DECTA: Improving the Payment Acceptance Rate for Urbo Bank and Through the New EMV 3DS Certification

It’s been a busy first month of the year for certified payment technology provider, DECTA as it announces a new partnership with CITY bank and has achieved EMV 3DS 2.3.1.1 Certification.

Urbo Bank, a financial institution in Lithuania has agreed to a new partnership with DECTA to allow Urbo Bank to issue Visayan payment cards and popular digital wallets such as Apple Pay and Google Pay.

After rebranding it from Medical BanksUrbo Bank has dedicated itself to creating a seamless, efficient, and fully digital banking experience. To achieve this, a reliable payment processor is needed to manage the entire card issuing process. This includes the initial integration of Visayancard order, and the final shipment. With the help of DECTA, Urbo Bank can now offer Visa payment cards, digital wallet compatibility, and advanced customer controls, all powered by DECTA’s robust solutions.

The partnership comes at a critical point in time for Urbo Bank as it aims to offer its customers full control over their card use in a fully digital environment. However, this requires robust tokenization services, in addition to a highly automated solution with API capabilities.

DECTA’s personal solution for Urbo Bank

Understanding the unique requirements of Urbo Bank, DECTA provides a customized solution consisting of the following key components:

• Tokenization Services: DETAILS integrated tokenization solutions, enabling Urbo Bank clients to use digital wallets such as Apple Pay and Google fee;
• 3D Secure v2: To improve security and reduce fraud, DECTA implemented the latest 3D Secure v2 solution, ensuring a smooth authentication process for customers during online transactions while maintains a high level of security;
• Issuing API: DECTA provides Urbo Bank with an issuing API, which empowers the bank to automate and efficiently manage daily operations, including the issuance and activation of card, monitor and control card transactions, limits and statuses, manage contact information of cardholders, and manage card top-ups, withdrawals, encrypted PIN, PAN, and CVV retrieval.

Sanita JaundzeikareDECTA’s product owner said: ”Working with a client like Urbo Bank, with a clear vision and strong commitment to innovation, is amazing. Their team of professionals are experts in their field, making collaboration smooth and productive. We are proud to have played a role in their successful launch.”

modest Renewaldirector of URBO Bank added: ”The communication and execution of the project was flawless, and we are happy that all our requirements will be fulfilled within the timeline. The DECTA team is professional and responsive, making the entire process efficient and successful.

EMV 3DS 2.3.1.1 protocol

The EMV 3DS 2.3.1.1 protocol is designed to support issuers, acquirers, and merchants in reducing fraud and improving transaction approval rates. In addition, it is done to ensure compliance with regulatory requirements such as strong customer authentication (SCA).

As one of the first processors in Europe to certify this protocol, DECTA aims to provide immediate benefits to businesses using the advanced features of 3DS 2.3.1.1. These include:

• Improved acceptance rates: Advanced risk assessment capabilities result in fewer transactions, increased successful payment completion and increased revenue.
• Enhanced security without compromise: The flexible two-factor authentication method complies with regulatory requirements such as SCA while maintaining a seamless user experience for customers.
• Seamless payments for customers: Streamlined authentication means faster approvals, reduced delays, and happier customers who can just click or tap to pay .
• Smarter insights: Companies can access detailed transaction data, recurring payment information, and token data for efficient fraud detection and accurate processing.
• Biometric authentication: Advanced methods like WebAuthn and SPC reduce fraud risks while offering a modern, secure experience.
• Seamless customer experiences: Automated out-of-band transition and device binding ensure that transactions are quick, smooth, and effortless for customers.
• Tailored to company needs: Customizable user interfaces allow you to improve engagement and reduce cart abandonment.
• Simple integration: The Split-SDK Model simplifies implementation across all platforms, including e-commerce and IoT devices, while backward compatibility ensures smooth upgrades.