Monri, a part of the Payten/Asseco Group, gained certified approval for 3DS Server SaaS with MasterCard. More specifically, MasterCard confirmed that Monri is operating Asseco SEE 3DS Server software in full compliance with the 3D-Secure specifications and the MasterCard Identity Check Program.
Monri is an already recognized Payment Gateway provider, enabling online payment accepted on mobile applications and webshops. 3D Secure has enhanced the powerful Monri payment API with an additional level of security and has positioned it as a desirable turnkey solution for acquiring banks and Merchants who want to protect their end-customers during online payment.
This approval of Monri by MasterCard happened after they had implemented the Asseco SEE 3DS Server, which is certified by EMCCo in compliance with 3D Secure v2.1, and integrated with their Payment Gateway platform
Payment Gateway and 3D Secure Services are designed to ensure smooth end-user experience during online and mobile payments, which enable Merchants to minimize the purchase abandonment rate, speed up the purchase process, and raise overall transaction revenue. Apart from lowering online payment fraud risk for Merchants, when using 3D Secure, MasterCard and VISA grant a liability shift, which relieves Merchants and acquiring banks from liability of potential online fraud-related costs.