SafeCharge's solution supports businesses seeking to be
compliant with the rules on Strong Customer Authentication and to
strike a balance between security and user experience.
LONDON, June 13, 2019 /PRNewswire/ --
SafeCharge (AIM: SCH) - the payment service partner for the
world's most demanding businesses - today launched SafeCharge
Smart 3DS Service, an acquirer-agnostic solution that will
allow merchants to take advantage of the 3D Secure's approach to
Strong Customer Authentication. Many merchants are concerned that
the rules may lead to a significant loss of revenue. The solution
is available to any business, regardless of its acquiring partner.
It minimises the risks and enhances the user's payment
experience.
3D Secure 2.0 is the updated protocol supporting SCA
requirements. It ensures a seamless and more secure payment
experience, even on mobile devices, thereby reducing the risks of
fraud and customer drop-out. SafeCharge's Smart 3DS Service
dynamically routes customer transactions through a smart engine,
analysing various data points and parameters in real-time to ensure
the smoothest available secure payment flow and the best conversion
rates, with minimum input from the consumer.
"The e-commerce landscape is growing in sophistication, with
regulations becoming stricter and customers expecting the sleekest
experience, no matter how they shop. Merchants need to be able to
protect their customers in the least intrusive way to maximise
conversion rates, but the complexity associated with 3DS2 can often
be overwhelming," said David Avgi,
SafeCharge CEO. "We developed SafeCharge Smart 3DS Service in-house
from the ground-up, to enable any business to automatically direct
any payment flow through the best authentication process depending
on exemptions, rules and individual risk assessments."
Powered by the latest Machine Learning technology, SafeCharge
Smart 3DS Service is capable of analysing large amounts of
information and making smart decisions in real-time. It determines
whether the transaction might be exempted from additional
authentication steps with the issuing banks or, if it needs extra
input from the customer - such as a one-time password, or biometric
data. The solution is available through SafeCharge's Hosted Payment
Pages, APIs or via WebSDK, and offers complete control over
the user interface.
About SafeCharge
SafeCharge International Group Limited (AIM: SCH), is the
payment service partner for the world's most demanding businesses.
SafeCharge provides global omni-channel payments services from card
acquiring and issuing to payment processing and checkout, all
underpinned by advanced risk management solutions. This fully
featured proprietary payment platform connects directly to all
major payment card schemes including Visa, Mastercard, American
Express and Union Pay as well as over 150 local payment methods.
With offices around the world, SafeCharge serves a diversified,
blue chip client base and is a trusted payment partner for
customers across a range of vertical markets. The company has been
listed on the London Stock Exchange AIM market since 2014. For more
information see:
http://www.safecharge.com/
Media Contact
PR for SafeCharge
Michela Toffali – michelat@safecharge.com, +31-6-18945522
Francesco Tius - SafeCharge@axicom.com, +44-20-7559-5614