CLOWD9, a cloud-native and decentralized payments processing platform, has partnered with payment security firm Netcetera to help the former secure its payments.
According to CLOWD9, it will use its 3D secure issuer service for transaction authentication and Access Control Server (ACS).
Netcetera operate a multi-client capable 3-D secure issuer service with a state-of-the-art Access Control Server as a core component, which is used by more than 200 banks and card issuers worldwide. The firm’s 3-D secure issuer service is an EMVCo® approved product, compliant with EMV 3DS protocols.
The 3D secure server is designed for frictionless and reliable payment processing. From a security perspective, the solution reduces risk for non-authenticated transactions, associated refunds, and lost revenue while at the same time enabling a frictionless cardholder experience.
As an issuer processor, CLOWD9 sits at the centre of the global payments system, acting 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.
CLOWD9 will be able to offer the solution to its clients worldwide, comprising a comprehensive set of tools for frictionless payments to improve the shopping experience of cardholders.
Built entirely in the cloud, CLOWD9 has removed the need for physical hardware. Its decentralised model allows virtual access to the platform around the world, via ‘instances’, with payments transactions routed to the nearest cloud instance, providing unparalleled reliability. CLOWD9 already has instances established in every continent.
CLOWD9 CEO and 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 future-oriented solutions provider that is able to meet our unique requirements as a cloud-native payments processor.”
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