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 Cost Material Expertise. Stanchion’s expertise gives 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 companion 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 shield customers globally.”
Entersekt’s 3-D Safe fee authentication answer gives end-to-end transaction authentication throughout the service provider acquirer area, the cardboard issuer area, and the interoperability area. The corporate studies 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 throughout the first yr. The expertise leverages out-of-band, biometric, and silent authentication to reinforce the shopper expertise with dependable authentication and adaptive danger intelligence. Entersekt acquired the 3-D Safe software program expertise enterprise from Modirum, a Finland-based safety expertise 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 companion 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 better worth to our purchasers, reinforcing our place as a frontrunner in fee integration options.”
Headquartered in Cape City, South Africa, Stanchion provides a spread of options and providers to assist corporations combine, handle, optimize, and safe their fee programs. 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 answer. Stanchion additionally provides Skilled Companies within the type of platform-agnostic recommendation and help in the course of 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 practically 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 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 clients in Africa. Banks within the area will profit from better competitiveness, and the flexibility to increase to new markets and pursue new income sources. Schalk Nolte is Entersekt CEO.
Photograph by Joey Kyber on Unsplash
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