Source: CellPoint Digital
CellPoint Digital, the global leader in payment orchestration, today announces it has teamed up with Cybersource, a Visa solution and a recognized worldwide leader in payments management, to provide merchants with a holistic solution for fraud management capable of aggregating transaction data across multiple acquirers.
With a seamless integration into their platform, CellPoint Digital now offers merchants best-in-class fraud management through Cybersource Decision Manager, one of the world’s largest fraud detection radars—which uses machine learning to support merchants by automatically classifying transactions as good, bad, or suspicious. With its advanced fraud capabilities and insights from 141 billion+ VisaNet transactions, Decision Manager helps merchants increase their acceptance rates, lower their review rates and boost their bottom line.
The partnership is the latest in CellPoint Digital’s commitment to offering easy-to-implement solutions that help merchants with multi-acquirer relationships solve operational and technological challenges and simplify back-office complexities.
“As a pioneer in payment orchestration, we have long been a proponent of merchants adopting multi-acquirer strategies and have seen the dramatic profit boosts they can drive with our platform,” said CellPoint Digital CEO Kristian Gjerding.
“As part of our ongoing commitment to helping merchants simplify back-office complexities, we are proud to team up with Cybersource because their best-in-class Decision Manager fraud management tool simplifies and aggregates data to provide merchants with a critically important unified view,” he continued. “Decision Manager is a perfect fit in our product portfolio as we strive to offer end-to-end solutions that empower merchants to have greater control of their payments ecosystem, turning payments into a strategic business advantage.”
Denise Burkett-Stus, Head of Cybersource Europe, commented: “We’re excited to team up with CellPoint Digital to provide customers with a world-class fraud and risk solution. Decision Manager enhances their orchestration platform to simplify the complexities of fraud management across multiple acquirers—helping automate detection, and reduce the operational costs associated with fighting fraud.”
The announcement comes as merchants everywhere are faced with rising levels of fraud. According to Cybersource’s annual fraud report, globally, fraud costs and KPIs all increased (or worsened) for a second consecutive year, yet most merchants did not increase the share of revenue they spend to manage fraud and 9-in-10 merchants have experienced at least one fraud management challenge this year.
