As a payments service provider (PSP), you probably had at least one discussion with your merchants already about the checkout experiences of their customers. Even though quality, speed of transaction processing and other aspects of your provided services may be superb, your merchants most likely are still complaining about a large number of customers not checking out properly and abandoning their shopping carts at the last moment before completing the checkout.
They are likely asking you to help them improve the situation, maybe they're even considering leaving for another PSP if you don't improve the situation soon enough.
If you're a card issuer, you might also be experiencing the increasing attrition rates, particularly among young and affluent customers who are shopping predominantly online and find your card products to be too inconvenient to use and not delivering experiences they desire. Since the popularity of shopping online is projected only to increase, the question of retaining your card users will become more and more relevant in the coming years.
Situations like these are common with PSPs and Issuers who use 3D Secure 1.0 authentication technology for Card-Not-Present (CNP) transactions. 3D Secure 1.0 was developed before mass-market ecommerce and smartphone age, thus is not optimized for the newest devices and for delivering an outstanding customer experience modern e-commerce environment requires.
Gate2Bank 3DS Gateway and Gate2Bank EMV ACS are 3D Secure components that ensure seamless authentication of CNP transactions for ecommerce purchases.
Gate2Bank 3DS Gateway operates on the acquiring side and makes sure that transactions are captured from merchants' websites and streamlined to the right Issuers for authentication.
Gate2Bank EMV ACS operates on the Issuer's side and makes sure that there is as little authentication interference in the transaction processing as possible.
Both components are certified according to the latest version of EMVCo. 3DSecure protocol version 2.x and support Mastercard and Visa payment networks at the moment.
In the modern e-commerce world, flooded with different screen sizes and devices, it is critical to ensure a uniform experience across all screen sizes, form-factors and device types.
Gate2Bank 3DS Gateway and Gate2Bank EMV ACS are built with omni-channel experience in mind - regardless of the device type (mobile commerce app or browser-based) and screen size, our components will create a seamless and hassle-free checkout experience for your merchants.
Gate2Bank EMV ACS uses a risk-based approach to authentication, gathering and analyzing more than 100 data points of each transaction (device fingerprint, merchant data, location data, customer data, etc.) in real time and thus conducting a frictionless authentication for most customer purchases, dramatically lowering the cart abandonment rates and increasing the quality of service you're providing to your cardholders, so they don't have to look for greener pastures.
Gate2Bank EMV ACS allows you to configure different authentication factors for each card issuer (if you're providing BIN sponsoring services to other financial institutions). Each card issuer can use a different set of factors for 2-factor authentication, depending on cardholders' preferences. A mix of static password, OTP, Digipass and biometric authentication mechanisms will ensure the highest level of security during the 3D Secure authentication process.
The authentication challenge page, shown by Gate2Bank EMV ACS during the authentication process, can be customized to fit the branding guidelines of each merchant and/or card issuer (if you're providing BIN sponsoring services to other financial institutions). Authentication page templates can be accessed and changed by the administrator remotely at any time.
Gate2Bank 3DS Gateway and Gate2Bank EMV ACS are built using modern and lightweight programming languages (such as Node.Js and Java) and deployment tools (such as Docker and Kubernetes) that allow rapid deployment, scaling and require minimum administration and maintenance effort from your organization.
If you believe that Gate2Bank 3DS Gateway or Gate2Bank EMV ACS fits your 3D Secure needs and you'd like to receive more information about these solutions, fill in the form below to receive solution brochures and a call from our representative that will answer all of your questions: