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DECTA, a global payment processing company, has announced launching a new Payment Card Digitization and Technical Payment Processing service in partnership with Entrust, a global leader in payments, identity and data protection. The new service combines DECTA payment processing with the Entrust Digital Card Solution (formerly Antelop). It is designed as a single point of contact for card-issuing financial institutions and enables payment card digitization, payment tokenization, and processing of tokenized transactions.
Digital payments are a crucial part of modern commerce. Banks, credit unions and fintechs have to accommodate this shift in order to meet the expectations of their customers and partners, stay competitive and create new opportunities.
To provide the necessary range of services these institutions occupy a middle ground between card issuance, payment data tokenization, technical transaction processing, and infrastructure administration. This presents costly challenges. For example, running an in-house payment tokenization and processing solution is expensive and complex, and historically there has been no single vendor that could provide all of these services, forcing banks and credit unions to juggle multiple third-party vendors.
The technology partnership between DECTA and Entrust provides a solution, offering a timely and cost-effective way for banks, credit unions and fintechs to provide cardholders a comprehensive digital card experience from a single technology source.
The service provides full integration with Mastercard & Visa as well as multiple eWallets (Apple Pay, Google Pay, and Samsung Pay, and others). The solution is cloud-based with 99.9% SLA uptime and can be customized in various ways to meet client specifications. Features include clearing and reconciliation, fraud and dispute management and more, backed by a 24/7 customer service center.
”This service is not only a great collaborative effort, it is also an outstanding chance to support things we strongly believe in: innovation, fair competition and equal opportunities,” said Santa Kirsbauma, Board Member, Product Offering at DECTA.
“Through this technology alliance between Entrust and DECTA, banks, credit unions and fintechs gain the technology they need to deliver the digital card experience — access card digitization, payment tokenization, and tokenized transaction processing – without having to manage multiple vendors. Working side-by-side with the DECTA team, we are happy to help financial institutions succeed by providing them with a one-stop shop that enables a comprehensive digital experience for their cardholders,” said Timothée Grüner, Director of Business Development Digital Card Solutions at Entrust.
Entrust keeps the world moving safely by enabling trusted identities, payments, and data protection. Today more than ever, people demand seamless, secure experiences, whether they’re crossing borders, making a purchase, accessing e-government services or logging into corporate networks. Entrust offers an unmatched breadth of digital security and credential issuance solutions at the very heart of all these interactions. With more than 2,500 colleagues, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most entrusted organizations trust us. www.entrust.com.
DECTA is a PCI DSS Ver 3.2 certified payment card processor, fully compliant with the Mastercard & Visa mandatory security requirements. DECTA provides payment processing services to Banks and Fintechs across the EU, UK, and APAC region.
As an ISO 27001 and ISO 9001 certified 3rd party processor, we are passionate about payment flow automation, and dedicated to bringing our customers the full scope of API-based services available for 3rd party system integration out-of-the-box. A solid technological foundation, well-optimized and most up-to-date customer experience and best-in-industry lead time help our clients bypass 3rd party expenses and start their business faster.
For more information about the service or other business opportunities, get in touch with us at [email protected].