NextGen payments provider builds customer authentication solution with Netcetera technology, to help merchants adapt to new 3D Secure 2.0 regulation and enhance customer checkout success rates

Tel Aviv, Israel (ots/PRNewswire) - Credorax
(http://www.credorax.com/), the NextGen merchant acquiring bank
providing cross-border processing for ecommerce and omni-channel
payments, announced today its launch of its Smart 3D Secure solution
in partnership with digital payment expert and leading software
company Netcetera (https://www.netcetera.com/). This Smart 3D Secure
solution was built in-house by Credorax on top of Netcetera's
advanced 3D Secure core technology, which is EMVCo certified and
compliant with major EMV 3D Secure scheme programs. Credorax has
implemented the Necetera solution into its payment processing gateway
and added an Artificial Intelligence (AI) based optimization engine
that analyses each transaction in real-time for the best business
results. This early-market offering will assist merchants with their
compliance requirements to card schemes and European regulations in
the most seamless way possible, ensuring high acceptance rates.

"New mandated processing requirements can be seen as a burden, but
they can also drive innovation. In this instance, it inspired us to
develop a solution for optimized usage of 3D Secure, facilitating
frictionless customer authentication and smooth customer
experiences," said Moshe Selfin, Chief Operations Officer and Chief
Technology Officer at Credorax. "We are excited to partner with
Netcetera to launch this NextGen solution, which offers our merchants
the added advantage of compliancy to the Strong Customer
Authentication (SCA) requirements in the upcoming Payment Services
Directive 2 (PSD2)."

While confusion still surrounds PSD2 in Europe and the transition
to the new 3D Secure 2.0 protocol going into effect this year,
Credorax's Smart 3D Secure ensures that companies fully comply with
the PSD2 requirements for Strong Consumer Authentication. It also
comes with compelling business benefits, helping merchants improve
conversions, optimise their checkout process, reduce fraud, and stay
protected from fraudulent chargeback liability. Using Netcetera's
core technology, Credorax's new Smart 3D Secure offers secure user
authentication, supporting 3D Secure protocols 1 and 2, as well as a
fully comprehensive mobile application SDK. In addition, Cerdorax's
3D Secure Adviser is an AI-based flexible decision layer that
analyses each transaction in real time and decides on the best 3D
Secure routing, including risk assessment and exemption management.

"We are excited to build on our strong relationship with Credorax,
a company that understands the evolutionary loops in tech and
regulation and can react quickly to best serve their customers," said
Andrej Vckovski, CEO of Netcetera. "We are proud to provide the
technology on which Credorax has built this industry-leading seamless
and flexible solution, to guide merchants through regulatory
complexities, and pave the way for a future of compliant and
optimised global payments."

"Building on industry-leading Netcetera 3D Secure technology,
Credorax adds its cutting-edge technological expertise and AI
capabilities, giving merchants and payment service providers further
advantage in the ever-competitive online commerce market," says Moshe
Selfin.

Credorax provides merchants the necessary tools to win customers
and drive growth, and its Smart 3D Secure is its latest innovation to
leverage artificial intelligence to combat fraud and increase
transaction approvals without requiring any additional integration
beyond Credorax's payment API. Additionally, Credorax also offers
consulting services for merchants who want to make better decisions,
driven by data insights and 3D Secure and PSD2 expertise.

To celebrate the launch of their Smart 3D Secure, Credorax will be
hosting a joint Happy Hour with Netcetera on June 3, during Money
20/20 Europe in Amsterdam.

About Credorax:

Credorax is a licensed NextGen merchant acquiring bank providing
cross-border processing for ecommerce and omni-channel payments. Our
core gateway technology, SourceTM, has been developed in-house to
provide a streamlined payments experience so smart, that merchants
can reach their full business potential simply by better managing
their payments. Credorax merchants process in over 120 currencies,
accept a wide range of alternative payment methods, and get paid in
their currency of choice. Our merchants also enjoy best-in-class
approval rate optimisation, advanced fraud protection, business
intelligence and a host of other value-added services and products
adding up to a payments experience unlike any other.

About Netcetera:

As a leading Swiss software company, Netcetera supports its
customers worldwide with trend-setting products and custom software.
They cover the entire IT service lifecycle, from strategy to
implementation and operation. The balanced combination of
cutting-edge technology and proven standards ensures investment
security, from large-scale projects to innovative start-ups. As
payment expert and market leader in 3-D Secure, they offer innovative
digital payment solutions for 3-D Secure, mobile contactless payment,
digital wallets, risk-based and convenient authentication or digital
banking apps.

The company's 500 employees have one common goal: to help its
customers reach their digital business targets. Founded in 1996,
Netcetera is a holding company with headquarters in Zurich. They are
located in Switzerland, Liechtenstein, Germany, Austria, Macedonia,
and the United Arab Emirates.

Press Contact
Marisa Rijpkema
Senior Marketing Manager
Marisa.rijpkema@credorax.com

ots Originaltext: Credorax
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Original-Content von: Credorax, übermittelt durch news aktuell