FinTech CLOWD9 partners with Netcetera to combat payments fraud
By Gloria Methri
CLOWD9, the cloud-native and decentralized payments processing platform has selected Netcetera as its payment security provider. The FinTech will leverage Netcetera’s 3-D secure issuer service for transaction authentication and Access Control Server (ACS).
The 3-D secure issuer service is an EMVCo-approved product, compliant with EMV 3DS protocols. Designed for frictionless and reliable payment processing, the solution is used by more than 200 banks and card issuers worldwide.
From a security perspective, the solution reduces the risk of non-authenticated transactions, associated refunds, and lost revenue while at the same time enabling a frictionless cardholder experience.
As an issuer processor, CLOWD9 acts as the interface between banks, FinTechs, and payment firms to authorise transactions and initiate payments, maintain the system of record for cardholder data, and provide settlement instructions. The company can now offer the solution to its clients worldwide, comprising a comprehensive set of tools for frictionless payments to improve the shopping experience of cardholders.
CLOWD9 CEO & Co-Founder Suresh Vaghjiani said, “As a new firm operating at the cutting edge of payments technology, it is important for us to work with partners who equally value innovation. We have built a platform at CLOWD9 that improves both the efficiency and reliability of global payments by leveraging new technology. We recognise Netcetera as a future-oriented solutions provider that is able to meet our unique requirements as a cloud-native payments processor.”
Netcetera UK Senior Business Executive Robert Miskin added, “We are delighted to partner with CLOWD9, especially during this crucial period of their business growth. We believe that bringing our leading 3-D Secure and Access Control Server (ACS) services for issuers will help to drive the adoption of 3DS, significantly improve the overall security of their online transactions and lead to a more efficient and frictionless experience ultimately for their end users.”
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