By connecting to Cybersource, one of the products that are included in the Visa Acceptance Solutions, customers and clients of Cashflows will be enabled to access a new community of partners and an ecosystem of services. This will give Cashflows the possibility to scale faster and deliver an improved overall user experience, while also increasing reach.
The connection will streamline Instant Payouts as well, which aims to optimise the manner in which clients control cash flow while reducing the manual procedures for disbursements at the same time. The partnership is set to increase the merchant authorisation rates of Cashflows, while also looking for new ways to meet the needs, preferences, and demands of the company’s collaborator and trader community. Moreover, it is set to recognise the importance of lost revenue that comes from card declines, updating automatically the customer credentials while also refreshing across channels in order to protect the card on file and recurring transactions.
All of the tokenised payments and Instant Payouts will be sent directly into Cashflows’ Gateway, the company’s platform that was designed to offer merchants access to all of their transactions data and tools within a single interface. The collaboration with Visa will optimise Cashflows’ Gateway by offering merchants and businesses the chance to scheme unified payout and token experiences that are set to facilitate UK and European business expansion capabilities.
The rollout of Cybersource’s products is set to commerce over the following weeks, providing Cashflows clients with access to efficient and secure tools for their payment needs.
American multinational payment card solutions firm Visa announced multiple partnerships and launches in the last couple of months, covering several geographic areas around the world.
In September 2023, Visa released its Fall 2023 edition of the Biannual Threads Report, which focused on highlighting the emerging fraud schemes that targeted the global economy. The research revealed that there was a significant rise in phishing schemes that were proliferated through generative AI tools, as well as a marked increase in enumeration and ransomware. The report also showed the process of law enforcement that Visa was taking around the globe in order to detect fraudsters.
Earlier in the same month, the branded payments provider Blackhawk Network (BHN) announced its collaboration with Visa in order to launch its global environmental sustainability initiative. According to the press release published at the time, Visa open-loop prepaid cards supplied by BHN to third-party retail networks were set to be transitioned from plastic to sustainable paper-based materials.
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