Online fraud increased significantly during the recent pandemic and economic downturn, with losses of an estimated $12 billion worldwide.1 To ensure continuous protection, organizations need modern solutions to protect from a range of fraud—from payment fraud, bots, account takeover, and returns and discounts fraud.
We are partnering with Worldline, the European leader in the payments and transactional services industry, to help protect thousands of global organizations and their customers from a wide scope of fraud. Worldline will integrate our award-winning Microsoft Dynamics 365 Fraud Protection services into their leading digital payments suite to provide their users additional security and trust by future-proofing their businesses.
Helping to protect world-class digital payments for a trusted world
With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks, and third-party acquirers as well as public transport operators, government agencies, and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted, and secure solutions across the payment value chain, fostering their business growth wherever they are.
Now, Worldline’s customers will benefit from Microsoft’s award-winning fraud prevention technology. Purchase protection can help protect revenue by improving the transaction acceptance rate reduce checkout friction. Account protection can help protect a business’s reputation and safeguard user accounts from abuse and fraud by combating fake account creation, account takeover, and fraudulent account access. Finally, loss prevention helps protect revenue by identifying anomalies and potential fraud on returns and discounts and provides the tools to quickly take action to mitigate losses.
How it works: scalable fraud protection across millions of transactions
Screening every transaction for traceable ‘fingerprints’ on fraudulent transactions would be impossible without technology such as the award-winning adaptive AI that powers Dynamics 365 Fraud Protection. Worldline customers can start with a mixture of pre-set fraud controls and adaptive AI that can learn to better identify fraud both on a client’s own site and as part of a globe-spanning fraud protection network. Customers will be able to see Dynamics 365 Fraud Protection working right away thanks to an intuitive user interface and real-time analytics.
Users can also customize their rules and controls to find the perfect balance of preventing fraud and reducing customer friction. Users will be able to curate their fraud prevention to meet their unique business needs with the help of a comprehensive dashboard that analyses false positives, optimizes rules to increase acceptance, and a virtual fraud analyst interface.
By leveraging the world-class digital payment and transactional services of Worldline and leading AI-powered fraud protection capabilities from Dynamics 365, customers can protect against the impact of fraud, which can range from severe disruptions to society to minor inconveniences; from widespread cyber-attacks across payment systems to day-to-day false-positive transaction alerts that can both be annoying to customers and harmful to businesses.
Our mission at Microsoft is to empower every person and every organization on the planet to achieve more. We are honored to be a part of Worldline’s leading payment solutions and to empower them to achieve their vision to “design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. We make them environmentally friendly, widely accessible and support social transformation.” Read the full Worldline story.
To learn more about Dynamics 365 Fraud Protection and our capabilities including how purchase protection helps protect your revenue by improving the acceptance rate of e-commerce transactions, how account protection helps protect your reputation by defending against bot attacks, fake account creation, account takeover, and fraudulent account access, and how loss prevention helps protect revenue by identifying anomalies on returns and discounts. For more advanced and technical details, check out our Dynamics 365 Fraud Protection documentation.
Don’t forget to read our free e-book “Protecting Customers, Revenue, and Reputation from Online Fraud” for a more in-depth look at Dynamics 365 Fraud Protection.
1-“eCommerce Fraud Presents A $12 Billion Problem,” PYMNTS, March 14, 2020.