{"id":3533,"date":"2023-12-12T12:30:58","date_gmt":"2023-12-12T10:30:58","guid":{"rendered":"https:\/\/www.modirum.com\/?p=3533"},"modified":"2023-12-12T13:06:06","modified_gmt":"2023-12-12T11:06:06","slug":"entersekt-acquires-modirum-3-d-secure-payment-solutions-to-accelerate-global-expansion","status":"publish","type":"post","link":"https:\/\/www.modirum.com\/entersekt-acquires-modirum-3-d-secure-payment-solutions-to-accelerate-global-expansion\/","title":{"rendered":"Entersekt Acquires Modirum 3-D Secure Payment Solutions to Accelerate Global Expansion"},"content":{"rendered":"

Combined entity creates a new, global leader in digital payment security<\/em><\/h3>\n

Atlanta, GA, Tallinn Estonia, December 12, 2023 –\u00a0<\/strong>Entersekt, the financial authentication company, today announced it has acquired the Modirum 3-D Secure software business from Modirum, a digital payment security provider.<\/p>\n

Modirum is a leader in enabling authenticated, card-not-present payments with a history dating back 25 years. Modirum\u2019s cloud-based 3-D Secure (3DS) technologies and services authenticate digital payment transactions globally in numerous payment systems, hundreds of issuers, and thousands of merchants, as well as enable 3DS transactions for hundreds of millions of cardholders. With this acquisition, Entersekt will expand its customer base and will secure over 2.5 billion transactions per year, giving it a compelling global footprint and a clear technology advantage of a solution spanning across digital, payment and data channels of issuers, acquirers, and merchants.<\/p>\n

“Financial institutions are fighting to stay ahead of fraud threats, and are dependent on disparate, siloed authentication tools used for various banking channels \u2013 resulting in inconsistent user experiences and vulnerabilities in their fraud prevention strategies,\u201d said Julie Conroy, Chief Insights Officer at Datos Insights.<\/p>\n

\u201cThe combination of Entersekt\u2019s authentication capabilities with Modirum\u2019s 3DS products promises to provide consumers with a consistent, cross-channel user experience and powerful protection against the latest fraud schemes.”<\/p><\/blockquote>\n

\u201cThe combined capabilities of Entersekt and Modirum will allow us to offer a wider set of solutions and provide our customers with more data sources to use when protecting against fraud,\u201d said Schalk Nolte, co-founder and CEO at Entersekt.<\/p>\n

\u201cAt the same time, we are expanding the types of markets and customers we can serve, enabling us to scale globally and grow faster. Entersekt is how the financial world can access one cross-channel platform for secure, frictionless, Context Aware\u2122 Authentication of customers and payments alike.\u201d<\/p><\/blockquote>\n

Entersekt will add Modirum\u2019s 3DS solutions to its Entersekt Secure Platform for transaction authentication, and the Modirum 3DS team will join the company. The acquisition accelerates product development, expands Entersekt\u2019s existing product offering and bolsters the company\u2019s ability to scale and support customers around the world, while adding a highly skilled team. Modirum also brings an impressive list of customers that increases Entersekt\u2019s market share of financial institutions offering 3DS.\u00a0The combined offering becomes the most advanced solution available for financial institutions on the market today, providing Context Aware\u2122 Authentication that protects digital payment transactions against continuously evolving fraud threats.<\/p>\n

For 13 years, Entersekt has helped financial institutions reduce fraud losses, grow revenue, maintain regulatory compliance, and deliver better customer experiences. With Entersekt\u2019s customer and digital transaction authentication solutions, financial institutions can:<\/p>\n