INFORM and Netcetera Continue Quest to Scale Trust in Online Payment Transactions to a Global Level
- Payments , Banking
- 03.03.2021 02:42 pm
INFORM, a leader in providing intelligent, customer-centric fraud prevention and AML compliance solutions, together with Netcetera, experts in delivering software for digitalization within the payments and banking industries, offer an end-to-end transaction risk management solution that protects online shoppers, issuers, acquirers, and merchants from fraud while reducing friction within the payment ecosystem.
From authentication to authorization, INFORM and Netcetera have been working closely with banks, payment service providers and merchants across Europe over the past several years to ensure online transactions are both secure and frictionless for all parties in the payment ecosystem. Now, with over 20 joint customers in Europe, both companies have set their eyes toward a global partnership rollout.
In Europe, this joint solution, including Strong Customer Authentication and Transaction Risk Analysis, has helped many financial institutions intelligently and efficiently navigate the regulatory requirements associated with online payments. The result has been a balanced approach that ensures both fraud reduction and maximization of conversion rates.
“The flexibility and added level of security offered by this end-to-end risk management approach toward online payment transactions has drawn attention beyond the European Economic Zone,” states Kiril Milev, Region Director ME & APAC at Netcetera. “We are currently onboarding three new customers in the Middle East. In the end, it is our goal, together with our strong partner INFORM, to create a payment ecosystem built on trust,” concludes Milev.
Roy Prayikulam, Senior Vice President Risk and Fraud at INFORM states: “Ensuring compliance to local regulations across the globe when it comes to online payment transactions certainly is a challenge for many financial institutions. We believe we have found the sweet spot together with our partner Netcetera when it comes to compliance, fraud reduction and frictionless payments through the added level of risk screening we provide with RiskShield to each transaction running through Netcetera’s state-of-the-art authentication tools. This approach of adding risk analysis to every participant in the payment ecosystem promotes more efficient and trustful transactions. We are excited to be rolling out this strategy together with Netcetera in the Middle East and APAC regions."
On March 10, at 03:00 p.m. CET Netcetera and INFORM will be presenting their joint end-to-end risk management solution, displaying how an integrated approach to authentication and authorization can improve both the security and flow of online transactions across the globe. The webinar is hosted by Payments Cards and Mobile and is titled: “From Authentication to Authorization – Creating a payment ecosystem built on trust”. More details and a sign-up form can be found here.