Clowd9, a UK-based payment processing platform, recently hired the Switzerland-based software company Netcetera to augment its digital payment security. Clowd9 connects financial services providers (FSPs) using a decentralised model whereby transactions are processed by virtual servers across the world, helping FSPs clear payments made using bank cards, cryptocurrency and other methods.
The role of the Netcetera system is to handle access control and authenticate transactions. Netcetera’s Access Control Server is used by 200 FSPs.
Founded in 1996, Netcetera operates in Asia, the Middle East and Europe. The company provides services in numerous sectors, covering the information technology “life-cycle, from strategy to implementation and operation.” Netcetera employs approximately 1,000 personnel and services 2,500 banks and card issuers through which 160,000 merchants utilise its payments security solution.
By Vaughn Rajah, Research Associate
Sources and Additional Resources
Business Wire article
https://www.businesswire.com/news/home/20230109005079/en/Fintech-Startup-CLOWD9-Partners-With-Netcetera-to-Help-Combat-Global-Payments-Fraud
Clowd9 homepage
https://www.clowd9.com
Netcetera homepage
https://www.netcetera.com
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Download a sample at /products-page/.
Similar Posts:
- MICROCAPITAL BRIEF: Lipa of South Africa Offers Banks Tap-to-pay Service Allowing Informal Merchants to Accept Cashless Payments
- MICROCAPITAL BRIEF: Nepal’s Gateway Payments Service, Manam Infotech, National Payments Corporation of India to Boost Digital Transactions in Nepal
- MICROCAPITAL BRIEF: Visa Testing Offline Payment System in India to Expand Financial Inclusion in Rural Areas with Poor Internet Connectivity
- MICROFINANCE PAPER WRAP-UP: “Merchant Expansion Through Digital Acceptance and Liquidity (MEDAL) Facility Report;” Published by Jordan Payments & Clearing Company, GIZ
- MICROCAPITAL BRIEF: Pay-per-use Option from Software Group Targets Smaller FSPs Offering Branchless Banking in Nigeria
