Evervault Debuts Modular Payment Security Platform To Give Customers More Flexibility And Control

By Author: otis
Total Articles: 346
Comment this article

Evervault, a trailblazing data security company, has made an exciting announcement about its expansion into the payments sector with the introduction of a cutting-edge independent payments security platform. This innovative modular platform empowers fintechs, banks, and merchants to have complete control over their payment infrastructure without compromising on compliance or security. By offering this added flexibility, businesses can accelerate their growth, expand their reach globally, and enhance their product development.

Evervault's platform utilizes a unique encryption model and incorporates tools specifically designed to safeguard payment data. Additionally, they offer product extensions such as Network Tokens and Card Insights. Traditionally, various components like Payments iFrames, 3D Secure, fraud prevention, tokenization, and processing are bundled together with payment processors. However, Evervault takes a different approach by unbundling these elements, providing customers with a modular infrastructure that is independent of their payment processors. This approach grants businesses greater control over ...
... their payments while minimizing the burden of compliance.

This flexibility is of utmost importance as the payments landscape continues to evolve into a more global and digitized environment. Businesses that aspire to expand require a reliable partner to facilitate cross-border transactions and cater to emerging markets. The proliferation of payment processors has resulted in downward pricing pressure, creating a demand for independent payment components that allow companies to regain control over their payment data.

Shane Curran, the Founder and CEO of Evervault, emphasized the significance of their technology in the current payments landscape, highlighting the necessity for a secure, customizable, and independent platform for payments. He stated, "Given the dynamic nature of the payments landscape and the critical importance of card data security, it was evident that our technology had a powerful and obvious application – a secure, customizable, and fully independent platform for payments. Our solution will provide fintechs, banks, and merchants with the flexibility they require to build more capable and efficient businesses."

Read More - https://www.techdogs.com/tech-news/business-wire/evervault-debuts-modular-payment-security-platform-to-give-customers-more-flexibility-and-control