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 offers 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 progressive 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 shield customers globally.”
Entersekt’s 3-D Safe fee authentication resolution offers end-to-end transaction authentication throughout the service provider acquirer area, the cardboard issuer area, and the interoperability area. The corporate experiences 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 offered a 149% progress in transaction worth inside the first yr. The know-how leverages out-of-band, biometric, and silent authentication to reinforce the shopper expertise with dependable authentication and adaptive threat 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 corporations.
“We’re delighted to associate with Entersekt, one of many world’s foremost 3-D Safe suppliers,” Stanchion Chief Industrial Officer Chris Pappas mentioned. “This collaboration will allow us to supply enhanced capabilities and ship even higher worth to our purchasers, reinforcing our place as a pacesetter in fee integration options.”
Headquartered in Cape City, South Africa, Stanchion presents a variety of options and providers to assist corporations 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 embrace Verto, a next-generation integration and orchestration platform for banks and fee suppliers; and SwitchCare, a proactive monitoring and observability resolution. Stanchion additionally presents Skilled Providers within the type of platform-agnostic recommendation and assist in the course of the growth 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 carry 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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