Middle East Payment Services partners with Mastercard to upgrade its payment authentication platform to latest EMV 3DS standard

Amman, Jordan; 15, February 2024:?Middle East Payment Services (MEPS), an innovative Jordan-based payment processor, has worked with Mastercard to upgrade its payment platform infrastructure to the latest EMV 3-D Secure (3DS) standard that helps issuers and merchants prevent card-not-present (CNP) fraud. This improvement will dramatically minimize the number of fraud complaints while enhancing consumer experiences for MEPS clients.

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The switch to e-commerce, along with rapid technological advancements, presents new challenges for issuers and merchants. MEPS and Mastercard enable seamless checkouts while ensuring payment authentication, minimizing fraud and satisfying customer expectations of trust and security.

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“Implemented in Iraq, Palestine, Jordan and Yemen, the new platform aligns with MEPS’ strategy to acquire best-in-class advanced technology solutions that are robust and scalable to enhance the security of e-commerce payments. We also expect to roll out new market-first authentication features this year,” said Ali Abdel Jabbar, CEO, MEPS.

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“As the digital economy grows, so do the intentions of cybercriminals, who are ready to exploit weak links. Mastercard’s best-in-class security tools and capabilities provide an additional layer of security for managing regulatory, financial and fraud risks. We are delighted to strengthen our ongoing partnership with MEPS to help them safeguard their customers’ transactions to the highest standards,” said Cynthia El Khoury, Country Business Development Lead, Levant and Iraq, Mastercard.

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Mastercard and MEPS enjoy a long-standing collaboration with payment security at its core. The two companies signed an alliance agreement in 2013 with the aim of boosting payment acceptance across the Levant region. Last year, they introduced a series of next-generation biometric payment cards that combine chip technology with fingerprints to conveniently and safely verify the cardholder’s identity for in-store purchases.

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About Mastercard (NYSE: MA) www.mastercard.com?

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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About MEPS www.mepspay.com

Middle East Payment Services (MEPS) is a payment partner that bridges the interaction between consumers, merchants, and financial institutions, introducing change and innovation to shape the way of life and daily habits from cash to digital currency in parallel with changing customer behaviors and developments in the field of financial technology, by providing safe, flexible, and reliable solutions that meet diverse payment requirements.

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MEPS is an innovative regional payment services provider, offering a wide range of secure payment solutions, including industry-leading payment processing capabilities, digital wallets and online cash solutions, mobile applications, unique merchant services, and ATM management, in addition to a comprehensive range of customized value-added services that meet the growing demand for payment solutions throughout Jordan, Palestine, and Iraq.

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MEPS offers a comprehensive range of services that enhance payment services for banks and other businesses, as well as providing unparalleled security to consumers across the region.

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