Praxis Tech has unveiled its
newest innovation within the realm of on-line funds with the introduction of the
3DS Cascading characteristic, promising enhanced effectivity and user-friendliness
with out compromising on safety. The brand new characteristic, built-in into the corporate’s
famend Fee Orchestration Platform, goals to streamline the authentication
course of whereas sustaining compliance with Sturdy Buyer Authentication (SCA)
necessities.
The 3DS Cascading characteristic marks a
vital leap ahead in on-line fee know-how, addressing the problem
of processing errors and re-authentication hurdles encountered in earlier
programs.
Man Karsenti, Chief Know-how Officer at Praxis Tech, Supply: LinkedIn
By leveraging Praxis’ Sensible Routing know-how, the platform
identifies the optimum fee route for every transaction, considerably
decreasing the necessity for purchasers to bear repetitive verification processes in
case of errors.
Man Karsenti, Chief Know-how
Officer at Praxis Tech, emphasised the transformative affect of the brand new
characteristic, stating: “This new characteristic considerably enhances our service provider
providers and worth proposition by making on-line funds faster and simpler for
customers, with out compromising on the important safety and verification steps
wanted.”
Elevating Transaction Effectivity
One of many key benefits of the
3DS Cascading characteristic lies in its means to allow true frictionless
cascading, successfully minimizing loading screens and repetitive SCA checks. By
streamlining the authentication course of behind the scenes, the characteristic results in
sooner transactions throughout each desktop and cell platforms, thereby decreasing
the chance of deserted fee periods and enhancing the general checkout
expertise for customers.
Karsenti additional elaborated on
the technical sophistication of the 3DS Cascading characteristic, highlighting its
seamless integration with Praxis’ service provider plug-in and clever
routing capabilities. This integration empowers companies to cascade transactions
to any acquirer effortlessly whereas benefiting from the platform’s decline
restoration suite and upcoming threat and fraud engine.
Facilitating over $4.5 billion in
transaction quantity final yr alone, Praxis Tech has
established itself because the fee resolution of alternative in industries reminiscent of
iGaming and buying and selling. Preliminary testing has already showcased a notable
discount in authentication steps, with a mean of two per transaction
noticed in Praxis’ core sectors.
Praxis Tech has unveiled its
newest innovation within the realm of on-line funds with the introduction of the
3DS Cascading characteristic, promising enhanced effectivity and user-friendliness
with out compromising on safety. The brand new characteristic, built-in into the corporate’s
famend Fee Orchestration Platform, goals to streamline the authentication
course of whereas sustaining compliance with Sturdy Buyer Authentication (SCA)
necessities.
The 3DS Cascading characteristic marks a
vital leap ahead in on-line fee know-how, addressing the problem
of processing errors and re-authentication hurdles encountered in earlier
programs.
Man Karsenti, Chief Know-how Officer at Praxis Tech, Supply: LinkedIn
By leveraging Praxis’ Sensible Routing know-how, the platform
identifies the optimum fee route for every transaction, considerably
decreasing the necessity for purchasers to bear repetitive verification processes in
case of errors.
Man Karsenti, Chief Know-how
Officer at Praxis Tech, emphasised the transformative affect of the brand new
characteristic, stating: “This new characteristic considerably enhances our service provider
providers and worth proposition by making on-line funds faster and simpler for
customers, with out compromising on the important safety and verification steps
wanted.”
Elevating Transaction Effectivity
One of many key benefits of the
3DS Cascading characteristic lies in its means to allow true frictionless
cascading, successfully minimizing loading screens and repetitive SCA checks. By
streamlining the authentication course of behind the scenes, the characteristic results in
sooner transactions throughout each desktop and cell platforms, thereby decreasing
the chance of deserted fee periods and enhancing the general checkout
expertise for customers.
Karsenti additional elaborated on
the technical sophistication of the 3DS Cascading characteristic, highlighting its
seamless integration with Praxis’ service provider plug-in and clever
routing capabilities. This integration empowers companies to cascade transactions
to any acquirer effortlessly whereas benefiting from the platform’s decline
restoration suite and upcoming threat and fraud engine.
Facilitating over $4.5 billion in
transaction quantity final yr alone, Praxis Tech has
established itself because the fee resolution of alternative in industries reminiscent of
iGaming and buying and selling. Preliminary testing has already showcased a notable
discount in authentication steps, with a mean of two per transaction
noticed in Praxis’ core sectors.
