Nuvei Corporation, the payment technology partner, has enhanced its payment authorisation platform to include a smart and dynamic solution for strong customer authentication (SCA) compliance.
The company now offers a variety of customisation options to ensure compliant and optimised payment processing flows.
Merchants who have not transitioned from 3D Secure 1 to 3D Secure 2 must implement a compliant solution prior to the enforcement deadline for payment services directive 2 SCA – starting 31 December 2020 in the EU – or face potential fines and a decline in acceptance rates, Nuvei warns.
Nuvei said: “For merchants who have not yet implemented 3DS2, the transition may seem daunting and burdensome, with the prospect of processing issues potentially affecting acceptance rates, presenting a significant concern. Nuvei’s solution ensures its clients’ transactions remain secure and optimized, even during times of regulatory changes.”
Nuvei said it enables existing and new customers to take advantage of its fully compliant and customisable solution. Merchants can now define a set of criteria to route transactions to 3DS2 or 3DS1, as long as the latter is commercially available. Merchants can also define rules to avoid routing transactions to 3DS entirely for trusted or returning customers.
“Our approach to SCA is to minimise the level of complexity for merchants and their clients to provide a seamless payment experience,” said Philip Fayer, Nuvei’s chairman and CEO. “Our goal is to optimise transactions and ensure the best possible conversion rates, while maintaining the highest levels of security.”
Nuvei said it offers several mechanisms to keep merchants’ acceptance rates high and avoid possible fallout from the transition to 3DS2. The solution offers continued support for 3DS1 to prevent acceptance rate decreases. Merchants can choose to automatically cascade 3DS2 and 3DS1, so that in case 3DS2 authentication fails, the customer is asked to authenticate via 3DS1. The solution is also fully agnostic and allows 3DS authentication to be performed using Nuvei’s proprietary 3DS authentication services, or via several other authentication services; these, too, can be set to cascade. “By configuring cascading rules, merchants can safeguard against technical downtime and combat authentication decline. It also offers optimal 3DS user experience for customers, preventing cart abandonment and promoting a swift payment process,” Nuvei says.
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