Visa invests in Form3 to reduce fraud in real-time A2A payments

By Gloria Methri

Visa has invested in Form3, the UK-based cloud-native account-to-account platform, to support its expansion globally. Parallelly, Form3 will provide Visa’s clients with access to its payments platform, to help modernise their payments infrastructure.

The new commercial partnership aims to bring the companies’ capabilities together to reduce high levels of fraud in real-time account-to-account payments, which includes building on Form3’s single API connectivity.

Michael Mueller, Form3’s CEO, said, “Today’s Visa funding and partnership announcement demonstrates the confidence that they have in Form3’s ability to deliver for their customers. We are delighted with this unique partnership we have built in collaboration with Visa which enables us together to continue to offer best-in-class services for the world’s most established banks and financial institutions.”

Jack Forestell, Visa’s Chief Product and Strategy Officer, added “A2A payments continue to grow in key segments and markets, and Visa and Form3’s partnership will look to offer modern cloud-native access to real-time payment infrastructures. Together we can grow confidence in real-time A2A payments, as we seek to combine Form3’s FinCrime Orchestration service with Visa’s deep learning AI and real-time risk scoring to help financial institution clients better manage the risk of sending and receiving real-time A2A payments.”

Form3 was founded In 2016, Form3 with an aim to revolutionise payment processing and disrupt the traditional payment infrastructure model, with a cloud-native, Payments-as-a-Service platform. Today, the FinTech is trusted by some of Europe’s and America’s top tier-one banks and global financial institutions to handle their critical payments architecture.

The Visa investment will enable Form3 to continue its growth journey, developing new products and services, and expanding into new territories, where the emergence of real-time payment solutions is becoming essential.