Atlanta, Georgia-based Entersekt introduced a brand new strategic partnership with paytech options supplier Stanchion. The partnership will mix Entersekt’s 3-D Safe cost authentication resolution with Stanchion’s Fee Cloth Expertise. 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 associate with modern fintech leaders like Stanchion,” Entersekt Chief Income Officer Marty Overman stated. “This collaboration aligns completely with Entersekt’s dedication to delivering safe, seamless cost options that empower monetary establishments and shield shoppers globally.”
Entersekt’s 3-D Safe cost authentication resolution offers end-to-end transaction authentication throughout the service provider acquirer area, the cardboard issuer area, and the interoperability area. The corporate reviews 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 offered a 149% progress in transaction worth inside the first yr. The know-how leverages out-of-band, biometric, and silent authentication to boost 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 associate with Entersekt, one of many world’s foremost 3-D Safe suppliers,” Stanchion Chief Business Officer Chris Pappas stated. “This collaboration will allow us to supply enhanced capabilities and ship even larger worth to our purchasers, reinforcing our place as a pacesetter in cost integration options.”
Headquartered in Cape City, South Africa, Stanchion presents a spread of options and companies to assist corporations combine, handle, optimize, and safe their cost 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 cost suppliers; and SwitchCare, a proactive monitoring and observability resolution. Stanchion additionally presents Skilled Companies within the type of platform-agnostic recommendation and assist in the course of the growth and integration of recent cost 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 cost safety resolution 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 practically 900 banks in additional than 70 nations. Entersekt’s flagship resolution, its cross-channel Context Conscious Authentication platform, secures digital transactions and helps optimize the consumer expertise.
Earlier this yr, 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 yr, Entersekt introduced a brand new collaboration with Africa-based cost companies supplier enza. The paytech will leverage Entersekt’s 3-D Safe authentication to deliver stronger safety, fewer false declines, and seamless cost experiences to banking prospects in Africa. Banks within the area will profit from larger competitiveness, and the power to develop to new markets and pursue new income sources. Schalk Nolte is Entersekt CEO.
Photograph by Joey Kyber on Unsplash
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