Nuvei Enhances Platform to Help Merchants Optimize Payments and Comply with Strong Customer Authentication Rules
Nuvei enables merchants to improve acceptance rates, avoid fines and comply with Strong Customer Authentication requirements
LONDON and MONTREAL, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the payment technology partner of thriving brands, announces it has enhanced its payment authorization platform to include a smart and dynamic solution for Strong Customer Authentication (SCA) compliance. The Company now offers a variety of customization options to ensure compliant and optimized payment processing flows.
Merchants who have not transitioned from 3D Secure 1 (3DS1) to 3D Secure 2 (3DS2) must implement a compliant solution prior to the enforcement deadline for Payment Services Directive 2 (PSD2) SCA, starting December 31, 2020 in the EU, or face potential fines and a decline in acceptance rates. For merchants who have not yet implemented 3DS2, the transition may seem daunting and burdensome, with the prospect of processing issues potentially affecting acceptance rates, presenting a significant concern. Nuvei’s solution ensures its clients’ transactions remain secure and optimized, even during times of regulatory changes.
Nuvei enables existing and new customers alike to take advantage of its fully compliant and customizable solution. Merchants can now define a set of criteria to route transactions to 3DS2 or 3DS1, as long as the latter is commercially available. Merchants can also define rules to avoid routing transactions to 3DS entirely for trusted or returning customers.
“Our approach to SCA is to minimize the level of complexity for merchants and their clients to provide a seamless payment experience,” said Philip Fayer, Nuvei’s chairman and CEO. “Our goal is to optimize transactions and ensure the best possible conversion rates, while maintaining the highest levels of security.”
Nuvei offers several mechanisms to keep merchants’ acceptance rates high and avoid possible fallout from the transition to 3DS2. The solution offers continued support for 3DS1 to prevent acceptance rate decreases. Merchants can choose to automatically cascade 3DS2 and 3DS1, so that in case 3DS2 authentication fails, the customer is asked to authenticate via 3DS1. The solution is also fully agnostic and allows 3DS authentication to be performed using Nuvei’s proprietary 3DS authentication services, or via several other authentication services; these, too, can be set to cascade. By configuring cascading rules, merchants can safeguard against technical downtime and combat authentication decline. It also offers optimal 3DS user experience for customers, preventing cart abandonment and promoting a swift payment process.
For new and existing merchants, integration is easy, via a hosted payment page, API, or SDKs. Once integrated, a dedicated SCA dashboard and comprehensive reports are available, including high-level analytics as well as transaction-level deep-dives. To ensure onboarding success, Nuvei offers complimentary expert in-house consultation, traffic optimization and risk analysis services.
We are Nuvei, the payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates. Our proprietary platform offers direct connections to all major payment card schemes worldwide, supports over 450 local and alternative payment methods and 150 currencies. Our purpose is to make our world a local marketplace. Learn more at www.nuvei.com.
This press release contains “forward-looking information” within the meaning of applicable securities laws, including statements regarding Nuvei’s enhanced payment authorization platform and compliance with Strong Customer Authentication requirements. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include but are not limited to those described under “Risk Factors” in Nuvei’s supplemented prep prospectus dated September 16, 2020. Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this press release is provided as of the date of this press release, and the Company does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Nykredit Bank A/S är nytt emissionsinstitut under Klöverns icke-säkerställda MTN-program15.1.2021 13:30:00 CET | Pressemelding
Nykredit Bank A/S har genom ett avtal daterat den 14 januari 2021 tillträtt som emissionsinstitut under Klövern AB (publ)s icke-säkerställda MTN-program (”MTN-programmet”) i enlighet med de allmänna villkoren för MTN-programmet ursprungligen daterade den 4 februari 2020 och såsom ändrade den 6 oktober 2020. Övriga emissionsinstitut under MTN-programmet är Danske Bank A/S, Danmark, Sverige Filial, Nordea Bank Abp och Swedbank AB (publ). Mer information om MTN-programmet finns på Klöverns webbplats (www.klovern.se). Klövern AB (publ) För ytterligare information, vänligen kontakta: Jens Andersson, Finanschef, 076-855 67 02, firstname.lastname@example.org Rutger Arnhult, VD, 070-458 24 70, email@example.com Lars Norrby, IR, 076-777 38 00, firstname.lastname@example.org Klövern är ett fastighetsbolag som med närhet och engagemang erbjuder attraktiva lokaler i tillväxtregioner. Klövern är noterat på Nasdaq Stockholm. Ytterligare information finns på www.klovern.se. Klövern AB (publ), Bredgränd 4,
Nykredit Bank A/S is new dealer under Klövern’s unsecured MTN Program15.1.2021 13:30:00 CET | Press release
