LONDON–(BUSINESS WIRE)–CLOWD9, the world’s first cloud-based and decentralized payment processing platform, has partnered with Netcetera, a global software company for secure and convenient digital payment solutions, as its payment security provider. CLOWD9 will use its 3-D secure issuer service for transaction authentication and access control server (ACS).
Netcetera operates a multi-client 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 3D secure issuer service is an EMVCo® approved product, compliant with EMV 3DS protocols.
The secure 3D server is designed for frictionless and reliable payment processing. From a security perspective, the solution reduces the risk of unauthenticated transactions, associated refunds and lost revenue, while enabling a frictionless cardholder experience.
As an issuer processor, CLOWD9 sits at the center of the global payment system, acting as the interface between banks, fintechs and payment firms to authorize transactions and initiate payments, maintain the system for recording cardholder data and provide settlement instructions.
CLOWD9 will be able to offer the solution to its customers worldwide, consisting of 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. The decentralized model provides virtual access to the platform around the world, via “instances”, with payment transactions routed to the nearest cloud instance, providing unparalleled reliability. CLOWD9 already has instances established on all continents.
The technology behind the CLOWD9 platform is designed and built in-house, with open APIs that neobanks and fintechs can leverage to provide their customers with cutting-edge customer experiences. The platform is uniquely built with microservices architecture, which enables CLOWD9 to scale up and down according to transaction needs, making the platform more energy efficient and resilient compared to legacy architecture.
CLOWD9 CEO & Co-Founder: Suresh Vaghjiani: “As a new company operating at the forefront of payment technology, it is important for us to work with partners who value innovation equally. We have built a platform on CLOWD9 that improves both the efficiency and reliability of global payments by leveraging new technology. We recognize Netcetera as a forward-looking solution provider capable of meeting our unique requirements as a cloud-based payment processor.”
Netcetera Great Britain Senior Business Executive Robert Miskin: “We are excited to partner with CLOWD9, especially during this crucial period of their business growth. We believe that bringing our leading 3-D Secure and Access Control Server (ACS) services for issuers will help drive the adoption of 3DS, significantly improve overall security of their online transactions and lead to a more efficient and frictionless experience for their end users.“
About CLOWD9
CLOWD9 Ltd. is the world’s first cloud-based, decentralized issuer processing platform. Born in the cloud, the platform delivers uncompromising, borderless payment technology worldwide. Founded in the UK by authoritative payments experts and mentored by financial leaders and entrepreneurs, CLOWD9 processes payments for traditional banks, start-ups and fintechs. The platform architecture is global by design, allowing it to scale with speed, quickly establish itself in new markets and serve regional payment preferences across traditional cards, bank transfers, QR codes, biometrics or cryptocurrency.
About Netcetera
Netcetera is a global software company with ground-breaking IT products and individual digital solutions in secure digital payments, financial technology, media, transport, healthcare and insurance. More than 2,500 banks and issuers and 160,000 merchants rely on the digital payment solutions and globally certified 3-D Secure products of the payment security market leader. The balanced combination of the latest technologies and proven standards ensures investment security, from large-scale projects to innovative start-ups. Founded in 1996, Netcetera is a holding company with around 1,000 employees and is headquartered in Zurich, Switzerland, with locations across Europe, Asia and the Middle East. With a strong track record of success in the industry, Netcetera is committed to helping businesses and consumers protect themselves from online threats.
