Question: I need a payment processing solution that reduces fraud and enables faster payments, can you suggest one?

ACI Worldwide offers a payments platform that spans a broad range of payment needs, including fraud prevention powered by responsible AI. The platform is designed to help businesses optimize payment processing, lower operational costs and improve customer satisfaction. It handles more than 25 billion cloud transactions and 225 billion consumer transactions each year, making it a good option for banks, merchants and billers.

Wibmo offers online payment technology that's geared in particular to fraud prevention and authentication. It handles more than 3 billion transactions per year and is used by 160+ banks and fintechs in 30 countries. Wibmo's suite includes ML-based fraud detection, multi-factor payment authentication and other sophisticated security features, making it a good option for financial services companies trying to speed up their go-to-market plans.

Forter is another option worth considering, especially if you want a platform that can make decisions in real time for every customer interaction. Forter's Identity Intelligence platform helps businesses stop fake accounts, payment fraud and policy abuse. With tools like Chargeback Recovery and Abuse Prevention, Forter has shown a significant reduction in chargeback rates and false declines, resulting in a safer and more efficient payment processing environment.