Wirecard, a Germany-based digital payment solutions provider, has started offering payment guarantee for credit card payments.
In order to ensure payment guarantee for credit card payments, Wirecard leverages a risk management solution based on machine learning and artificial intelligence (AI) known as Fraud Prevention Suite (FPS).
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Aimed at small and medium-sized online merchants, the new solution will initially be available for new merchants using Wirecard’s proprietary SUPR platform in Germany and will soon be introduced across Europe.
SUPR helps merchants to quickly and easily start into the online business. Once shop operators register on the platform, they can integrate the payment guarantee solution as an additional, optional payment package.
In future, the solution will also be integrated within the company’s Checkout Portal, which provides companies access to a range of product centred on e-payment transactions and value added services.
Wirecard executive vice president of sales consumer goods Christian Reindl said: “Offering our merchants this exceptional level of value added services is an important step for us. Merchants want a single portal for all questions regarding transactions and value added services.
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By GlobalData“The Checkout Portal is already the most comprehensive product of its kind on the market, and with the integration of the payment guarantee, we are further extending our market leadership, all the while maintaining our original, unchanging objective of allowing merchants to concentrate on their core business with payment processes running smoothly in the background.”
