Digital commerce enabler Network International has formed an alliance with payments technology firm Mastercard to introduce a 3D Secure (3DS) 2 authentication tool for e-commerce merchants in the UAE.
The new solution, which is driven by Mastercard’s Smart Interface offering, will be available on Network’s proprietary payment gateway N-Genius Online.
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Using the 3DS 2 tool, Network’s merchants will be able to minimise risk and safeguard their customers from issues like payments fraud.
Furthermore, 3DS 2 will provide consumers with a more consolidated, better payments options and enhanced support for modern devices.
This will improve checkout and bring down cases of cart abandonment, stated the firm.
A next generation 3-D Secure technology, 3DS 2 is capable of examining a wide range of major data points, such as the merchant’s contextual information.
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By GlobalDataIt functions as an advanced layer of protection to help mitigate fraud.
Network International group managing director of acquiring Andrew Key said: “As the region’s leading payment solution provider, we continue to enhance payment ecosystems by adopting best-in-class technologies in the markets we operate in.
“Enabling 3DS 2 across our e-commerce merchant network is part of our long-term commitment to creating a safer, seamless purchase experience for merchants and their consumers.”
In July this year, Network announced a strategic collaboration with cloud-based restaurant management technology and payments platform Foodics to strengthen food and beverage (F&B) payments in the UAE.
Mastercard country manager of UAE and Oman Gina Petersen said: “In an increasingly connected world, it is vital to continually drive innovation and partner to build and secure our digital ecosystem.”
