Overview
Across the business, the Worldpay team is dedicated to advancing the way the world pays, banks and invests. Embedded in their mission is a goal to ensure the business uses technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers.
The partnership with Featurespace has seen Worldpay further accelerate the development of their services for their merchant customers with FraudSight. Worldpay wanted a solution with an acquirer’s overview of all payment services, which was not strictly rules-based. Powered by the Featurespace platform’s unique combination of Adaptive Behavioral Analytics and machine-learning technology, FraudSight delivers merchant protection across sales channels while also increasing acceptance of genuine customer transactions.
Capitalizing on the power of machine learning, Worldpay’s FraudSight is uniquely engineered to connect in-store and online transactions that are used to build behavioral models from card-specific activity. Regardless of channel, FraudSight detects fraud and optimizes approval rates, boosting revenue across all channels.
“Managing fraud isn’t just about keeping out all of the bad transactions; you also have to ensure that the good transactions are still getting through. FraudSight will leverage our unique combination of technology, data and people to help protect our merchants and their customers against the financial threat that fraud poses.”
Asif RamjiChief Product and Marketing Officer, Worldpay
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