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Entrust Partners With Netcetera to Deliver 3DS Compliance

February 12, 2021

Entrust is teaming up with Netcetera in an effort to minimize the amount of fraud that occurs during card-not-present (CNP) transactions. The companies’ joint solution will analyze online transactions in real-time to gauge the level of risk associated with each interaction.

Entrust Partners With Netcetera to Deliver 3DS Compliance

If the risk level is too high, Entrust will present the user with a step-up authentication request to ensure that the person initiating the transaction is indeed the owner of the card. The risk evaluation is based on a number of different factors, while the authentication options include Mobile Tokens, Camera Tokens, and an SMS DL One-Time Password.

Netcetera is best known for developing technology that can help financial institutions meet the card payment industry’s 3 Domain Secure (3DS) specification. The company’s technology will be integrated into the rest of Entrust’s portfolio to enable PSD2 compliance for both on-premise and cloud-based transactions.

Entrust noted that the rise in e-commerce activity in 2020 has led to a corresponding increase in the volume of CNP fraud around the world. The company is hoping that the new solution will help mitigate that threat, giving organizations a way to accept digital payments without creating more friction for consumers.

“The combination of our technologies enables consumers, merchants and banks to rest easier knowing that potentially fraudulent transactions are being spotted and challenged,” said Christian Waldvogel, a member of Netcetera’s Management Team for Secure Digital Payments. “We are supporting the global shift to ecommerce channels by improving confidence in online purchases with a high performing and reliable system.”

“By partnering with Netcetera, we can more effectively stop fraud before it happens by providing step-up authentication and give consumers the trust they need at the time of conducting the transaction,” added Entrust VP and Identity Solutions GM James LaPalme.

Entrust recently published a survey that suggests that people are willing to share their personal information if it will lead to better service. The company was formerly known as Entrust Datacard, but rebranded in September to acknowledge the growing importance of digital security. Netcetera, meanwhile, previously partnered with Entersekt to provide 3DS security for Austrian card issuers and German banks.

Filed Under: Industry NewsTagged With: 3DS, 3DS compliance, authentication, Card Not Present, CNP fraud, e-commerce, Entrust, Entrust Datacard, Netcetera, OTP security, token security

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