Entersekt and Stanchion form payments partnership
Entersekt is thrilled to announce its strategic partnership with Stanchion, a leading global PayTech solution provider.
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This collaboration marks a significant step towards enhancing payment integration capabilities and delivering cutting-edge solutions to financial institutions worldwide.
Stanchion, established in South Africa in 2001 and now with a global presence spanning offices in South Africa, Australia, United Kingdom, United Arab Emirates, and the United States, is renowned for its Payment Fabric technology. This technology empowers issuers by modernizing, transforming, and accelerating innovation within payment systems, thereby optimizing operational efficiency and extending the lifespan of existing investments.
Entersekt brings to the partnership its robust 3-D Secure payment authentication solution, renowned for its ability to provide end-to-end transaction authentication across all three domains: the merchant acquirer domain, the card issuer domain, and the interoperability domain. The Entersekt access control server (ACS) has consistently delivered impressive results, including a 70% reduction in card-not-present (CNP) fraud within one month, a 54% increase in conversion rates over six months, and a remarkable 149% growth in transaction value within the first year. With features such as out-of-band, biometric, and silent authentication, Entersekt's solution ensures strong authentication and adaptive risk intelligence, enhancing customer experiences and reducing cart abandonment.
'We are excited to partner with innovative fintech leaders like Stanchion,' said Marty Overman, Entersekt's Chief Revenue Officer. 'This collaboration aligns perfectly with Entersekt's commitment to delivering secure, seamless payment solutions that empower financial institutions and protect consumers, globally.'
Stanchion expressed equal enthusiasm about the partnership. 'We are delighted to partner with Entersekt, one of the world's foremost 3-D Secure providers,' said Chris Pappas, Stanchion's Chief Commercial Officer. 'This collaboration will enable us to offer enhanced capabilities and deliver even greater value to our clients, reinforcing our position as a leader in payment integration solutions.'
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