MENTOR, OH — CardinalCommerce announces that 2ID SelectTM, the financial services version of its award-winning Consumer Authentication solution, Centinel SelectTM, is now available. 2ID Select’s rules-based Consumer Authentication allows the bank to create real-time rules for authentication transactions. Rules-based authentication allows for less consumer friction, increased sales and less fraud during the online shopping experience. Cardinal will showcase 2ID Select at the Payments 2014 Show, sponsored by NACHA, April 6-9 in Orlando, Florida.
“At CardinalCommerce, we are proud of our ongoing product development initiatives. We continue to maximize technology to provide up-to-date Consumer Authentication methodology to best meet the changing needs of our bank clients and their cardholders,” said Bruce Poore, senior vice president of Global Financial Services at Cardinal.
Issuing banks will benefit from using 2ID Select as part of their card issuing security suite by providing additional protection against fraud for their customers’ accounts. 2ID Select uses an arsenal of tools, providing both quiet and active Consumer Authentication, depending on the type and amount of each transaction, the device, the IP address and more, to balance the risk of the transaction with the customer’s experience.
Mike Keresman, Cardinal’s chief executive officer, said, “2ID Select is a natural progression to provide more flexibility and security for our bank Customers. With EMV just around the corner in the US, banks will be prepared and protected. Their One Connection to Cardinal will help FutureProof their payment needs.”
Through their One Connection to Cardinal with 2ID Select, banks and credit unions can offer their cardholders an efficient way to protect themselves from the impact of fraudulent transactions. Cardinal offers Verified by Visa, MasterCard SecureCode, American Express SafeKey, Diners Club ProtectBuy and JCB J/Secure. Cardinal also offers dozens of alternative payment brands from PayPal and Amazon Payments to niche payment brands, all easily integrated with little development effort necessary for the merchant.
CardinalCommerce has been a pioneer and global leader in enabling authenticated payment transactions in the card-not-present payments industry since 1999. Through One Connection to our proprietary SafeCloudTM payment platform, CardinalCommerce enables friction-free, technology-neutral authentication and alternative payment services (including digital wallets and mobile commerce services). Cardinal services, partners with and complements most providers in the marketplace to deliver their one connection solution to secure transactions. In accommodating this growing number of payment brands and methods, Cardinal’s platforms serve as universal switches, supporting virtually all merchant platforms, wallets, legacy processing systems and authentication methodologies.
CardinalCommerce is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa. For more information, visit www.cardinalcommerce.com.
About Primus Capital
Primus Capital is a private equity firm that invests in high-growth companies within the healthcare, software, technology-enabled services, and education industries. Founded in 1983 and currently investing Primus Capital Fund VII, Primus has invested in over 100 growth companies. Transaction types include buyouts, recapitalizations and growth equity investments. For more information, visit www.primuscapital.com.