back Back

Evervault enters the payments space with new security platform

By Gloria Methri

May 17, 2024

  • Compliance
  • Data Security
  • Europe
Share

Evervault, Modular Payment Security, Payment Security Platform, Compliance, FinTech, Payment Infrastructure, Ireland, EuropeData security company Evervault has launched into the payments space with an independent payments security platform. The modular platform gives FinTechs, banks, and merchants total control over their payment stack without compromising compliance or security. This enhanced flexibility empowers companies to accelerate their business growth, geographic expansion, and product development.

The platform uses Evervault’s encryption model and includes tools for securing payment data, as well as specific product extensions like Network Tokens and Card Insights. Traditionally, products like Payments iFrames, 3D Secure, fraud prevention, tokenization, and processing are bundled with your payment processor.

By unbundling these components, Evervault offers customers modular infrastructure that’s independent of their payment processors, allowing for greater control over their payments with minimal compliance burden.

This flexibility is critical as payments become increasingly global and digitized. Businesses seeking to expand need a reliable partner that can facilitate cross-border transactions and serve less established markets.

“Given the shifting payments landscape and the extreme sensitivity of card data, there was an obvious and powerful application for our technology – a secure, customizable and fully independent platform for payments,” said Evervault Founder and CEO Shane Curran. “Our solution will give fintechs, banks, and merchants the flexibility they need to build more capable and efficient businesses.”

Evervault customers who have integrated the platform with their payment infrastructure see an immediate impact. Having control over their payment stack helps customers worldwide optimize payment costs, authorization rates, and user experiences. Companies are already using the platform to expedite the security and compliance requirements of launching a card product, improve payment economics, and share card data securely.

“By taking control of our payments stack, we were able to route our payments more efficiently and drastically improve our authorization rates,” said Liam Wiltshire, Head of Payments of Overwolf, a platform for monetizing in-game apps and mods.

Previous Article

May 16, 2024

Tandem appoints Suavek Zajac as new Chief Technology Officer

Read More
Next Article

May 17, 2024

BKN301 launches its BaaS Orchestration platform in MENA

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Compliance

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Whale Cloud & Ant International expand eWallet & Super App Technologies

Read More

Today

BNP Paribas and BPCE join forces to create a payment processor

Read More

Today

Aurionpro Payments bags RBI’s final nod for Online Payment Aggregator License

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023