IXOPAY partners with Forter
Vienna/New York, March 2023: Leading Payment Orchestration Platform provider IXOPAY today announced a new partnership with Forter, the Trust Platform for digital commerce, to deliver accurate, real-time decisions about customer trustworthiness. The instant, automated fraud decisioning from Forter will help IXOPAY merchants drive revenue growth, improve the customer experience and deliver a clear business impact.
As fraudsters become increasingly more sophisticated, distinguishing genuine customers from bad actors has become a challenge for merchants everywhere. Unfortunately, in an effort to curb fraud, many merchants are falsely declining legitimate transactions. Estimates indicate that for every dollar lost to fraud, the average business loses thirty dollars from false declines.
“When you solve for fraud intelligently, you’re actually pulling a powerful growth lever. Our new partnership with IXOPAY will not only help merchants block fraud, but they’ll also have the insights needed to deliver superior customer experience and maximize customer lifetime value.”
The Forter-IXOPAY partnership addresses this challenge by making targeted decisions about customer trustworthiness at critical interactions, simultaneously blocking fraud while maximizing genuine customer experience and lifetime value. Forter’s solution integrates directly into IXOPAY’s payment orchestration platform via a central application programming interface (API), bringing merchants the power of Forter's massive network of online retailers quickly, efficiently and without additional implementation effort.
The IXOPAY platform provides complete management of the payments transaction lifecycle. The independent Software as a Service (SaaS) solution monitors transactions in real-time, consolidates data in one place, and enhances the checkout experience with connections to local, international, and alternative payment methods (APMs), as well as risk checks to improve conversion rates and lower fraud.
“With Forter, we have gained a strong, global partner for our customers. Currently, more than 10,000 businesses worldwide rely on Forter’s platform. The ongoing development of both solutions provides our customers with the assurance that they can rely on the highest quality, contain threats in the long term and ensure stable customer relationships. We look forward to continuing to work with Forter to develop world-class services and further expand our relationship.”
About IXOPAY
IXOPAY is a payments orchestration platform enabling independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “fintech enabler”, IXOPAY fulfills the needs of large merchants as well as those of “white label” clients: payment service providers (PSPs), acquirers and independent sales organizations (ISOs). The modern, easily extendable architecture offers smart transaction routing & cascading, state-of-the-art risk & fraud management, fully automated reconciliation and settlements processing, comprehensive reporting as well as plugin-based integration of acquirers, payment service providers and alternative payment methods (APMs).
IXOPAY is part of the IXOLIT Group, founded in Vienna, Austria in 2001. With local entities in Austria and the USA, IXOLIT supports national and international customers across various industry verticals. The owner-led and -financed company has grown from 2 to more than 65 employees and is focused on building innovative solutions for eCommerce.
Please find more information about IXOPAY here: https://www.ixopay.com
About Forter
Forter is the Trust Platform for digital commerce. We make accurate, instant assessments of trustworthiness across every step of the buying journey. Our ability to isolate fraud and protect consumers is why Nordstrom, Instacart, Adobe, Priceline and leaders across industries have trusted us to process more than $500 billion in transactions. Our deep understanding of identity and use of automation helps businesses prevent fraud, maximize revenue and deliver superior experiences for their consumers. Learn more at www.forter.com.