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 resolution with Stanchion’s Cost Material Expertise. Stanchion’s know-how supplies superior integration capabilities that allow issuers to supply new functionalities to assist them modernize, rework, 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 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 resolution supplies 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% enhance in conversion charges over six months. Moreover, Entersekt’s ACS supplied a 149% development 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 providers firms.
“We’re delighted to associate 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 larger worth to our purchasers, reinforcing our place as a pacesetter in fee integration options.”
Headquartered in Cape City, South Africa, Stanchion affords a variety of options and providers to assist companies combine, handle, optimize, and safe their fee methods. Based in 2001 and sustaining places of work 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 resolution. Stanchion additionally affords Skilled Companies within the type of platform-agnostic recommendation and assist in the course of the improvement and integration of recent 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 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 fee providers supplier enza. The paytech will leverage Entersekt’s 3-D Safe authentication to convey stronger safety, fewer false declines, and seamless fee experiences to banking clients in Africa. Banks within the area will profit from larger competitiveness, and the flexibility to increase to new markets and pursue new income sources. Schalk Nolte is Entersekt CEO.
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