VESTA, STRIPE ALLIANCE SAFEGUARDS BUSINESSES FROM FRAUDULENT TRANSACTIONS

KUALA LUMPUR, Nov 17 (Bernama) -- Vesta has announced a partnership with Stripe, a financial infrastructure platform for businesses, to enable a comprehensive fraud prevention and risk protection solution that indemnifies merchants from losses from fraudulent transactions.

“Vesta and Stripe share a goal of making online transactions as simple and worry-free as possible, and collaborating with Stripe allows Vesta to directly reach more merchants with what we love to do, help them grow revenue and eliminate the losses from fraud,” said Vesta Chief Executive Officer, Ron Hynes.

Under the partnership, Vesta Payment Guarantee, which provides 100 per cent indemnification from fraudulent chargebacks, will incorporate Stripe Radar risk scores to offer a comprehensive fraud and revenue protection option to increase transaction approval rates and thwart first-party and third-party chargebacks.

According to a statement, this is particularly attractive to merchants who are at-risk due to high fraud or excessive disputes, and they can access Vesta Payment Guarantee on Stripe App Marketplace in the first half of 2024.

Second, Vesta will integrate Stripe Connect, which lets businesses facilitate purchases and payments between third-party buyers and sellers, in which Vesta merchants and their customers will have a holistic solution that mitigates fraud and risk while processing payments quickly and securely.

A global transaction guarantee platform delivering unparalleled approval rates and a frictionless customer experience while eliminating chargebacks and other forms of digital fraud, Vesta brings a deep understanding of the world’s most serious threats and challenging markets.

-- BERNAMA