Network International and Mastercard to offer next-generation authentication solution to UAE e-commerce merchants
Published On : 2 November 2022
Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), and Mastercard, a technology leader in the global payments industry, are launching a 3-D Secure (3DS) 2 authentication solution for e-commerce transactions for UAE merchants and beyond. The innovative solution is powered by Mastercard’s cutting-edge Smart Interface product.
As online shopping continues to accelerate, merchants need to have the ability to mitigate fraud while providing frictionless experiences to consumers. 3DS 2, the next generation of 3-D Secure technology, is a powerful authentication tool that analyses multiple key data points, including the merchant’s contextual data, acting as an advanced layer of fraud protection.
3DS 2 will be available on Network’s proprietary payment gateway N-Genius™ Online, enabling the company’s e-commerce merchants to reduce risk and protect their customers from payments fraud. In addition, 3DS 2 will offer consumers a more streamlined, frictionless payments journey and improved support for modern devices, thus enhancing the checkout experience and reducing cart abandonment.
Andrew Key, Group Managing Director – Acquiring at Network International, 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.”
Gina Petersen, Country Manager, UAE & Oman, Mastercard, said: “In an increasingly connected world, it is vital to continually drive innovation and partner to build and secure our digital ecosystem. We are delighted to join forces with our longstanding partners at Network International to launch 3-D Secure 2 authentication for merchants as we deliver an added layer of security while offering seamless payment experiences to consumers.”