Celeris Teams Up With Visa to Launch Network Tokenization Service For Merchants

June 3, 2024—Amsterdam, Netherlands—Celeris, an award-winning and trusted payment orchestration provider in the payments industry, announced a collaboration with Visa, a world leader in digital payments, to unlock network tokens for Celeris’s extensive merchant network. Replacing card details with secure tokens helps to enhance security and mitigate fraud while also improving conversion rates by reducing transaction declines and ensuring seamless recurring payments. This overall leads to smoother and more secure transactions. Additionally, Network Tokens support higher 3DS authorization rates and use Account Updater services to refresh payment information, preventing disruptions and improving retention automatically. “Collaborating with Visa allows us to bring a higher level of security and efficiency to our merchants,” said Sunil Jhamb, CEO of Celeris. “This initiative aligns perfectly with our mission to provide innovative payment solutions that are both secure and seamless. We are excited about the potential this collaboration brings to enhance the overall payment experience for our clients.” Juergen Schuebel, Head of Visa Acceptance Solutions, Europe, Visa, comments: “Partnerships play a vital role in helping drive innovations that reshape the payments experience. We are delighted to share our advanced Visa Acceptance Solutions network tokenization service with Celeris and its customers, unlocking more secure and efficient transactions for businesses of all sizes.”