Airsecurecard has reached a strategic cooperation with PAAY to improve the payment security of China's cross-border e-commerce and pan-entertainment i

Airsecurecard has reached a strategic cooperation with PAAY to improve the payment security of China's cross-border e-commerce and pan-entertainment i

Date: 2024-11-21 10:10:21    View: 6251

 

Airsecurecard has reached a strategic cooperation with PAAY to improve the payment security of China's cross-border e-commerce and pan-entertainment industry

 

Recently, Airsecurecard announced that it has officially reached a cooperation with PAEY, a well-known payment security solution provider in the United States. This strategic alliance aims to help Chinese cross-border e-commerce and pan-entertainment companies reduce fraud and reduce payment decline rates by enhancing the security of online transactions. This move will undoubtedly provide strong support for related industries and further promote the expansion of the international market.

 

 Background overview

 

With the rapid development of China's cross-border e-commerce and pan-entertainment industry, one of the biggest challenges faced by enterprises is how to ensure the security of online payments. As consumers around the world become more reliant on digital transactions, so does the risk of fraud. As a leading payment solution provider in China, Airsecurecard recognizes the importance of improving security measures. Through the partnership with PAAY, ASC will adopt the internationally advanced 3D Secure 2.0 technology to address these challenges.

 

 PAAY's technical advantages

 

PAAY is known for its innovation in the field of 3D Secure authentication. The 3D Secure 2.0 protocol provides an improved identification mechanism to assess transaction risk with multi-dimensional data analysis techniques. Compared with traditional methods, it not only greatly improves security, but also ensures a smooth and convenient user payment experience. This seamless authentication of online transactions is one of the reasons why PAAY is widely recognized internationally.

 

 The meaning of cooperation

 

1. Enhanced Security: With the introduction of PAAY's 3D Secure 2.0 technology, ASC is able to provide a higher level of transaction protection to its customers. This not only helps to reduce the percentage of fraudulent transactions, but also reduces the financial losses that result from it.

 

2. Improved customer experience: Compared to traditional authentication methods, the technology significantly reduces the authentication time of users during the shopping process, making the purchase experience smoother and reducing the cart abandonment rate.

 

3. The cornerstone of trust in the global market: Building a secure and credible payment system on a global scale is the goal of every cross-border e-commerce and pan-entertainment enterprise. The combination of PAAY's technology and ASC's market experience will win more trust and cooperation opportunities for Chinese enterprises in the international market.

 

4. Regulatory Compliance: With PAAY's technical support, ASC is able to help its customers more easily meet the requirements of international payment regulations, such as PSD2 and PCI DSS standards in Europe. This will greatly simplify the compliance process and reduce operational risks.

 

 

 Future outlook

 

With the deepening of the cooperation, Airsecurecard plans to promote PAAY's services to more customer groups. Using big data and artificial intelligence technology, the two companies will also jointly develop new features and customize payment security solutions that are more suitable for different market needs. "We are very pleased to partner with ASC to improve the security of China's online payment market. This is an exciting opportunity for both parties and lays the foundation for us to continue to expand our business in the Asia Pacific region."

 

 summary

 

The cooperation between Airsecurecard and PAAY is not only a successful cooperation between Chinese and American companies in the field of financial technology, but also a milestone in improving the security of online payment. As the global e-commerce market continues to expand, the security of cross-border transactions will become increasingly important. Through this partnership, ASC and PAAY provide strong scientific and technological support to the relevant industries, ensuring that companies can stay ahead of the global competition.

 

The conclusion of this cooperation will undoubtedly create a safer and more reliable future for the majority of cross-border e-commerce and pan-entertainment enterprises, and consumers will also benefit in the process. It is hoped that there will be more such cross-border cooperation in the future to jointly promote the healthy development of the industry.

 

 PAAY Company Background

 

PAAY is a US-based fintech company focused on providing enhanced payment security solutions to merchants. With its technical expertise in the 3D Secure protocol, PAAY provides services that help merchants significantly reduce the risk of fraud in online payments. The company adopts a multi-level security verification method, which not only improves the security of transactions, but also pays attention to the optimization of user experience. PAAY has become a trusted partner for many e-commerce companies around the world by providing a variety of customized services, including 3D Secure 2.0.

 

 Key services and products

 

1. 3D Secure 2.0:

   - Provide more efficient authentication to help merchants secure confirmation when customers pay.

   - Support for broader data collection, making risk assessments more accurate and helping to improve deal approval rates.

 

2. Seamless User Experience:

   - Provide customers with an uninterrupted payment process and reduce cart abandonment due to complex authentication steps.

   - Flexible configuration to make the security authentication process more in line with the needs of merchants and customers.

 

3. Compliance & Security:

   - Help merchants meet industry standards and regulations such as PCI DSS and PSD2.

   - Constantly update security mechanisms to respond to the latest cyber threats.

 

4. Merchant Support:

   - Provide detailed analytics reports to help merchants identify and address potential security issues.

   - Customer service and technical support teams to assist with issues in implementation and use.

 

 Company vision

PAAY is committed to helping merchants improve customer satisfaction and transaction success rates while maintaining payment security through innovative identity verification solutions. Through its technology, merchants are able to more effectively manage risk, protect consumers' sensitive information, and enhance consumers' online shopping experience.