integration of latest fee environments. Steven Kirrage is CEO.
Entersekt made its Finovate debut at our builders convention, FinDEVr Silicon Valley 2014. Within the decade-plus since then, Entersekt has grown into a number one fraud prevention and fee safety answer supplier for banks and different monetary establishments. Based in 2010, the corporate processes greater than 2.5 billion transactions for 250+ million cardholders and 450,000+ retailers from almost 900 banks in additional than 70 nations. Entersekt’s flagship answer, its cross-channel Context Conscious Authentication platform, secures digital transactions and helps optimize the person expertise.
Earlier this 12 months, Entersekt introduced that Clare Conway had joined the corporate as Chief Integration Officer. Conway involves Entersekt after serving as Chief Working Officer for partnership automation platform, Partnerize. Additionally this 12 months, Entersekt introduced a brand new collaboration with Africa-based fee companies supplier enza. The paytech will leverage Entersekt’s 3-D Safe authentication to deliver stronger safety, fewer false declines, and seamless fee experiences to banking prospects in Africa. Banks within the area will profit from higher competitiveness, and the flexibility to broaden to new markets and pursue new income sources. Schalk Nolte is Entersekt CEO.
Photograph by Joey Kyber on Unsplash
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