BR-DGE and Volt unite to support merchants in fighting payment fraud
By Gloria Methri
Payment orchestration provider BR-DGE has announced its latest partnership with global real-time payments gateway Volt to support merchants in countering payment fraud.
Through a single point of integration, BR-DGE’s merchants can access a world of payment providers, fraud capabilities, and alternative payment methods. This new partnership will enable BR-DGE merchants to benefit from Volt’s Open Banking tool, which connects to over 1,800 global banks and routes payments in real-time.
BR-DGE merchants will also be able to access Open Banking’s fraud prevention tool, Circuit Breaker, which was created by Volt to counter fraudulent activity by identifying and blocking suspicious payment activity.
Volt is a European Open Banking provider that enables faster, easier, and more secure payment experiences that boost conversion for merchants. BR-DGE merchants will now be able to benefit from the security, ease, and efficiency of Volt’s platform whilst being able to offer consumers a frictionless payment experience.
Volt joins over 300 technology and payment providers that have signed up for BR-DGE’s partnership program to provide merchants with the ability to access a global marketplace of payment services through one single integration.
Commenting on the partnership, BR-DGE’s Head of Partnerships Tom Voaden said, “Partnering with Volt enables BR-DGE to continue to offer merchants the very best security and Open Banking technology in order to support their growth. Open Banking and fraud prevention are high on the payment priority list for businesses, and it is only set to grow in importance as firms look to better serve and protect their customers.”
Richard Drury, Volt’s VP of Partnerships, said, “We are excited to bring real-time Open Banking payments, backed up by intelligent fraud prevention, to BR-DGE’s merchants. We have seen huge demand from e-commerce businesses for payments that settle faster, are easier for shoppers to initiate, and which don’t come with high fees. Open Banking payments, which benefit from bank-grade security, are inherently safer – but Circuit Breaker, which enables merchants to set up rules governing fraudulent transactions, takes security to a new level. We look forward to helping BR-DGE’s merchants realise its benefits.
IBSi Daily News Analysis
January 16, 2024
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