Global PayTech firm Stanchion and security solutions provider Entersekt have announced a partnership focused on delivering more efficient and user-amiable payment options. The collaboration seeks to improve payment integration and provide cutting-edge solutions for financial institutions worldwide.

Entersekt suggests that this partnership is timely, as online shoppers increasingly seek secure and straightforward payment methods that minimize risk.

Optimizing efficiency Through Collaboration

Stanchion, which began operations in South Africa in 2001, has expanded into markets including the United States, the United Arab Emirates, and Australia.

The company is known for its Payment Fabric technology,which enables issuers to modernize and accelerate innovation within their payment systems,extending the lifespan of existing investments by optimizing operational efficiency.

Entersekt brings to the partnership its advanced 3-D Secure payment authentication system, which offers secure transaction authentication across the interoperability, card issuer, and merchant acquirer domains.

According to Entersekt, these systems have consistently delivered impressive results, including a 50% increase in conversion rates and a 70% decrease in card-not-present (CNP) fraud within one month.

The system has also seen a 149% growth in transaction value within the first 12 months of deployment, offering features such as silent authentication, biometric verification, and out-of-band verification.

“We are excited to partner with innovative fintech leaders like Stanchion,”

Advanced Payment Technology for Enhanced User Experience

Entersekt states that its solution provides adaptive risk intelligence, strong authentication, reduces cart abandonment, and improves customer experiences. The partnership aims to continuously enhance customer experiences through advanced payment technology, ensuring secure payment methods for all users.

Chief Revenue Officer of Entersekt, Marty Overman, commented on the partnership, stating, “We are excited to partner with innovative fintech leaders like Stanchion,” adding that the partnership aligns with the company’s goal of offering seamless and secure payment solutions to empower potential customers and financial institutions globally.

Chief Commercial Officer of Stanchion, Chris Pappas, also commented on the collaboration, noting the platform is excited about offering a more secure payment process from one of the top 3-D Secure providers. He added that the partnership will enable the company to deliver greater value to clients while enhancing capabilities, reinforcing its position as a top player in the payment integration solutions industry.