Signifyd Launches New Solution to Tackle Payment Service Provider Pain Points

meaningfulDigital commerce protection provider has launched Fearless Payments for payment providers. It is a series of innovative solutions that enable Payment Service Providers (PSPs) to significantly increase approval rates while reducing operational costs and providing customers with complete financial assurance for all types. of chargeback.

Fearless Payments offers Signifyd technology to payment service providers. This sets you apart from your competitors and drives significant additional revenue for your customers by increasing order approval rates by 5% to 9%. Accurately optimizing payments is the next frontier in digital commerce.

With the launch of Fearless Payments, Signifyd will transition into serving the financial services sector in earnest, bringing the largest enterprise commerce network outside the financial services sector to this segment. Amazon And the transaction intelligence that comes with that scale. The new solution repairs the data disconnect that historically meant good orders were rejected for fear of fraud.

Fearless Payments enables payment service providers to better serve their merchants by enhancing their solutions and transaction intelligence using Signifyd’s vast commerce network of thousands of merchants and leading machine learning decision-making capabilities. can provide.” Gayathri Somanat Said.

Historically, major players in payments infrastructure have relied on limited silos of data to make decisions with opaque visibility. Fearless Payments gives PSPs the comprehensive view of their e-commerce transactions they need to reduce data fragmentation and improve authorization rates while protecting merchants from fraud.

Additionally, Signifyd has direct relationships with some of the world’s largest credit card issuers to further improve the problem of false rejections and increase approved transactions for merchants and PSPs.

This comprehensive view ultimately reduces the number of authorization requests that are falsely denied for fear of fraud.

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Fearless Payments’ Payment Optimization Platform consists of five solutions:

• Automated risk determination: Evaluate the risk behind every trade and instantly classify fraudulent from legitimate orders.
• Approval rate optimization: Provide enhanced data to partner issuers and financial institutions, leading to increased approval approvals.
• Guaranteed Chargeback Protection: We offer full financial protection against fraud and non-fraud chargebacks for all approved orders.
• Chargeback collection: A managed service that relieves merchants from the task of managing and disputing chargebacks.
• Dynamic Exemption Management: Seamlessly navigate European PSD2 requirements while identifying orders that are exempt from stringent Customer Authentication (SCA) requirements.