Cybertonica a fraud prevention and payment risk management company that uses machine learning and artificial intelligence to manage fraud, reduce basket drop-off and increase conversion for all channels of e-payments and transaction platforms, has announced a brand-new partnership with Secure Trading Group’s merchant acquirer.
New payment solutions will be bolstered by Cybertonica’s GoFrictionless product, a multi-factor cloud-based artificial intelligence and machine learning system that will empower clients to increase the share of accepted transactions at no additional risk, meanwhile reducing the cost of fraud and lowering chargeback rates.
“Cybertonica has delivered GDPR and PSD2 compliant, strong authentication technology that we are now bringing to the future of money and omni-channel payments,” said Joshua Bower-Saul, CEO and Co-Founder of Cybertonica. “Our new partnership with acquiring.com will help to strengthen the acquiring services they offer across multiple verticals and clients by arming them against sophisticated fraudsters with our innovative GoFrictionless product operating in a seamless way with their fraud team.”
“Our fundamental mission here at Secure Trading is to be the driving force behind merchants’ commercial activity by powering their payments; Cybertonica’s AI-enabled tech will help facilitate this,” Daniel Holden, CEO of Secure Trading Group added. “We are looking forward to working with Cybertonica closely in the future to build bespoke products across different industry verticals including gaming, crypto and InsurTech.”
Cybertonica’s cloud-based platform also improves transactional data security and respects both the GDPR and PSD2 requirements for tomorrow’s payment world. It provides accurate authentication in less than a second, reducing declines of a traditional rule-based system while providing insights to customer behaviour and risk that increase conversion and provide updates and alerts through the customised dashboard. The Cybertonica team brings nearly 50 years combined fraud management experience so that the system is designed to improve fraud and operations management every day.