Published: November 14, 2024
Reading time: 2 minute read
Written by: Forter Team

In today’s rapidly advancing digital economy, merchants and financial institutions must navigate a complex landscape of customer expectations, fraud threats, and evolving payment technologies. To thrive, businesses need more than basic fraud controls — they need an agile, comprehensive approach to both payment optimization and fraud prevention. 

Fraud and payment inefficiencies can quickly undermine customer trust and revenue. As fraudsters become increasingly sophisticated, merchants face the dual threat of both true fraud and the unintended consequences of false declines, which turn away legitimate customers. 

That’s why Forter and Paydock are joining forces to deliver an integrated solution that will reshape the opportunity merchants and acquiring banks have to lead the market in fraud and payments. This partnership, leveraging Forter’s AI-driven fraud insights within Paydock’s payments enablement infrastructure, is designed to help businesses take on these challenges in a more seamless, scalable way.

Transforming Fraud for Financial Institutions

Acquiring banks often contend with legacy systems that make it difficult to adopt newer, more flexible fraud solutions. With Paydock’s modular platform as a foundation, acquiring banks will soon have access to Forter’s network-based fraud prevention and payment expertise, allowing them to protect their customers and drive meaningful improvements in merchant services, revenue and customer experience. For banks, this capability represents a much-needed shift toward agile fraud management, making it easier to integrate modern fraud solutions within existing payment frameworks.

Increased Approvals, Reduced Friction

For merchants, effective fraud management means more than just stopping fraud — it’s about approving more genuine customers, minimizing false declines, and creating frictionless experiences. Forter and Paydock’s solution will allow merchants to take advantage of real-time fraud decisioning within a single platform, maximizing approval rates and keeping costs under control.

“With Forter’s AI-powered decisioning seamlessly integrated into the Paydock operations platform, merchants will be able to elevate their fraud prevention and payment strategies, achieve rapid scale and accelerate their revenue uplift.” – Neil Smith, Global Head of PSP Partnerships, Forter 

The Future of Fighting Fraud

As Forter and Paydock prepare to launch this solution in early 2025, the partnership signals a forward-thinking approach to both payments and fraud management, designed to stay ahead of evolving threats and business needs. Together, Forter and Paydock are setting the stage for a more resilient, adaptive future in digital commerce, empowering businesses to scale confidently and securely in the face of tomorrow’s challenges.

“By integrating Forter’s fraud prevention solutions with our no-code enablement platform, we’re introducing the next step in our vision of transforming the ease with which leading fintech can be offered by the world’s most trusted brands to merchants everywhere.” – Rob Lincolne, CEO, Paydock

2 minute read