Press Release: November 20, 2020
OpenPath is excited to announce the launch of a partnership with PAAY, a leading consumer authentication service that is simple, secure and seamless to implement. PAAY’s EMV 3DS solutions authenticate consumers at the point of interaction on the web. Benefits include: a chargeback liability shift, increase in authorizations, and PSD2/SCA compliance.
OpenPath merchants can now utilize PAAY’s frictionless EMV 3DS to help them reduce fraud and chargeback rates while increasing authorizations. OpenPath CTO, Jason Martin, says, “EMV 3DS is a great security measure for merchants to know their payments are coming from their real customers. Through our partnership with PAAY, implementation of EMV 3DS for merchants has never been easier!”
“In Q1 of 2020 MasterCard reported 40% growth in contactless payments. As the shift to e-commerce continues to accelerate it’s more important than ever for merchants to protect their online payments” Says Yitz Mendlowitz, CEO at PAAY. “PAAY and Open Path are here to help merchants champion their ecommerce payments so they can focus on growing their business.”
PAAY is a leading innovative consumer authentication service for merchants that is simple, secure and easy to implement. PAAY’s frictionless EMV 3-DS solution empowers remote commerce merchants to grow their business securely by increasing authorization rates and eliminating friendly fraud while meeting all network security and compliance needs. PAAY’s mission is to give merchants choice and control of their destiny. To learn more visit paay.co.
OpenPath provides low-friction access to world-class transacting options with the added value of a consolidated platform. With global reach and integration with hundreds of processors, they give the widest options for monetizing business traffic. Learn more at https://www.openpath.io.
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