back Back

Worldpay from FIS launches Revenue Boost to raise merchant sales

By Gloria Methri

July 26, 2023

  • Cardless Transactions
  • FinTech
  • Payment Optimization
Share

Worldpay from FIS, Payment Processing, Revenue Boost, Cardless Transactions, Payment Optimization, FinTech, UKWorldpay from FIS has unveiled Revenue Boost, a turnkey solution, powered by machine learning, designed to help merchants process more cardless transactions while lowering the cost and risk of taking payments.

Revenue Boost is a unified payment optimization solution designed to enhance merchants’ payment authorization, streamline costs, and approve all legitimate payment transactions.

The turnkey solution, which helps maximize conversions, minimize costs and reduce fraud for merchants, combines the scale of Worldpay’s payments data with machine learning to maximize performance. Working with Worldpay’s payments experts, the solutions’ multiple features can be mapped to a merchant’s specific needs to help boost revenue on e-commerce sales, while creating new opportunities to accelerate growth.

Analysis of Worldpay Revenue Boost pilot data, captured between May 2022 and April 2023 and based on a minimum of 500k transactions, saw the following gains for pilot merchants:

  • One customer saw $6 million approval lift over a 6-month period.
  • A customer saw a 4% acceptance lift on Black Friday.
  • $1.2 million in payment cost savings over a 12-month period, for an individual merchant, from the usage of network payment tokens.

Gabriel de Montessus, Head of Global Enterprise, Worldpay from FIS said, “It is time to rethink the narrative on payments – they are a strategic lever that can accelerate growth for ambitious merchants. Worldpay’s solution combines our extensive payment expertise with the scale of our payments data to help optimize how merchants take payments. By lowering costs and lifting approval rates we can unlock the true value of payments for our customers. We’ve already seen success for some of the world’s biggest brands and we look forward to working with more to fuel their commerce globally.”

Worldpay enables merchants of all sizes to take, make and manage payments across channels, geographies, and industries. Over one million merchants globally trust Worldpay solutions to power their in-store, online, and mobile transactions, fight fraud, optimize authentication and tap into value-added services that boost commerce.

Previous Article

July 26, 2023

Fidelity International enters India; opens office in Bengaluru

Read More
Next Article

July 26, 2023

Airtel Money and TerraPay enable cross-border payments in UAE

Read More













IBSi Daily News Analysis

Middle East, Payment, SMEs

September 26, 2023

Cardless Transactions

Omnichannel payments drive SME growth in MENA, study shows 

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Brankas and Konsentus to launch Banking as a Service Platform

Read More

Today

Paymentology and Tuily launch Apple Pay for Colombian SMEs

Read More

Today

Nium fuels European expansion with new regional HQ in London

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023