Worldpay Acquires Ravelin to Boost AI Fraud Prevention
Hey Payments Fanatic!
Worldpay is making a major move in AI-driven fraud prevention with its acquisition of Ravelin, a London-based fraud prevention platform. This deal enhances Worldpay’s portfolio, equipping merchants with cutting-edge AI tools to combat fraud and drive e-commerce growth.
Charles Drucker, CEO of Worldpay, emphasized the importance of innovation: “Equipping merchants with next-generation AI-powered fraud prevention products is vital, and we believe Ravelin’s technology and expertise will significantly enhance Worldpay’s overall value proposition.”
Martin Sweeney, CEO of Ravelin, shared his excitement: “Worldpay’s scale and reach will be an immense asset as we accelerate Ravelin’s momentum and advance our mission to eradicate fraud from the internet.”
The partnership aims to revolutionize fraud detection at scale, helping merchants stay ahead of increasingly sophisticated threats.
If you’re interested in reading more about what’s been happening in Payments, keep scrolling!
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GOLDEN NUGGET
𝐓𝐨𝐩 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 by Capgemini (Part 2) — POS Innovations & Cross Border Payments
Let the series continue (2/5)! Deep dive into the latest changes for in-store and the complex Cross-Border ecosystem!
3: 𝐏𝐎𝐒 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬
𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧 & 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝:
Point-of-sale (POS) innovations are driving the future of payments, with a focus on the rise of contactless payments, mobile wallets, and biometric authentication at POS terminals.
𝐊𝐞𝐲 𝐈𝐦𝐩𝐚𝐜𝐭𝐬:
► Retailers — Reduced transaction times, lower hardware costs, and a better in-store experience.
► Consumers — Faster, more secure, and convenient payments.
► Financial Institutions — Increased transaction volumes and data insights for personalized offerings.
𝐊𝐞𝐲 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐨𝐫𝐬:
► Contactless Payments
► Mobile POS Solutions
► Biometric Authentication
► Cloud-based POS
𝐔𝐬𝐞 𝐂𝐚𝐬𝐞𝐬:
► Businesses — Fast, secure checkouts and enhanced customer loyalty programs.
► Consumers — Seamless and quick payments for everyday purchases.
► Retailers — Enhanced inventory and sales tracking through POS systems integrated with back-office systems.
𝐄𝐱𝐚𝐦𝐩𝐥𝐞𝐬:
🔸 Square: Enabling small businesses with mobile POS solutions and integrated payment tools.
🔸 Stripe: Offering POS innovations for e-commerce and in-store payments through integrated solutions.
4: Cross Border Payments
𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧 & 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝:
Cross-border payments innovation focuses on reducing transaction costs, improving speed, and ensuring security while dealing with multiple currencies and regulations.
𝐊𝐞𝐲 𝐈𝐦𝐩𝐚𝐜𝐭𝐬:
► Banks & FinTechs — New revenue streams through cross-border transaction services.
► Businesses — Enhanced global reach, real-time payments, and reduced foreign exchange fees.
► Consumers — More affordable and faster international money transfers.
𝐊𝐞𝐲 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐨𝐫𝐬:
► Blockchain Technology (incredible cross-border network)
► Payment Platforms: PayPal, Wise, Payoneer and Revolut are making cross-border payments cheaper & faster.
► Instant Cross-Border Payments
► Regulatory Harmonization
𝐔𝐬𝐞 𝐂𝐚𝐬𝐞𝐬:
► Businesses — Global trade, international supplier payments, and faster receivables.
► Consumers — Remittances, cross-border e-commerce, and travel-related payments.
► Financial Institutions — Partnerships with payment hubs and cross-border clearinghouses.
𝐄𝐱𝐚𝐦𝐩𝐥𝐞𝐬:
🔸 Wise: Offering transparent, low-cost international payments for both businesses and consumers.
🔸 Ripple: Leveraging blockchain to streamline cross-border payments with lower fees and faster settlement times.
🚨 This #2 out of a series of 5 posts — next up 🚨
5️⃣ — Composable cloud-based Payments Hubs
6️⃣ — Multi-rail Payment Strategy
Get ready, it is just the beginning!
Source: Capgemini
I highly recommend following my partner at Connecting the dots in payments... Arthur Bedel 💳 ♻️ for more great content like this one👌
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