NEC Payments Taps Netcetera’s 3DS 2.0 Solution for Enhanced Securityby Fintechnews Middle East 30. May 2021
Bahrain-based payment services provider NEC Payments has selected Netcetera for its 3DS 2.0 solution, the latest in payment security protocols.
NEC Payments is a rapidly growing digital banking and payment technology company that offers cloud-native banking-as-a-service in the Middle East.
The company is expanding geographically to offer banks, payment companies, digital platforms and other fintechs across Europe and North America access to their modular and embedded digital financial services solutions.
In order to guarantee their customers the highest transaction security possible, NEC Payments needed to implement the latest 3D Secure protocol 2.2.
NEC Payments connected with Netcetera via contacts at Mastercard Europe after joining the Mastercard Fintech Express Programme as a global partner recently and requested their help in the latest 3DS implementation, as mandated by many schemes.
To ensure purchases are both secure and smooth, Netcetera worked with NEC Payments to build a tailored ACS solution which supported 3-D Secure protocol 2.2 in line with Strong Customer Authentication (SCA).
This provides even higher purchase security while offering a user-friendly interface where the 3-D Secure is widely implemented by many major card issuers.
NEC Payments also plan to expand their use of silent authentication for virtual cards in the future.
Andrew Sims, CEO at NEC Payments said,
“We are delighted that we have found a partner in Netcetera that can support our requirements and deliver the latest security protocols in personalised settings and are looking forward to a long and fruitful collaboration to drive our business forward.”
Ramy Fouda, Director of Sales at Netcetera Dubai added,
“We were pleased to be able to deliver great results with state-of-the-art technology for NEC Payments. We pride ourselves on always offering the latest payment security solutions.”
Featured image credit: edited from Unsplash