EMVco has approved Tieto as a certified vendor of 3DS Secure Server. Now merchants and acquirers can benefit from Tieto’s solution that supports 3DS 2.0 for major credit card schemes. Tieto is currently listed as an approved vendor by Visa and MasterCard.
The new 3DS 2.0 protocol aims to tackle the problem of cart abandonment rates by providing better customer experience with intelligent risk-based decisioning. It enables smooth consumer authentication and improves merchants’ profitability by reducing fraudulent transactions and increasing shopping cart conversion rates. Cardholders no longer have to remember passwords and can confirm their payments from a mobile app, opening up shopping across devices.
“We are proud to have passed all EMVCo’s functional tests. This means we can offer our customers the latest technological advances in ecommerce,” says Valdis Janovs, Head of Instant, Retail Payments and Cards at Tieto. “Merchants can now integrate the authentication process into their checkout experience on both mobiles and browsers, as well as offer quicker checkout times to their customers.”
Tieto delivers 3DS Server as a standalone software solution that integrates into existing payment infrastructure, allowing greater intelligence sharing about transactions. The solution supports the requirements of the largest card networks and is listed on EMVco website. Tieto is already delivering the solution to several of its customers.
Valdis Janovs, Head of Instant, Retail Payments and Cards, Financial Services, Tieto.
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com