Cipher provides elasticity and scalability at low-cost. It has the ability to successfully process large volumes of transactions as per the demand. Thus, even during high sales periods such as the festive season, banks can confidently expect a significantly higher payment success rate.
Talking about Cipher and its usage, Murali Nair, President- Banking, Zeta said, "Cipher is a future ready and scalable ACS solution with best in class payment success rates. It is EMV 3DS certified and also equipped to manage high volume transactions. When the customer demand is high especially during festive season sales, banks and e-commerce companies can use Cipher’s platform to seamlessly manage large volumes of transactions with higher speed and lower transaction declines in a cost effective way. This will help the companies to increase their profitability with better user experience for the customers."
Cipher is a second-factor authentication product that provides a card issuing bank with the facility to authenticate and verify the user’s identity while performing online payments. These authentication methods include various mobile friendly features like Swipe2Pay, SuperPin, powerful APIs, SDKs, risk-based authentication as well as the commonly used SMS and email OTP. Cipher is a fully secure ACS solution that is PCI-DSS and PCI-3DS certified.
