IXOPAY, an enterprise payment orchestration platform, and Riskified (NYSE:RSKD), a key player focused on ecommerce fraud and risk intelligence, announced a partnership to enhance payment security, lower fraud challenges and boost payment operation resilience.
As global payment ecosystems become more complex, so do the associated risks. IXOPAY and Riskified are teaming up to “provide businesses with a seamless, secure and efficient way to enhance their payments orchestration and effectively repel fraud threats.”
This partnership combines IXOPAY’s payment orchestration, tokenization, and flexible payment optimization “capabilities with Riskified’s AI-powered fraud and risk intelligence platform.”
Businesses using this combined solution will have the opportunity to increase sales conversion by reducing false declines, “enhance security to minimize fraud chargebacks, and optimize payment flows for a frictionless customer payment experience-enabling merchant growth while minimizing risk.”
Brady Harris, CEO of IXOPAY said:
“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.”
Eido Gal, CEO of Riskified said:
“Our partnership with IXOPAY marks a significant step forward in helping merchants optimize their payment processes and improve operational efficiency. By integrating omnichannel payment processing, we’re strengthening our fraud prevention capabilities while improving the transaction experience for merchants and consumers.”
Sarah Boehmer, Senior Director of Payment Processing & Fraud Strategy at Super.com said:
“The partnership between IXOPAY and Riskified will provide Super.com a market advantage with end customers and travel agency partners. 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.”
Designed to enhance payment processing by integrating AI-powered fraud detection, IXOPAY and Riskified’s partnership will aim to “reduce operational costs by minimizing the need for manual reviews and improve customer satisfaction by decreasing false declines and other transaction disruptions.”
The combined solution will help ensure regulation compliance, provide real-time threat response, and improve “adaptive payment routing while providing robust network-wide analytics to improve overall ecommerce performance.”
As noted in the update, IXOPAY is a provider of enterprise-grade payment orchestration, providing “a fully integrated platform and flexible payment optimization modules to businesses around the world.”
With a single API and scalable payments architecture, IXOPAY empowers businesses to simplify, “secure, and increase the resilience of their payment systems.”
As mentioned in the announcement, Riskified empowers “businesses to unleash ecommerce growth by outsmarting risk.”
Many of the world’s brands and publicly traded companies selling online rely on Riskified for “protection against chargebacks, to fight fraud and policy abuse at scale, and to improve customer retention.”
Developed and managed by the largest team of ecommerce risk analysts, data scientists, and researchers, Riskified’s AI-powered fraud and risk intelligence platform “analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights. “