IXOPAY has partnered with Forter to increase customer security and anti-fraud measures.
Forter’s automated fraud decisioning process will provide IXOPAY with the support necessary to drive growth and maximise customer lifetime value.
Proprietary data provided by both firms points to a simultaneous influx of both fraud attempts and false transaction flagging where ‘for each dollar lost to fraud, the average business loses thirty dollars from false declines’.
To tackle this, Forter’s solution can be directly integrated into IXOPAY’s payment orchestration platform through a central application programming interface (API).
Aaron Begner, General Manager EMEA at Forter, said: “When you solve for fraud intelligently, you’re actually pulling a powerful growth lever.
“Our new partnership with IXOPAY will not only help merchants block fraud, but they’ll also have the insights needed to deliver superior customer experience and maximise customer lifetime value.”
Transactions will be monitored in real-time through an independent Software-as-a-Service (SaaS) solution that is connected to local, international and alternative payment methods (APMs), in addition to the improved conversion and lowered fraud rates that both firms promise.
Adam Vissing, Vice President of Sales and Business Development at IXOPAY, added: “With Forter, we have gained a strong, global partner for our customers. Currently, more than 10,000 businesses worldwide rely on Forter’s platform.
“The ongoing development of both solutions provides our customers with the assurance that they can rely on the highest quality, contain threats in the long term and ensure stable customer relationships.
“We look forward to continuing to work with Forter to develop world-class services and further expand our relationship.”