Better fraud and risk management for traders
Integrated platform enables Pay4One merchants to maximize their revenue through higher acceptance rates and lower process costs
SHS Viveon AG (m:access ISIN DE000A0XFWK2 / WKN A0XFWK), the modular platform for the automation of risk, credit and compliance processes, has concluded a cooperation with PAY4ONE , the payment solution of AMYS IT-Solutions GmbH.
As part of the cooperation, Pay4One offers its merchant customers the SHS-Viveon platform for fraud prevention and risk management and extends its existing portfolio with valuable services. “With this additional solution, Pay4One can offer its customers three major advantages: fraud prevention, faster expansion into new markets and an optimized shopping experience through BuyNowPayLater,” says Jürgen Zeitz, Managing Director of AMYS IT-Solutions GmbH.
PAY4ONE’s merchant customers can use the SHS Viveon platform to perform comprehensive limit and obligation assessments of end customers. The partnership also facilitates the evaluation of historical customer data and customer group-related inquiries. The customer profile becomes more accurate, allowing merchants to offer more targeted products to their customers and increase conversion. “Nowadays, a lot of data is generated when shopping: For example, we offer retailers the possibility of shopping basket analysis to gain dedicated information on the type of products sold to the different customer groups. This facilitates targeted marketing to appropriate target groups, ” explains SHS Viveon CEO Ralph Schuler“
The solution also offers Pay4One customers the option of simulating workflows in parallel operation, enabling targeted sales increases while taking risk into account. Payment risks are also reduced: With an integrated fraud prevention solution, merchants can actively manage payment defaults and significantly reduce their default rates.
Another advantage of the solution is that the data from all sales channels is managed jointly: “Our platform connects the shopping worlds of retail and online shopping and thus supports retailers through consistent data management of end customers,” says Schuler.
About SHS Viveon
SHS Viveon’s mission is to significantly simplify the management of financial and regulatory risks of companies. The SHS Viveon platform enables risk, credit and compliance management teams to automatically identify, assess and hedge risks in a flexible, digital process. It simplifies access to all relevant data from any system, automates processes, improves analysis and simulation, and thus enables better business decisions. SHS Viveon was founded in 1991 and has been listed in m:access on the Munich Stock Exchange since 1999.
Pay4One is a payment service provider that enables neutral, independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “fintech”, Pay4One meets the payment needs of small and medium-sized merchants. The modern, easily expandable architecture offers intelligent transaction routing, cascading, alternative payment methods such as PayPal, Sofort, purchase on account, installment payment, carrier billing, state – of – the-art risk and fraud management, fully automatic reconciliation and billing processing, comprehensive reporting, as well as the plugin-based integration of all common shop modules. Founded in 2012 in Neu Isenburg, the owner-managed company supports national and international customers( in 8 European countries) and focuses on innovative solutions for e – and m-commerce, POS, in particular for start-ups, smart city and connected cars projects.