Worldline, a global leader in payment services, has announced its recent collaboration with Visa Acceptance Solutions to launch an advanced fraud management solution. This strategic move aims to enhance Worldline’s payment services by integrating Cybersource’s Decision Manager, promising effective fraud detection across multiple sectors.
The alliance is built on the vast transactional database and consolidated expertise of both entities, offering a robust offering for various companies. The travel sector emerges as one of the key beneficiaries of this solution, thanks to both companies’ extensive history in the industry. It is particularly suitable for airlines, hotels, online agencies, and also adapts to retail, digital, and gaming sectors.
Fraud in digital commerce is a constant threat that presents evolving challenges for merchants. They often face internal resource constraints and limitations in available management tools. As fraudulent approaches become more sophisticated, having data-driven insights and AI technology is vital to ensure protection and optimize customer conversion. The implementation of Decision Manager provides companies with a significant advantage, ensuring a secure and seamless customer experience, enabling higher revenues.
This advanced fraud management system, integrated into Worldline via an API, uses artificial intelligence to distinguish between real and fraudulent behaviors, increasing transaction acceptance rates supported by knowledge based on large volumes of data from both organizations. With the data and expertise of Worldline’s team of experts, protection and payment experience for users are significantly enhanced.
Panteha Pedram, Global Head of Fraud Excellence Center at Worldline, emphasizes the current relevance of data-driven insights: “Our collaboration with Visa Acceptance Solutions allows us to leverage a vast amount of data and advanced machine learning techniques to provide an extremely accurate and effective fraud detection solution.”
Tareq Muhmood, Senior Vice President of Value-Added Services for Europe at Visa, states that this collaboration is an example of how Visa strengthens financial institutions and payment providers globally, promoting AI-supported business solutions that optimize both customer experience and revenue conversion globally.
With this advancement, Worldline not only provides companies with a powerful mechanism to efficiently manage fraud, but also enables freeing up internal resources to focus on business growth and meeting customer needs. This alliance promises to redefine security and efficiency standards in digital payments worldwide.
Referrer: MiMub in Spanish