PayTabs becomes first to deploy Modirum 3D secure payment solutions within the Kingdom of Saudi Arabia

PayTabs becomes first to deploy Modirum 3D secure payment solutions within the Kingdom of Saudi Arabia

Riyadh: Saudi Arabia’s PayTabs Group, the region’s award-winning payment solutions provider, today announced a strategic agreement with Modirum a global brand with a track record of delivering effective 3D secure solutions for over 20 years.

The alliance between the two firms aims to offer flexible, robust, and cost effective EMV 3D secure authentication solutions for PayTabs merchants, banks, and processors across the Kingdom of Saudi Arabia.

With cybercriminals on the lookout for security lapses, one of their favorite targets is collecting sensitive payment information of online shoppers. The biggest benefit of 3D secure payments is that it prevents any payment fraud or identity theft for both the end customer and merchants.

According to a report by Deloitte, several organizations in the Middle East are struggling with online payment fraud, especially since the pandemic hit.

Modirum’s 3DS solutions make it possible for PayTabs as a payment processor to offer authentication and verification of users’ identity. This ensures secure and seamless digital payments across all devices such as desktops, laptops, tablets, and mobiles. The software security solution also aims to prevent card fraud on merchants’ websites and e-stores offering ecommerce vendors peace of mind.

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