acquiring.com put 21st century anti-fraud system at heart of customer offering with implementation of Cybertonica’s AI-enabled fraud and risk management technology
London, 26 November 2018 – Cybertonica, the leading award-winning fraud prevention and payment risk management company that uses machine learning and artificial intelligence to manage fraud, reduce basket drop-off and increase conversion for all channels of e-payments and transaction platforms, have today announced a brand-new partnership with acquiring.com, Secure Trading Group’s merchant acquirer.
acquiring.com’s payment solutions will be bolstered by Cybertonica’s GoFrictionless product, a multi-factor cloud-based artificial intelligence and machine learning system that will empower acquiring.com’s clients to increase the share of accepted transactions at no additional risk, meanwhile reducing the cost of fraud and lowering chargeback rates.
“Cybertonica has delivered GDPR and PSD2 compliant, strong authentication technology that we are now bringing to the future of money and omni-channel payments,” said Joshua Bower-Saul, CEO and Co-Founder of Cybertonica. “Our new partnership with acquiring.com will help to strengthen the acquiring services they offer across multiple verticals and clients by arming them against sophisticated fraudsters with our innovative GoFrictionless product operating in a seamless way with their fraud team.”
“At acquiring.com, combatting fraud and protecting merchants are paramount to our approach as an acquirer,” said Ryan Cachia, Managing Director at acquiring.com. “Cybertonica’s risk management and fraud prevention suite of products enhance the way that we protect our international client-base by reducing chargebacks and identifying more potential threats before they can materialise. Cybertonica are an exciting company whose continuing innovation will propel acquiring.com towards even greater standards of protection for our customers. This combined solution once again solidifies acquiring.com in its growing leadership position in the EMEA acquiring market.”
“Our fundamental mission here at Secure Trading is to be the driving force behind merchants’ commercial activity by powering their payments; Cybertonica’s AI-enabled tech will help facilitate this,” Daniel Holden, CEO of Secure Trading Group added. “We are looking forward to working with Cybertonica closely in the future to build bespoke products across different industry verticals including gaming, crypto and InsurTech.”
Cybertonica’s cloud-based platform also improves transactional data security and respects both the GDPR and PSD2 requirements for tomorrow’s payment world. It provides accurate authentication in less than a second, reducing declines of a traditional rule-based system while providing insights to customer behaviour and risk that increase conversion and provide updates and alerts through the customised dashboard. The Cybertonica team brings nearly 50 years combined fraud management experience so that the system is designed to improve fraud and operations management every day.
Cybertonica uses Machine Learning and Artificial Intelligence to eliminate fraud, reduce basket drop-off and increase conversion for all channels of e-payments and transaction platforms. The company provides frictionless on-boarding, checkout and secure payments processing for e-commerce and digital banking. Cybertonica’s service increases conversion and sales by up to 25% while managing card-not-present and other categories of fraud at world-class compliant standards. Cybertonica has won numerous distinctions and awards since its product came to market, including the Best Use of Payments Data Award at Emerging Payments Awards 2018 and Best Data Analytics & Science Award at Merchant Payments Ecosystem 2018 Awards. Cybertonica also became one of the two peer-selected winners of FinTech Europe 2018 Program, received the Best New Back Office Innovation Award at the Emerging Payments Awards 2017, selected as one of the European FinTech 100 companies, and identified among the 2017 top cybersecurity AI companies by CB Insights. To learn more, please visit cybertonica.com.
acquiring.com is an acquiring bank based in Malta which holds a principal membership license with Visa & Mastercard. Founded in 2014 as Secure Trading Financial Services Limited, acquiring.com works seamlessly in partnering with any PSP, payment facilitator, ISO, or merchant from a traditional or high-risk vertical. The business relationship between partner and acquirer is nurtured by acquiring.com’s dedicated account team, allowing them to develop a clear understanding of each business goal and to formulate the most intelligent strategy to achieve it.
acquiring.com are highly specialised in powering payments for online gaming merchants not only in Europe but also in the US, where they have excelled for the past four years providing gambling payments solutions in New Jersey and Las Vegas.