Worldpay launches RiskGuardian risk management tool

Wednesday 15 October 2014 13:12 CET | News

Worldpay, a global payment processing, risk and alternative payments provider, has launched a new risk management tool dubbed RiskGuardian.

The tool, which was developed in partnership with ecommerce merchants across the globe, offers risk checks to increase the acceptance of transactions and minimise fraudulent ones. It runs more than 200 checks per second on each transaction and identifies emerging fraud patterns, meaning it can cut fraud losses by more than 50%.

According to Kevin Dallas, the CPO of Worldpay, global ecommerce sales are set to hit USD 1.5 trillion in 2014 and non-card payments are expected to form the majority of online transactions by 2017, a thing which presents challenges such as online fraud, while 1 in 3 consumers have fallen victim and every fraudulent dollar costs merchants USD 3.08.

WorldPay supports international ecommerce expansion strategies by offering global acquiring licenses and a portfolio of over 200 payment types. The company offers a range of services including acquiring, gateway, alternative payments, risk management, and mobile payments.

For more information about Worldpay, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: WorldPay, RiskGuardian, risk management tool, RiskGuardian, ecommerce merchants, online security
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events