Hannah Fitzsimons, EVP and General Manager of Elavon Merchant Services
Elavon has been a leader in payment processing, leveraging the world’s best technologies for their partners from large worldwide enterprises, to locally owned small businesses. Elavon processes more than five billion transactions, valued at nearly $450 billion, around the world per year. With the use of Featurespace’s innovative ARIC™ platform, Elavon has developed a fraud network to detect anomalous activity using adaptive behavioural analytics.
In line with Europe’s second Payments Services Directive (PSD2) that requires Strong Customer Authentication (SCA), Elavon’s network detects instances of fraud, helping to mitigate the need for additional security checks, reducing unnecessary friction when consumers transact online.
The combination of Featurespace’s ARIC platform and Elavon’s 3DS services enables merchants to detect anomalies and prevent fraud across all payment methods and channels through the advanced, multi-layered approach to fraud prevention in real time.
Elavon Selects Featurespace to Launch New Fraud Prevention Capabilities
Elavon’s unique fraud network, which leverages Featurespace’s Adaptive Behavioural Analytics, to help merchants to detect fraudulent activity and simplify the online checkout experience for consumers.
Payments Optimization | Maximise conversion, minimise fraud
This case study by Elavon explores how merchants can strike a balance between sales conversion, customer experience and fraud prevention.