Accertify and Signifyd, two providers of eCommerce fraud solutions for merchants, announced Thursday (Oct. 27) an agreement under which Accertify will integrate Signifyd’s service into its fraud management platform for enhanced fraud screening.
In a press release, the companies said Accertify merchants who use the service will qualify for Signifyd’s fraud-free guarantee, under which Signifyd will pay for any fraud-related chargeback costs stemming from a transaction that was approved by Signifyd.
“Accertify is focused on helping merchants lower their online fraud costs by stopping bad transactions and allowing more good transactions to go through,” said Lorenzo Soriano, president of Accertify, in the press release. “As the fraud landscape continues to evolve, Accertify is adding more capabilities to meet the needs of our clients. Our relationship with Signifyd will enable merchants to continue to benefit from the breadth of Accertify’s Interceptas Platform, while taking advantage of the financial protection Signifyd offers to its clients.”
Under the agreement, Accertify will integrate Signifyd’s service into the Interceptas Platform. This allows Accertify merchants to send select transactions to Signifyd for fraud guarantee protection without needing to do additional technical integration. Merchants will be able to automatically send transactions deemed higher risk to Signifyd for additional screening. This can help merchants better manage increased transaction volume during busy shopping seasons and potentially generate additional sales by allowing them to approve more transactions.
“Signifyd focuses on helping merchants scale their revenues without the fear of fraud,” said Raj Ramanand, CEO and cofounder of Signifyd, also in the press release. “Our proprietary machine-learning technology allows us to approve more orders for merchants, while offering a financial guarantee.”