SAN FRANCISCO and AMSTERDAM, the Netherlands, April 04, 2018 (GLOBE NEWSWIRE) -- Acapture, a global, data-driven omnichannel PSP, and Sift Science, a machine learning company that protects businesses from fraud and abuse, today announced a strategic partnership to help online merchants manage risk, maximize revenue, and offer premier shopping experiences.
As part of the agreement, Sift Science will provide fraud management technology to support Acapture’s rapidly growing customer base. In Acapture, Sift receives a partner with global payments expertise and a portfolio of merchant customers in the EU that will have access to fraud prevention products powered by Sift Science.
Acapture’s in-house global acquiring solutions offer access to payment data and insights into the payments journey of the end consumer. This data paired with Sift’s global network and Live Machine LearningTM technology create a more comprehensive solution to protect merchants facing the ever-evolving fraud landscape.
“Acapture’s data and our machine learning models will drive business growth by reducing fraud, false positives, and operational costs,” said Jason Tan, Sift Science CEO. “Combining our proven technology platforms, merchants automatically know who’s trustworthy and risky. They no longer need to make a tradeoff between protecting and growing their businesses.”
“We’re delighted to have Sift Science as our trusted partner for our long-term mission to help merchants to fight fraud and deliver a better consumer experience,” said Rudolf Booker, Acapture CEO. “It’s a top challenge for them so it’s a top priority for us! By working together, we are confident that the practical expertise in fraud management and machine learning of Sift Science combined with the complete insight into the entire transaction flow enabled by Acapture positions us as merchants’ first choice for fraud management.”
“Powered by Sift” and Live Machine Learning
As the foundational technology powering the Sift Science Digital Trust Platform, Live Machine Learning enables Acapture customers to automatically adjust each user’s journey by predicting their intent in real time. The highly dynamic and scalable platform updates its machine learning models every time an action is taken by anyone, anywhere across the Sift Science global digital trust network of 6,000+ websites and mobile apps. This combination of technologies will allow for automated and continuous risk assessment and create long-term competitive differentiation for Acapture customers.
More than 70 percent of online businesses are concerned about false positives, also known as customer insult (source: Sift Science). Legacy rules-based fraud prevention tools are overly rigid, leading merchants to introduce unnecessary friction and block legitimate customers. With consumers wielding a powerful voice via social media, these interactions pose a greater risk of serious brand damage.
“Today's consumers expect buying to be quick and seamless, wherever and however they're shopping,” continued Tan. “Now Acapture can offer customers a one-click checkout experience, and dynamically add or remove authentication steps based on a user's risk.”
CONTACT:
Alina Geosanu | Corporate Communications Coordinator
alina@payvision.com
Kristina Richmann | PAN Communications (for Sift Science)
krichmann@pancomm.com
About Acapture
Launched in 2015, Acapture is a new, modern, international payment service provider focused on maximizing the revenues of merchants around the globe. Acapture is affiliated to Payvision, one of the world’s fastest-growing global card acquiring networks. Licensed as a payment institution by the Dutch Central Bank, Acapture combines with Payvision to help merchants grow their business globally. This is done through a complete data-driven omnichannel payment solution, capable of managing a payment at every stage, from checkout to fund collection to settlement.
Acapture’s system features SlicePay for simplified allocation of funds to multiple parties from a single transaction, data science management for improved authorization rates, the best of human and machine intelligence platform for fraud detection and conversion optimization a one-day integration using one RESTful API, flexible, consolidated reporting, a streamlined reconciliation process, global card acquiring and the ability to handle 80+ of the most popular alternative payment methods and 150+ transaction currencies.
Together with Payvision, Acapture, was awarded Best PSP at the 2017 MPE Awards in Berlin.
About Sift Science
Sift Science is a machine learning company that fuels business growth by protecting businesses and their customers from all vectors of fraud and abuse. Global brands such as Twitter, Airbnb, Yelp!, Shutterstock, Jet.com, Indeed and Wayfair rely on the Sift Science Digital Trust Platform for access to a global network of fraud data, 16,000+ fraud signals, and our unique ability to detect and prevent fraud in real time. We designed our platform with security industry best practices in mind. We are regularly assessed against SOC 2 and global privacy frameworks, including the General Data Protection Regulation (GDPR). To learn more, visit siftscience.com.