Acapture, Sift Science team up to fight ecommerce fraud

KUALA LUMPUR: Acapture BV, a global omnichannel payment processor has partnered with Sift Science to form a powerhouse for fighting ecommerce fraud and helping merchants maximise their revenue.

Acapture’s in-house global acquiring solutions offer access to payment data and insights into the payments journey of the end consumer.

This data paired up with Sift Science’s cutting- edge machine learning models make the ultimate fraud management solution to protect merchants in the fast- paced fraud landscape, a statement said.

Sift Science is a machine learning company that protects businesses from fraud and abuse.

Acapture said the partnership aims to reduce the number of genuine customers being blocked and optimise conversions using customised, data enriched machine learning models.

“Enabling merchants to achieve higher conversion and authorisation rates in real-time by reducing fraud, false positives and operational costs.

“The partnership creates a single platform capable of managing every type of ecommerce fraud facilitated by Sift Science,” the statement added.

“By working together, we are confident that the practical expertise in fraud management and machine learning of Sift Science combined with the complete insight into the entire transaction flow enabled by Acapture positions us as merchants’ first choice for fraud management,” said Acapture’s chief executive officer, Rudolf Booker.

Chief executive officer of Sift Science, Jason Tan said combining their proven technology platforms, merchants automatically know who is trustworthy and risky. Merchants no longer need to make a tradeoff between protecting and growing their business.

Launched in 2015, Acapture is a new, modern, international payment service provider focused on maximising the revenues of merchants worldwide. The company is affiliated to Payvision, one of the world’s fastest- growing global card acquiring networks. — Bernama