Dutch payment processing firm Adyen on Tuesday (Aug. 31) announced the release of Score, a machine learning-based solution that picks up on irregular activity by analyzing the merchant’s data and flagging unusual user behavior.
“As Score provides insights via a broad set of risk signals, the feature is of significant support for platform merchants’ compliance procedures,” the company announcement said. “By improving effectiveness and reducing time spent on platform user security reviews, Score increases operational scalability for platforms.”
Global fundraising platform GoFundMe is one of the first merchants to implement Score.
“Score has helped us to provide the best service we can to help as many people as possible, while also ensuring our customers trust that GoFundMe is keeping them safe and protected,” Matthew Murray, director of risk and compliance at GoFundMe, said in the announcement.
“We are constantly adopting the best tools to ensure we have a full and accurate picture of our risk profile, so we were pleased to be the first to try this new Score solution,” he said.
“This is where tech and compliance meet,” Mariëtte Swart, CLCO of Adyen, said in the announcement. “We’re very excited about the launch of Score, as we are now able to support our platform merchants in platform user fraud and integrity monitoring. Reducing risk is a top priority for platform businesses. The feature puts our merchants in full control by offering a solution that never stops learning.”
Related: Adyen, Shiji Join Forces To Simplify Hospitality Payments
Earlier this month, Adyen announced its collaboration with Shiji Group that will offer a streamlined payment process for the hospitality industry. The 15-year-old company announced a 67 percent increase in its processed volume during the first half of this year (216 billion euros, or about $252 billion).
Adyen also recently partnered with Just Eat Takeaway to offer a pre-funded card available at select Mastercard and Maestro merchants and announced last spring that it was collaborating with buy now, pay later (BNPL) company Afterpay to offer installment payment services to customers in the U.S., the UK, Canada, Australia and New Zealand.