PAY.ON, a provider of omnichannel, web-based payment infrastructure systems, and arvato infoscore, a provider of integrated financial services, have announced a jointly developed active payment method management with dedicated risk protection during the checkout process.
Any size retailers can automatically incorporate payment methods that comply with country-specific requirements. The checkout solution includes direct access to international payment methods. This ensures that only risk-adequate payment methods are shown to different predefined customer risk groups. A customer rating continuously reduces the risk of payment defaults to a minimum for PSPs and merchants. These two payment parameters balance one another perfectly and joint together will contribute to an increase in conversion rates.
Markus Rinderer, CEO of PAY.ON AG, says: “This joint venture solution allows PSPs and merchants to benefit from cutting-edge payment technology and therefore improves their position in both the national and international competitive fields in terms of conversion rates and risk protection. To this end, PAY.ON turns complex technology and requirements into simple solutions comprising all the aspects of modern-day omnichannel payments and risk management – including simple implementation, intuitive operation and instant connectivity to more than 300 payment service providers all over the world.”
Kai Kalchthaler, head of risk management at arvato infoscore, adds: “This omnichannel strategy allows retailers to professionally handle their risk management, fraud prevention, sophisticated decision logic, payment method management, limit management and payment processing using just one user interface. The retailer can comprehensively rate customers thanks to the right mix of relevant and exclusive data sources from arvato infoscore, combined with historical customer information (order, payment and dunning history).”
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