Offering open banking API-based payments as a service.
The regulatory environment, together with changing customer behaviors, are encouraging financial institutions to embrace the journey toward open banking, which has been innovating the payment scene for some time now. As of the past year, EveryPay supports open banking API-based payments across the Baltic region at SEB and LHV banks. Some of the potential benefits include improved customer experience, new and better revenue streams, increased transparency and security for customers, giving them greater control and understanding of their own finances and banking data.
Implementing the 3D Secure 2.0
3D Secure (3-domain structure), also known as a payer authentication, is a security protocol that helps prevent fraud in online debit and credit card transactions. As the previous version was outdated and not very compatible with today’s smartphone users, Visa and Mastercard have worked out a new and improved version of the software which became the compulsory authentication method for online transactions by January 2021.
The update is a great improvement for everyone involved providing protection across multiple platforms whilst reducing the risk of fraud and wrongly declined purchases, ultimately resulting in better UX.
EveryPays success and the 2020 PayTech awards and the Deloitte Fast 50 competition.
EveryPay was named one of Central Europe’s fastest-growing technology companies in the annual Deloitte Fast 50 competition, as well as recognized as the Best Cloud Payment Solution at the 2020 Paytech Awards.
We are beyond happy that in 2020 we have incorporated two of the biggest ERP platforms in the Baltic region – Directo and Excellent (Standard Books by Excellent). But that’s not all, we have also integrated companies that support e-commerce platforms, such as Woocommerce, Shoproller, Opencart, Magento, Prestashop etc.
Taking into account the above, the past year turned out to be even better than initially anticipated. As the pandemic took the world by surprise, many businesses were left to fend for themselves during these trying times, however, this is where technology and new developments have an advantage by supporting businesses with automated solutions, intelligent services, and cloud-centric environments.