Here at emerchantpay, risk management and fraud aversion are of paramount importance. Offering a secure payment ecosystem for our merchants and partners is at the top of mind for every product we design. To address the rising online payment fraud, we partnered with the ai Corporation (ai) to enhance emerchantpay’s fraud prevention capabilities for our card issuing programme.
The partnership covers a number of key areas in fraud management including:
- Processing high-dimensional datasets from diverse sources and identify patterns across multiple dimensions with AI
- Increased precision leads to reduced false positive alerts and false declines
- Ongoing data enrichment for new feature engineering
- Optimised machine learning with bespoke fraud strategy tools for fraud detection
Our CEO Jonas Reynisson, commented: "It is the responsibility of the entire payments industry to tackle fraud and protect businesses and consumers alike. We selected The ai Corporation to provide our card issuing programme with an advanced risk engine tool, as they offer a best-in-class cutting edge service, powered by machine learning technology and designed to combat card fraud in a sophisticated manner”.
Dr Mark Goldspink, CEO of ai, says: "We are delighted emerchantpay has selected to adopt our aiFraud Managed Service, and we look forward to working together to enhance their fraud prevention capabilities. This partnership ensures emerchantpay gains access to our latest automated technology (aiAutoPilot ML) and our industry-leading fraud experts to optimise the ai's world-leading human and machine capabilities".
The aiFraud Managed Service, which is powered by ai's new automated machine learning, harnesses the power of the latest machine learning technologies and our world-leading fraud prevention expertise. This end-to-end service currently operates in over 50 countries worldwide and monitors more than 500 million card transactions a year.
emerchantpay’s vision is to lead the charge of payment innovation. We’re on a mission to create a global payment ecosystem that connects businesses and consumers everywhere through our seamless payment solutions in-store, in-app and online. Since 2001, we’re constantly expanding our offering to ensure that the needs of our global customers are always taken care of.
Want to find out how we can help you secure-proof your organisation’s payment infrastructure? Get in touch with our payment specialists today.