Security News > 2021 > February > Entrust and Netcetera help financial institutions combat CNP transactions fraud

Entrust has announced a partnership with Netcetera to help financial institutions combat fraud associated with card-not-present transactions.

The combined solution allows issuing banks to perform real-time risk analysis of online transactions based on a wide range of factors, and then to challenge the user with Strong Customer Authentication if a CNP transaction surpasses the risk threshold.

It brings together advanced transaction fraud risk analysis with modern authentication mechanisms such as mobile, while also supporting traditional mechanisms like physical tokens.

The joint solution enhances confidence in transactions and meets PSD2 compliance criteria for payments in Europe.

"The combination of our technologies enables consumers, merchants and banks to rest easier knowing that potentially fraudulent transactions are being spotted and challenged," said Christian Waldvogel, Management Team Secure Digital Payments at Netcetera.

"With global e-commerce transaction growth expected to surpass 20 percent in 2020, there has been a corresponding surge in digital payments adding to the number of fraudulent CNP transactions," said James LaPalme, Vice President and General Manager, Identity Solutions at Entrust.

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