Press release december 2019

Kvanto Payment Services A/S (hereafter Kvanto) has released Kvanto Two Factor Authentication method (MPI/SCA Solution) Merchant Protection Interface

On September 14th, 2019, new rules on SCA (strong customer authentication) PSD2 applied to electronic payments within the European Union. Those rules have been postponed since several
parties were not ready.

When it comes, the last part of the EU directive PSD2 comes into force.6Two factor authentication means that card issuers can authenticate the cardholder based on two
independent validation categories of three possible. The three categories are:

Benefits compared to the PDS2-ba85afd4sed 3D-secure (version 2.0)

Kvanto MPI Solution is based upon the two first categories. Kvanto makes sure the merchant’s
customer and the cardholder is the same person by sending a code to the customers cell phone,
which the customer must fill into the payment window before the payment is approved.

3DS still only works properly in the northern Europe.

Kvanto’s MPI can be used in most geographical areas all over the world.

Kvanto’s MPI solution provides both customer and merchants with:

  • Assurance of secure transactions
  • Less fraud
  • Less chargebacks

Kvanto MPI Solution is a part of Kvanto’s payment platform which contains new edge solutions
and services within the payment industry.

Value proposition

The Kvanto MPI solution is a service, which can be called from anywhere. In practice, this service
will be executed in the payment window, and approval/decline will also be executed in the payment window.
Day-to-day operation of a MPI transaction starts with checking, if the merchant and/or the card
issuer is enrolled into this 2-phase authentication method process. For now, it is only Kvantomerchants who can use this service but soon it will be expanded to other acquires/merchants as
well. The process has started with several acquirers.
Within the MPI solution some additional fraud or filtering screening has been added to provide
different levels of acceptance for example restrict on geographical issues. Merchants can then
decide if these transactions, which will be flagged as ‘maybe’, should be approved or declined.
The module can add verifying of user by name and e-mail address by standardised verificationlookup-services, with more options.

What influence will it have on the security on Big Volume BanksNew Payment Security Options. We are talking about, more flexibility and more monitoring of
Risk and fraud analysis will be easier to produce, and banks will be able to be more in control of
the transactions.
Regarding large banks, we have seen a wide range of these banks having little offer for transaction protecting and monitoring of merchants with illegal transactions.
By managing this, and through the Kvanto MPI Solution, it will be possible to draw more protection to merchants, and instead of losing ex. 100 Mill € on fraud transactions, it will be possible
to make a direct saving of up to 50-60% of fraud.
This is an optimizing of online fraud and protection for customers as well as for banks.
Kvanto showed this at a customer live demo’s on the Singapore Fintech Festival, in Singapore.
Download our animation video her

About Kvanto Payment Solutions

Kvanto is a Payment Solution Provider company that provides simple, flexible, and cost-efficient
payments solutions on the global market. Through experience and knowledge does Kvanto challenge current structures and procedures in the established market.
Kvanto strives to be a one stop shop for payments with cross border solutions for merchants
and the leading EMEA/APAC multi-connectivity payment solutions provider measured in processing volume while being profitable.

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All statements regarding our expected future financial position, results of operations, cash flows,
financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as
“anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,”
“will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance,
or achievements. Kvanto Payment Systems A/S is under no obligation to (and expressly disclaim
any such obligation to) update or alter our forward-looking statements, whether as a result of
new information, future events or otherwise.

For further information, please contact the Company at:

Mr. Jesper V. Skorstengaard
CEO, Kvanto Payment Services A/S

Mr. Leon Samsø Pedersen
CSO, Kvanto Payment Services A/S