Worldpay and Capital One Boost Payment Fraud Detection with New Data Sharing Integration
Slice of Finance Team
10/30/2024
Key Highlights:
- Enhanced fraud detection for U.S.-based merchants using Worldpay’s FraudSight™ with Capital One card transactions.
- 40% reduction in false positive declines expected, improving transaction authorization rates.
- Direct Data Share integration enables real-time data sharing, boosting fraud detection precision.
Source: Business Wire
Quotes
“ "Innovation and ingenuity define our work with Worldpay, which is bringing a new level of security to every single payment made with a Capital One card for merchants using FraudSight." ”
Jon Borman, Head of Fraud Strategy at Capital One
Our Take:
This collaboration between Worldpay and Capital One reflects a proactive approach to mitigating the dual challenges of fraud prevention and authorization rates impacted by false positives. With e-commerce fraud on the rise, this integration of Capital One’s Direct Data Share into Worldpay’s FraudSight solution sets a new benchmark in fraud mitigation. The data sharing capability promises to yield significant improvements in transaction authorization rates, likely boosting both merchant revenue and consumer trust. By aligning innovative fraud prevention strategies with merchant needs, Worldpay and Capital One are positioning themselves as leaders in payment security innovation.
