Introduction
IXOPAY, a prominent enterprise payment orchestration platform, and Riskified, a pioneer in ecommerce fraud and risk intelligence, today announced a strategic partnership to improve payment security, mitigate fraud challenges, and strengthen the resilience of payment operations. The hazards that are associated with the increasing complexity of global payment ecosystems are also increasing. IXOPAY and Riskified are collaborating to offer businesses a secure, efficient, and seamless method of improving their payment orchestration and effectively defending against fraud threats.
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IXOPAY and Riskified’s partnership is intended to improve customer satisfaction by reducing operational costs by minimizing the need for manual evaluations and by integrating AI-powered fraud detection to enhance payment processing. In addition, the partnership will decrease false declines and other transaction disruptions. The integrated solution will enhance the overall performance of ecommerce by ensuring regulation compliance, providing real-time threat response, and improving adaptive payment routing. Additionally, it will provide comprehensive network-wide analytics.
IXOPAY’s payment orchestration, tokenization, and flexible payment optimization capabilities are integrated with Riskified’s AI-powered fraud and risk intelligence platform in this partnership. By optimizing payment flows for a frictionless customer payment experience, businesses will be able to reduce false declines, enhance security to mitigate fraud chargebacks, and increase sales conversion. This combined solution will enable merchant growth while minimizing risk.
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Industry Comments
Riskified,” said Brady Harris, CEO of IXOPAY. “Riskified’s machine learning technology enhances our ability to detect fraud and reduce chargebacks, further strengthening our commitment to safeguarding revenue while approving more legitimate transactions.”
“Our partnership with IXOPAY marks a significant step forward in helping merchants optimize their payment processes and improve operational efficiency,” said Eido Gal, CEO of Riskified.
“By integrating omnichannel payment processing, we’re strengthening our fraud prevention capabilities while improving the transaction experience for merchants and consumers.”
“The partnership between IXOPAY and Riskified will provide Super.com a market advantage with end customers and travel agency partners,” said Sarah Boehmer, Senior Director of Payment Processing & Fraud Strategy at Super.com. “The unified solution will allow us to collect a credit card PAN and securely forward it to our travel partners, while keeping Super.com PCI compliant and our customers protected from fraud.”
FAQs
1. What is the goal of the partnership between IXOPAY and Riskified?
The partnership aims to enhance payment security, reduce fraud, and improve payment operation resilience for businesses. By combining IXOPAY’s payment orchestration capabilities with Riskified’s AI-powered fraud detection, the collaboration provides a seamless and secure ecommerce experience.
2. How does the partnership benefit businesses?
Businesses using the combined solution can increase sales conversions by reducing false declines, lower operational costs by minimizing manual reviews, and improve customer satisfaction with frictionless payment experiences. The solution also strengthens fraud prevention, reduces chargebacks, and ensures compliance with regulations.
3. What technologies are central to this partnership?
The partnership integrates IXOPAY’s payment orchestration, tokenization, and adaptive payment routing with Riskified’s AI-powered fraud intelligence platform. This combination delivers real-time threat response, robust analytics, and optimized payment flows, enhancing overall ecommerce performance.
Conclusion
The strategic partnership between IXOPAY and Riskified represents a significant advancement in tackling the challenges of modern payment ecosystems. By blending AI-driven fraud detection with flexible payment orchestration, this collaboration empowers businesses to optimize their payment processes, reduce operational inefficiencies, and enhance security. Merchants can achieve higher sales conversions while minimizing risks such as fraud chargebacks and false declines. With robust analytics and adaptive payment solutions, this partnership supports ecommerce growth, offering a reliable and efficient approach to navigating the complexities of global payment systems.
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