B2B payments specialist Adflex today announces a partnership with Signifyd, the market leader in commerce protection, to enhance security checks and reduce fraud for its merchant customers via machine learning, AI, and velocity checks.

Adflex processes over seven million supply chain transactions a year for more than 4,000 businesses, including some of the world’s largest enterprises. It uses EMV® 3-D Secure to offer seamless authentication to its ecommerce customers and is now bringing additional fraud protection to its user base by integrating Signifyd’s machine-learning technology into its B2B payment offering via API.

Signifyd’s platform will enable Adflex to make use of machine learning and big data to automate online order flows and separate fraudulent and legitimate orders in real time, giving Adflex’s merchant customers complete trust that their transactions are authentic and secure.

The integration will also automatically perform velocity checks to instantly assess and identify irregular payment patterns that could indicate fraud. These checks are designed to monitor the pace at which buyers submit transactions, helping to identify and intercept fraudsters that seek to quickly max out stolen card details.

On average, users of Signifyd see an eight percent increase in accepted orders. The company uses big data and machine learning to provide a 100 percent financial guarantee against fraud and chargebacks on approved orders, optimising revenue for retailers. Signifyd customers include Samsung, Mango, eBay, and Lacoste to name a few.

“B2B payments are becoming more digitised as buyers and sellers seek to simplify and accelerate their transaction flows, and establish greater control over their payments,” said Pat Bermingham, CEO, Adflex. “By partnering with Signifyd, Adflex is able to provide instant, automated protection to our customers, enhancing our existing anti-fraud offer through cutting-edge machine learning technology. Our modernised suite of digital payment services, each wrapped in a RESTful API, ensures our acquirer and merchant clients can quickly and easily benefit from these value-added services.”

The Adflex Hosted Payment Page enables business clients to seamlessly integrate card payments within their website, improving checkout conversion and boosting ecommerce revenue. Its cloud-based APIs enable fast, web-based integration of a wide variety of payment services, from simple consumer debit and credit to commercial credit and level 3 purchasing cards, supporting SCA, Click to Pay, and multiple shopping cart plugins.

Ed Whitehead, MD EMEA, Signifyd, concluded: “As a leader in the fraud management space we are always looking for ways to enhance our offering to clients so we are pleased to announce our partnership with Adflex. As a specialist in business payments, Adflex understands the complexities and challenges of the digital landscape, sharing Signifyd’s desire to simplify the process for buyers and sellers while keeping them secure online.”

About Adflex
Adflex creates unique value in the global B2B supply chain by delivering fast and cost-effective digital payments integration.

Through its specialist consultancy and stakeholder agnostic digital payments platform, Adflex enables strategic advantage for the world’s buyers and suppliers by dramatically simplifying their payment issuance and acceptance. Through Adflex, buyers can quickly onboard a wider range of qualified suppliers than ever before. Similarly, suppliers can establish partner-of-choice status with more buyers than otherwise possible.

Adflex’s digital payment services support a wide range of sectors globally, including financial services, government and public services, transportation, logistics, healthcare and pharmaceuticals, and aerospace and defence.

About Signifyd
Signifyd provides an end-to-end Commerce Protection Platform that leverages its Commerce Network to maximize conversion, automate customer experience and eliminate fraud and customer abuse for retailers. Signifyd counts among its customers a number of companies on the Fortune 1000 and Internet Retailer Top 500 lists. Signifyd is headquartered in San Jose, CA., with locations in Denver, New York, Mexico City, Belfast, and London.