Entrust and Netcetera team up to combat payment fraud

By Pavithra R

Entrust, a leading provider of trusted identities, payments and data protection has partnered with Netcetera, a global 3 Domain Secure (3DS) provider, to help FIs combat fraud associated with card-not-present (CNP) transactions.

The combines solution allows issuing banks to perform a real-time risk analysis of online transactions based on various factors, and challenge the user with Strong Customer Authentication if a CNP transaction surpasses the risk threshold.

“The combination of our technologies enables consumers, merchants and banks to rest easier, knowing that potentially fraudulent transactions are being spotted and challenged. By partnering with Entrust, we are supporting the global shift to e-commerce channels by improving confidence in online purchases with a high performing and reliable system,” said Christian Waldvogel, Management Team Secure Digital Payments at Netcetera.

The 3DS specification, developed by the card payment industry is to strengthen security without impacting the consumer experience. It combines advanced transaction fraud risk analysis with modern authentication mechanisms, while also supporting traditional mechanisms like physical tokens. The partnership with Netcetera enhances this capability and works with the Entrust Identity portfolio in the cloud and on-premise. The joint solution enhances trust in transactions and meets PSD2 compliance criteria for payments in Europe.

“With global e-commerce transaction growth expected to surpass 20 percent in 2020, there has been a corresponding surge in digital payments adding to the number of fraudulent CNP transactions. 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,” said James LaPalme, Vice President and General Manager, Identity Solutions at Entrust.

Established in 1994, Entrust provides proactive solutions that help organizations achieve and maintain compliance with legal and regulatory requirements around the world. It offers a range of 3DS and PSD2 compliant authenticators, allowing organizations to provide consumers with the best authentication experience possible. Authenticators include Mobile Smart Credential, Mobile Smart Token, Challenge Response Token, Camera Token, and SMS DL OTP.