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Partners join forces to enhance digital payment experience with biometrics. Mastercard’s Cyber & Intelligence products and solutions will integrate into Vesta’s transaction guarantee platform. Offering improved digital payment efficiency with tools including behavioral biometrics and identity verification,
Mar 1, 2023, 4:56 pm EST Biometric Update
A pair of partnerships have been formed to bring biometrics to payments, one in Asia Pacific and another in the Middle East.
Mastercard and Vesta have announced a new strategic partnership to improve the safety and security of ecommerce transactions in Asia Pacific.
The agreement will provide Mastercard merchants with enhanced protection against fraud while offering customers a more secure digital payment experience.
By joining forces, Mastercard’s Cyber & Intelligence products and solutions will integrate into Vesta’s transaction guarantee platform. The companies say this partnership allows merchants to reduce online fraud, approve more transactions and expand their business.
“Mastercard is excited to have the opportunity to work together and deliver on the cybersecurity needs of its customers in Asia Pacific, making the region’s digital economy safer, more seamless and secure,” says Karthik Ramanathan, the SVP of cyber and intelligence at Asia Pacific Mastercard.
The announcement follows a Juniper Research study which found that the global cost of e-commerce fraud may reach $48 billion in 2023, making it a growing challenge for merchants worldwide. The new partnership will help address this issue and provide Mastercard merchants with complete protection before, during and after a transaction.
The service, slated to launch in the second quarter of 2023, will also offer improved digital payment efficiency with tools including behavioral biometrics and identity verification, allowing merchants to approve more legitimate transactions with zero fraud chargeback liability.
“Through this strategic partnership, merchants will benefit from one integration into Vesta’s decision engine to approve more legitimate transactions with zero fraud chargeback liability, allowing them to focus on growing sales and improving customer experience without the fear of fraud,” says Shabab Muhaddes, the SVP of Vesta and GM of APAC.
Areeba launches out-of-band biometrics through Netcetera collaboration
Areeba sal, a payment processing service provider in the Middle East and North Africa region, has announced a partnership with Swiss payment company Netcetera to introduce Out-of-Band (OOB) authentication with biometric reading for e-commerce transactions.
This move aims to provide cardholders with improved security and fraud protection through their mobile apps, utilizing native device fingerprint or face biometrics.
In 2020, the companies originally partnered to implement a 3-D Secure protocol backed by Netcetera’s Access Control Server (ACS).
“Everything goes smoothly when you have a partner like Netcetera. When we started our cooperation, we recognized the big potential for growing the business of our customers and for improving their lifestyles,” says Maher Mikati, the CEO of Areeba. “By accepting what Netcetera enables as proven success in other developed markets, we act proactively to our customer’s demands and keep their competitiveness at the highest level.”
The digital identity solutions market is currently valued at $28 billion and is expected to exceed $70 billion by 2027, according to Statista.
But how can they call on him (Jesus Christ) to save them unless they believe in him (Jesus Christ)? And how can they believe in him (Jesus Christ) if they have never heard about him (Jesus Christ)? And how can they hear about him (Jesus Christ) unless someone tells them?” —Romans 10:14
In His Service,
Night Watchman Ministries
Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs of Salvation through Jesus Christ (the Lamb)
A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.