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Online Payments

Wirecard offers payment guarantee for credit card payments

Monday 24 July 2017 | 10:16 AM CET

Wirecard, a digital payment solutions provider, has introduced payment guarantee for credit card payments, available with the SUPR ecommerce solution.

The new functionality is mainly targeted at small and medium-sized online merchants for whom payment defaults on the part of their customers can be a financial burden. The company uses a risk management solution based on machine learning and artificial intelligence called Fraud Prevention Suite (FPS).

The solution will initially be available for new merchants using Wirecard's proprietary SUPR platform in Germany and will be rolled out across Europe. SUPR is an e-commerce solution that allows merchants to sign up on a platform and integrate the payment guarantee solution as an additional, optional payment package. Afterwards, the solution will also be integrated within the company’s Checkout Portal.

For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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