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IndustryUpdate

PARTNERSHIPS mobile phones while allowing an additional means to
accept payments for merchants.
DataVisor, Q6 Cyber collaborate on fraud detection Pay.UK, Iliad Solutions support

DataVisor, a real-time fraud and risk management NPA payments testing
platform that harnesses sophisticated AI and machine Iliad Solutions heralded the general release of its T3
learning, partnered with Q6 Cyber, a cyber and fraud test and certification platform for New Payments
threat intelligence firm, to centralize relevant threat Architecture. The solution is used in pre-certification
intelligence data in a single platform to increase fraud mode to underpin the Pay.UK Self Validation Testing.
detection accuracy. Q6 Cyber’s proprietary threat intel- The general release is further enhanced to integrate and
ligence enriches simulate the back-end systems that financial institutions
use to interoperate with NPA. This results in a fully
DataVisor’s existing fraud signals, providing finan- automated end-to-end-solution.
cial institutions with a holistic analysis of all relevant
transaction data and fraud signals in one centralized Iliad’s testing option forms part of an ongoing partner-
platform, immensely simplifying fraud and risk deci- ship between Pay.UK and Iliad Solutions with both
sioning, the partners stated, noting that Q6's round-the- parties previously collaborating on Faster Payments,
clock coverage extends beyond the Dark Web and Deep and Confirmation of Payee (CoP), the name checking
Web to include peer-to-peer messaging apps and other service for UK-based real-time payments. NPA will be
cybercrime infrastructure, which enables preemption of the biggest upgrade UK payment systems have seen in
a range of financial crimes and fraud. a generation. As such Pay.UK’s testing strategy has been
Finaro, Acquired.com team meticulously designed to support the programme ensur-
up on merchant acquiring ing that the NPA framework can be validated across the
entire ecosystem, the partners stated.
Cross-border payment provider Finaro and Acquired. Innovia Consulting joins VersaPartner program
com, a UK payments specialist and payment initiation
service provider, reported they partnered to enable Collaborative accounts receivable specialist Versapay
Acquired.com (a member of the Quint Group) to offer its added Innovia Consulting as a Versapay Premier
customers Finaro’s tailor-made brilliantly simple acquir- Partner. As part of VersaPay's VersaPartner program,
ing services. Through this collaboration, Acquired.com Innovia will gain access to top-tier market solutions for
customers will gain access to Finaro’s simple onboard- clients, assistance in the selling process, and technical
ing, approval rate optimization and in-depth data analy- resources to help clients get the most out of their pay-
sis, as well as proactive merchant account monitoring ments solution, VersaPay stated, adding that Innovia
with round the clock customer support, the partners is an award-winning Microsoft Dynamics 365 Business
stated. Central partner devoted to adding value to their client's
businesses and delivering exceptional customer ser-
Finaro’s fully redundant payment processing technol- vice. Innovia, VersaPay noted, functions exclusively on
ogy servers will ensure that Acquired.com’s customers Business Central, providing its client teams with unpar-
can enjoy "uptime all the time" as well as benefit from alleled product expertise and support.
a smart routing solution that automatically reroutes
merchant traffic in real-time to a new server if an issue
occurs, they added. ACQUISITION

NMI, Authvia launch TXT2PAY service TMT Analysis acquires Phronesis
Commerce enablement technology company NMI TMT Analysis, a mobile number and device intelligence
launched a product collaboration with Authvia, a plat- company, acquired UK based Phronesis Technologies
form providing payment experiences via text, to provide Ltd. The deal, TMT stated, enables it to expand its range
TXT2PAY capability to NMI partners and the merchants of products and services in the growing mobile and
they work with. Through TXT2PAY, merchants can device identity market.
securely request and receive a payment via text, which
can be up to 10 times faster than other payment meth- In today’s digital world, the importance of having strin-
ods, NMI stated, adding that merchants simply need to gent authentication and verification checks in place is
enable the service in NMI’s Marketplace, and they can becoming increasingly important across multiple indus-
begin sending invoices and receiving payment immedi- tries and geographies, TMT stated, adding that its acqui-
ately. sition of Phronesis marks a significant step in the com-
pany's journey toward cementing its position as a go-to
Additionally, the company noted, end-users will have a mobile identity company, capitalizing on the rapidly
simple, convenient way to pay a bill or invoice with their growing market, helping businesses around the world to
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