Fraud prevention and payment risk management company Cybertonica has formed a partnership with acquiring.com.
Acquiring.com, which is a Malta-based acquiring bank, will bolster its payment solutions through the Cybertonica GoFrictionless solution. The service is a cloud-based AI and machine learning system which will let acquiring.com’s clients boost the share of accepted transactions at no additional risk, while lowering fraud costs and chargebacks.
Through the partnership, Cybertonica is hoping to boost the fraud protection of acquiring services offered by acquired.com, across its multiple verticals.
Cybertonica uses AI and machine learning technology to tackle fraud, lower basket drop-off and increase conversion for e-payment and transaction platforms. Its cloud-based platform improves transaction data security and bolsters GDPR and PSD2 compliance.
The company provides a business impact dashboard, which is a tailored risk-based authentication hub that lets users analyse events across all channels.
acquiring.com managing director Ryan Cachia said, “Cybertonica’s risk management and fraud prevention suite of products enhance the way that we protect our international client-base by reducing chargebacks and identifying more potential threats before they can materialise.
“Cybertonica are an exciting company whose continuing innovation will propel acquiring.com towards even greater standards of protection for our customers. This combined solution once again solidifies acquiring.com in its growing leadership position in the EMEA acquiring market.”
Earlier in the year, Cybertonica won a €100,000 venture capital award from MiddleGame Ventures after being voted ‘most ready for investment’ from a group of peers at FinTech Europe 2018.
Copyright © 2018 RegTech Analyst
