Card scheme program manager SetldPay has announced that it has selected Tribe Payments as its issuer processor provider, while also benefiting from its Risk Monitor and 3D Secure solutions.
To further enhance and advance its operations, SetldPay has selected Tribe as a provider of its issuer processing solutions, as well as its Risk Monitor and 3D Secure services. The decision to partner was due to Tribe’s technological capabilities and previous interactions with the company’s team. In addition, SetldPay took into account the market demand for a program manager who can facilitate the delivery of payment programs for the industry. Company representatives emphasized that SetldPay has developed its technology in collaboration with partners such as Tribe to provide optimized services while focusing on a customer-centric experience, program development and continuous improvement of technology and services.
In addition, SetldPay, which currently offers its solutions across Europe, has been focusing on open loop and private label card programs since the start of its operations in 2023. The company delivers solutions for prepaid card programs, including gift cards, fuel cards, travel and foreign exchange cards, B2B and business cards. In addition, SetldPay works with the Visa and Mastercard card schemes and two issuers to ensure a wide range of expertise and choice in terms of product, compliance and geography.
How will Tribe support SetldPay?
In addition, Tribe intends to provide its 3D Secure Solution (3DS) to SetldPay, which provides a simplified authentication process for banks, fintech companies and acquirers. The solution is designed to optimize risk management and fraud prevention for companies offering online payment services.
