Digital payments is a highly attractive growth sector, but businesses face a balancing act between a fast customer experience and the need to protect themselves from the EUR1.87bn of fraudulent transactions seen in recent years – 80% of which related to Card Not Present fraud.
The integration of the LexisNexis® Digital Identity Network® with Outseer’s comprehensive risk-based ACS payment platform provides issuing banks with the ability to improve risk decisions in both their remote purchase (Card Not Present) and online banking channels by leveraging the respective industry-leading solutions and combined intelligence.