Fraugster partners with Yuno to expand its footprint in the LATAM region

By Akshay Kedari  | Date: 2022-09-08

Fraugster partners with Yuno to expand its footprint in the LATAM region

Ultimate payment platform, Yuno has reportedly partnered with leading payments intelligence company, Fraugster, to offer easy access to online merchants for compliance, fraud prevention, and revenue uplift solutions with a single API.

Apparently, companies across Latin America are constantly experiencing challenges in managing several fraud detection tools and payment methods to accept payments, subsequently resulting in fragmentation, complexity, and high costs.

As per the recent data published by the MRC (Merchant Risk Council), Latin American merchants face the highest average chargeback rates, 3.8% compared to 2.6% in Europe and the maximum order rejection rates, 6.9% as compared to 2.8% in the EU of any global region.

With this collaboration, both firms look forward to addressing these challenges to assist businesses in reducing fraud losses and the total cost of managing fraud.

Fraugster will further bolster Yuno’s offerings by deploying enhanced AI trained on global payment data for making accurate decisions to enhance approval rates.

The innovations in AI (artificial intelligence) and machine learning will also enable the merchants of Yuno to go live in real time, regardless of historical data. Apparently, this is a game changer in the industry where long integration cycles impede speed to value.

 Julián Núñez, the co-founder at Yuno, addressed the ease of optimizing and accepting online payments for merchants while claiming that with the Fraugster partnership, the firm will roll out a unique solution allowing merchants to make easy, quick, and safe online checkout to focus on its primary business.

On the other side, Christian Mangold, Fraugster CEO, added that the firm is thrilled to collaborate with Yuno as it expands further into the LATAM region.

Christian also revealed that the firm now has an ideal partner with the same vision that the industry needs to work together against fraud to offer more scalable and flexible customer solutions.

For the record, the solution will empower the customers to make the operations seamless by selecting from various solutions, including chargeback liability coverage, with the help of one integration.

Source credit - https://www.prnewswire.co.uk/news-releases/fraugster-further-expands-into-latin-america-by-teaming-up-with-yuno-874401077.html

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Google Fi confirms data breach, leaking millions of customer’s data

Google Fi confirms data breach, leaking millions of customer’s data

By Akshay Kedari

Google Fi, Google's cell network operator, has reportedly revealed a data breach, which is most likely related to the T-recent Mobile's security disaster, which allowed hackers to leak millions of customers' personal information. The p...

European semiconductor giant ASML forecasts a sales surge for 2023

European semiconductor giant ASML forecasts a sales surge for 2023

By Akshay Kedari

Dutch semiconductor company ASML has reportedly forecast a revenue jump for the year 2023 as the global semiconductor industry anticipates a reacceleration of growth during the second half of this year. According to the firm, its net sales  f...

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...