Businesses are caught in the middle of an overly complex payments landscape, heightened consumer expectations, and rapidly shrinking margins. And in a payments ecosystem that is as complex and everchanging as it is opaque, understanding the nuances behind the infinite number of payments variables at play - let alone putting those variables in context - is a tremendous challenge.
With our vision to reshape the payments industry, our mission is to equip businesses with industry expertise, data-driven technology, and unrivaled visibility into industry data to achieve best-in-market results through more legitimate transactions, with less fraud, all at a marketing leading cost for the solutions provided.
The threat of fraud is hard to forecast and even harder to address. With more payment methods in customers’ wallets, increasing digital volumes, and demand for speedier checkouts, tackling fraud requires a balance between boosting approval rates, minimizing fraud losses, and avoiding false declines.
In March 2022, following multiple delays, the UK joined its European neighbours in implementing the latest regulation intended to make ecommerce more secure. But SCA was more than many merchants bargained for, with initial estimates from Barclays suggesting that UK retailers lost £130 million in sales in the first month alone.
In today’s competitive retail environment, businesses and their CEOs need to do everything they can to get ahead of their peers. The crucial final hurdle of any sale – the checkout – is fast becoming one of their biggest battlegrounds in the fight to gain and retain customers. But just as the checkout is becoming a crucial differentiator, it’s starting to disappear, leading even the largest merchants to fall short of maximising their revenues.