Case Study: Worldpay reduces fraudulent card transactions with Featurespace FraudSight

Worldpay reduces fraudulent card transactions by 56% with Featurespace

Worldpay, a leading payments company processing billions of transactions, partnered with Featurespace to enhance their fraud protection services for merchants. Their challenge was to find a solution that provided an acquirer’s overview of all payment services without relying strictly on rules-based systems.

Featurespace implemented its FraudSight solution, powered by Adaptive Behavioral Analytics and machine learning. This system connects in-store and online transactions to build behavioral models, effectively detecting fraud while optimizing the approval of genuine transactions. The results were significant, with Worldpay reducing fraudulent card transactions by 56% using the Featurespace platform.

Worldpay