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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.