Global Payments Leader Worldpay to Integrate Ravelin’s AI-Native Fraud Solutions
Highlights:
- Strategic Acquisition: Worldpay to acquire Ravelin, an AI-native fraud prevention platform.
- Enhanced Fraud Solutions: Integration of Ravelin’s advanced fraud prediction and prevention solutions.
- E-commerce Growth: Aim to accelerate e-commerce growth by equipping merchants with next-generation AI-powered fraud prevention products.
Summarized Story: Worldpay, a global leader in payments technology, has announced its definitive agreement to acquire Ravelin, an AI-native fraud prevention platform. This acquisition aims to enhance Worldpay’s portfolio of value-added solutions by integrating Ravelin’s advanced fraud prediction and prevention capabilities.
Since its inception in 2015, Ravelin has established itself as a market leader in detecting various types of fraud, including payment fraud, account takeovers, and marketplace fraud. The integration of Ravelin’s cloud-based AI platform is expected to improve authorization rates and help merchants grow faster while protecting their businesses from rising fraud-related costs.
