On February 15, 2023, SumUp, a leading financial technology company focusing on small businesses, and Netcetera, a market leader in digital payment solutions and payment security, partnered to protect small merchants from fraud. Through this partnership, SumUp will leverage Netcetera's dynamic solution to provide a robust and dependable Access Control Server (ACS), a crucial component of the authentication process.
The solution offers a high level of security and minimizes transaction flow touchpoints, allowing cardholders to avoid cumbersome multi-step processes and moving between apps when paying. The combination of Netcetera's 14 years of experience in the 3D-Secure market and SumUp's innovative capabilities in online finance solutions have produced a remarkable product. It is a game-changer for smaller businesses, allowing them to quickly sell their products online, boost conversion rates, and still provide first-rate fraud protection.
Head of Business Operations at SumUp, David Tatarishvili, shared, "Our userbase's security has always been our foremost priority; collaborating with Netcetera ensures that all our merchants, and their customers, are protected against e-commerce fraud and other security risks. By providing SMEs with ACS, it sets up a comprehensive line of defence against cyber criminals, saving merchants both time and money."
(Source - Yahoo Finance)
Through this partnership, SumUp and Netcetera intend to democratize access to industry-leading security solutions for small entrepreneurs and ensure that small- and medium-sized enterprises in the United Kingdom have access to digital security solutions to protect themselves and their customers.
About SumUp
SumUp is a global leader in financial technology based in London, with a mission to level the playing field for small businesses. Founded in 2012, it is the financial partner for over 4 million small merchants in over 35 global markets, assisting them in starting, operating, and expanding their businesses. The company's Super App offers merchants a free business account and card, an online marketplace, an invoicing solution, and in-person and remote payments seamlessly integrated with its card terminals and POS registers. Stonewall Workplace Equality Index recognized SumUp as a Top Global Employer for the LGBTQ+ community in 2022.