Tech News Summary:
- Praxis Technology has launched a new 3DS Cascading feature aimed at making online payments faster and easier while still adhering to Strong Customer Authentication requirements.
- The feature is based on Praxis’ Smart Routing technology, eliminating the need for re-authentication after processing errors and simplifying the payment process while maintaining security protocols.
- The new feature is expected to enhance merchant services and value proposition by making online payments faster and easier for users without compromising security and necessary verification.
Praxis Tech Unveils Cutting-Edge 3DS Cascading Module for Enhanced Security
Praxis Tech, a leader in the cybersecurity industry, has announced the release of their newest product, the 3DS Cascading Module. This cutting-edge technology is designed to significantly enhance security measures for online transactions and protect businesses and consumers from fraud.
The 3DS Cascading Module utilizes advanced algorithms and machine learning to analyze and verify the authenticity of online transactions in real-time. By implementing a multi-layered approach to security, the module can detect and prevent fraudulent activities, such as identity theft and unauthorized access, before they occur.
“We are thrilled to introduce the 3DS Cascading Module to our lineup of cybersecurity solutions,” said Dr. Michelle Wong, CEO of Praxis Tech. “With the increasing prevalence of online fraud, it is crucial for businesses to adopt advanced security measures to safeguard their customers and their assets. This new technology will provide an extra layer of protection and peace of mind for both businesses and their customers.”
The 3DS Cascading Module is fully compliant with the latest 3D Secure 2.0 protocol, ensuring seamless integration with existing e-commerce platforms and payment gateways. Its user-friendly interface allows businesses to easily customize security settings and monitor transactions in real-time, providing a comprehensive overview of potential threats and suspicious activities.
In addition to the enhanced security features, the 3DS Cascading Module also offers a frictionless user experience, minimizing the impact on legitimate customers and reducing the likelihood of false positives.
Praxis Tech is currently offering demonstrations and trials of the 3DS Cascading Module to interested businesses and organizations. With its advanced security capabilities and user-friendly interface, this new technology is set to revolutionize the way businesses protect online transactions and mitigate the risk of fraud.