Worldpay® has announced a new partnership with Capital One aimed at enhancing payment security and fraud decisioning through an advanced data-sharing integration. This collaboration enables U.S.-based merchants enrolled in Worldpay’s fraud detection solution, FraudSight™, to benefit from improved fraud controls and reduced false positive declines when processing payments made with Capital One-issued cards.
Worldpay’s direct connection with Capital One’s fraud risk decisioning engine allows for real-time data sharing on transactions made with Capital One cards. This integration is projected to reduce false positive declines by up to 40%, based on Capital One’s internal results from its Direct Data Share program. This collaboration not only improves fraud detection accuracy but also minimizes the risk of legitimate transactions being declined, enhancing authorization rates and reducing merchant losses from false declines.
“By enhancing our data and information sharing with Worldpay, we’re not just cutting fraud, we’re setting a new standard for seamless and secure transactions,” said Jon Borman, Head of Fraud Strategy at Capital One. “This collaboration provides merchants using FraudSight with an added layer of security and optimizes authorization rates, all while protecting merchants, issuers, and consumers from fraud-related risks and losses.”
Cindy Turner, Chief Product Officer at Worldpay, emphasized the importance of this collaboration: “With online payments fraud reaching $48 billion worldwide last year, the need for accurate fraud detection is paramount. By partnering with issuers like Capital One, we’re able to better protect our merchants, reducing both fraud losses and the number of false declines.”
This collaboration is now available to U.S.-based merchants utilizing Worldpay’s payments services and the FraudSight solution when accepting Capital One-issued card payments, providing a new level of fraud prevention and transaction efficiency.
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