SAN JOSE, Calif.--(BUSINESS WIRE)--Signifyd is launching a new era of payment protection today by integrating its Commerce Protection Platform with Payment Services for Adobe Commerce. In doing so, Signifyd becomes an integrated fraud protection provider for Payment Services for Adobe Commerce.
The expansion of this partnership builds a broader, more robust network that provides the deeper insight into transaction intelligence needed to protect merchants from fraudulent orders and attacks. Siloed data has long been a hurdle for the multitude of payments players looking to have full visibility into the identity and intent behind online transactions. Merchants no longer have to face the unenviable choice of adding friction and barriers to checkout or leaving themselves vulnerable to costly fraud attacks.
Signifyd’s integration with Payment Services for Adobe Commerce is the latest acknowledgment that successful ecommerce leaders are embracing visionary innovation to optimize the payment layer from the beginning to the end of the digital buying journey.
The technical integration has opened a vast new data network which empowers Signifyd’s AI-powered decision model to provide optimum performance for Adobe Commerce merchants. The system’s precision allows Signifyd to offer a financial guarantee covering all chargebacks on approved orders, whether disputes arise from traditional payment fraud or from consumer complaints, including that a package never arrived or that an order was never placed.
“Adobe Commerce is known for providing merchants with the solutions they need to offer their customers best-in-class online experiences,” said Will Wyatt, Signifyd vice president, global partnerships & channel sales. “As a fraud-protection provider, Signifyd extends those best-in-class experiences to checkout and the payment process, lifting conversion for merchants while increasing their revenue and maximizing customer lifetime value.”
“A key tenet of Payment Services for Adobe Commerce is to provide the highest level of transaction intelligence, reporting and security to our clients,” said Jason Knell, Adobe’s senior director, commerce services GTM & content partnerships. “As a leader in merchant transaction protection, Signifyd’s expansive network and ability to provide the highest level in payment decision accuracy made them a top choice for our payment protection offerings.”
Payment Services for Adobe Commerce merchants will now benefit from Signifyd’s insight into more than 600 million digital wallets1. That massive network means that when a shopper transacts on Signifyd’s Commerce Network, the fraud protection provider recognizes elements of the transaction 98% of the time. A Signifyd analysis found that those insights helped its top 600 customers realize a 5% to 9% increase in approved orders.
Signifyd provides an end-to-end Commerce Protection Platform that leverages its Commerce Network to maximize conversion, automate customer experience and eliminate fraud and consumer abuse risk for retailers. Its solutions provide the transparency and control that brands need to succeed in the rapidly changing world of commerce. Signifyd customers include a number of companies on the Fortune 1000 and Digital Commerce 360 Top 1000 lists. The company is headquartered in San Jose, Calif., with locations in Denver, New York, Mexico City, São Paulo, Belfast and London.
1 A digital wallet is a distinct combination of signals present in an online transaction.