2024 in Review: Our 4 Areas of Focus
Blog post from Basis Theory
In 2024, Basis Theory prioritized platform speed and performance, 3D Secure support, automated Account Updater capabilities, and Managed Connections for payment orchestration. Performance improvements included token search and list endpoints enhanced by more than tenfold, session calls averaging 50% faster, and token creation and read operations accelerated, with average and p90 token creation times cut in half and maximum creation time becoming ten times faster. The company introduced 3DS transaction support for Enterprise customers and published integration resources for web, mobile, and React Native implementations. Its automated Account Updater service enables merchants to refresh near-expired card tokens on flexible schedules and receive webhooks when processor tokens need updating. Managed Connections also launched to let merchants use Payment Orchestration APIs to switch between payment processors, aiming to improve flexibility, reliability, and payment acceptance rates.
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