The client is a global payment gateway operating in 18 growth markets across various regions including Asia, Central and Eastern Europe, Latin America, the Middle East, and Africa.
The Challenge:
The client has a vast merchant network exceeding 450,000 merchants, offering over 100 payment methods. They sought to collaborate with a security and compliance firm to develop a transaction authorization process that could bypass the need for CVV/CVC/CID data while complying with all relevant legal requirements for online payment processors and adhering to PCI DSS standards for acquiring and authorization processes.
The Solution:
Panacea Infosec worked closely with the client's team to devise a PCI DSS-compliant, innovative transaction authorization solution that met the client's needs and received approval from a major payment brand.
The solution devised revolutionized the way online purchases are paid for by eliminating the need to use CNP SAD data. It achieved this through a combination of technological innovation and minor adjustments to existing processes.