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IXOPAY partners with AI fraud prevention specialist Fraugster

By Joy Dumasia

November 22, 2021

  • Europe
  • FinTech
  • Fraud Management
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IXOPAY partners with AI fraud prevention specialist, Fraugster to give online merchants easy access to a range of fraud prevention, compliance, and revenue uplift solutions via a single API. The rapid growth in e-commerce means merchants demand more flexibility from their payment and fraud prevention partners, with the ability to access new solutions as their businesses expand into new regions and payment methods.

This partnership will enhance the solutions available to a range of merchants and payment companies. BNPL providers addressing complex fraud use cases, like Synthetic Identity Fraud, will access device intelligence and linking analysis to mitigate this risk. Similarly, online Marketplaces and iGaming companies will be able to go live faster without historical data and benefit from complete chargeback protection via a no-code integration.

Fraugster enables the world’s leading merchants, global payment companies like Worldline and Ratepay to intelligently manage the impact of fraud to minimise the costs of fraud, maximise revenue and improve customer experience. IXOPAY is a payments orchestration platform enabling independent, flexible and global payment processing. 

IXOPAY CEO Nathalie Siegl says: “Payments are a mission-critical part of any business. Our goal is to give clients a streamlined experience and access to the best options available, from the best payments processing options per country to industry-leading risk management. Partnering with Fraugster is an organic step; their advanced AI technology provides unparalleled fraud protection without adding complexity or sacrificing user experience.”

Fraugster Co-CEO Christian Mangold said: “We are delighted to be partnering with IXOPAY, who share our belief that the industry needs to unite against fraud and provide more flexible and scalable solutions to customers. Too many merchants I speak with tell me that they have multiple integrations with different vendors to cover risk, fraud and compliance topics. This creates complexity and drives up costs. It should not be that way. Our customers will be able to simplify things by picking and choosing from multiple solutions, including full chargeback protection, via one integration.”

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