Nykredit Bank A/S has through an agreement dated on 14 January 2021 acceded to Klövern AB (publ)’s unsecured MTN program (the ”MTN Program”) as dealer in accordance with the general terms and conditions of the MTN Program originally dated on 4 February 2020 and as amended on 6 October 2020. The other dealers under the MTN Program are Danske Bank A/S, Danmark, Sverige Filial, Nordea Bank Abp and Swedbank AB (publ). Further information about the MTN Program can be found on Klövern’s website (www.klovern.se). Klövern AB (publ) For additional information, please contact: Jens Andersson, Head of Finance, +46 (0)76-855 67 02, email@example.com Rutger Arnhult, CEO, +46 (0)70-458 24 70, firstname.lastname@example.org Lars Norrby, IR, +46 (0)76-777 38 00, email@example.com Klövern is a real estate company committed to working closely with customers to offer them attractive premises in growth regions. Klövern is listed on Nasdaq Stockholm. For further information, see www.klovern.se. Klö
Eurocastle Investment Limited - Change of Home State Regulator15.1.2021 13:00:00 CET | Press release
Contact: Oak Fund Services (Guernsey) Limited Company Administrator Attn: Mark Woodall Tel: +44 1481 723450 Change of Home State Regulator Guernsey, 15 January 2021 - Eurocastle Investment Limited has applied to change its home state regulator from the United Kingdom (“UK”) FCA to the Netherlands AFM as a result of the UK having left the European Union as at 31 December 2020. ADDITIONAL INFORMATION For investment portfolio information, please refer to the Company’s most recent Financial Report, which is available on the Company’s website (www.eurocastleinv.com). ABOUT EUROCASTLE Eurocastle Investment Limited (“Eurocastle” or the “Company”) is a publicly traded closed-ended investment company, focused on Italian performing and non-performing loans, Italian loan servicing platforms and other real estate related assets in Italy. On 18 November 2019, the Company announced a plan to realise the majority of its assets with the aim of accelerating the return of value to shareholders. The Comp
CrossAmerica Partners to Announce Year-End/Fourth Quarter 2020 Earnings Results on March 115.1.2021 12:45:00 CET | Press release
Allentown, Jan. 15, 2021 (GLOBE NEWSWIRE) -- CrossAmerica Partners to Announce Year-End/Fourth Quarter 2020 Earnings Results on March 1 ALLENTOWN, PA, January 15, 2021 – CrossAmerica Partners LP (NYSE: CAPL) today announced that it will release its year-end/fourth quarter 2020 results after the market closes on Monday, March 1, 2021. In conjunction with the news release, management will host a conference call on Tuesday, March 2, at 9:00 a.m. Eastern Time. The conference call numbers are 800-774-6070 or 630-691-2753 and the passcode for both is 7265208#. A live audio webcast of the conference call and the related earnings materials, including reconciliations of any non-GAAP financial measures to GAAP financial measures and any other applicable disclosures, will be available on that same day on the investor section of the CrossAmerica website (www.crossamericapartners.com). To listen to the audio webcast, go to https://caplp.gcs-web.com/webcasts-presentations https://caplp.gcs-web.com/w
Negotiations concerning an acquisition of ThyssenKrupp’s mining business15.1.2021 12:30:16 CET | Press release
Company Announcement No. 1-2021, 15 January 2021 FLSmidth today announces that it is in negotiations with ThyssenKrupp concerning an acquisition of ThyssenKrupp's mining business. The negotiations are at a non-binding stage. Accordingly, there can be no assurances as to whether and when a transaction will transpire. Any transaction, if entered into, would be subject to, amongst other, statutory clearances from authorities, including approvals from merger control authorities. Contacts Media Relations Rasmus Windfeld, +45 40 44 60 60, firstname.lastname@example.org Investor Relations Nicolai Mauritzen, +45 30 93 18 51, email@example.com About FLSmidth FLSmidth provides sustainable productivity to the global mining and cement industries. We deliver market-leading engineering, equipment and service solutions that enable our customers to improve performance, drive down costs and reduce environmental impact. Our operations span the globe and our close to 11,000 employees are present in more than 60 count
RESULT OF SEK TENDER OPERATION FOR ONWARD LENDING15.1.2021 11:30:00 CET | Press release
AuctionAuction resultsAuction date2021-01-15Settlement date2021-01-19Final repayment date2025-01-20Offered volume, SEK bn50Total bid amount, SEK bn0Number of bids0Alloted volume, SEK bn0Interest rateRepo rateAdditional interest rate, %0.10
Correction: Correction: RESULT OF RIKSBANK REVERSED AUCTIONS SEK GOVERNMENT BONDS15.1.2021 10:22:14 CET | Press release
Auction date2021-01-15Loan1053Coupon3.50 %ISIN-codeSE0002829192Maturity2039-03-30Tendered volume, SEK mln1,000 +/- 500Volume offered, SEK mln3,500Volume bought, SEK mln958Number of bids16Number of accepted bids5Average yield0.314Lowest accepted yield0.306Highest yield0.318% accepted at lowest yield 43.20 Auction date2021-01-15Loan1063Coupon0.50 %ISIN-codeSE0015193313Maturity2045-11-24Tendered volume, SEK mln500 +/- 250Volume offered, SEK mln1,750Volume bought, SEK mln500Number of bids20Number of accepted bids6Average yield0.472Lowest accepted yield0.467Highest yield0.476% accepted at lowest yield 33.33