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IndustryUpdate

of small business owners surveyed feel their companies protection for travel merchants, the partners stated. The
are well-prepared to handle economic instability. While partnership, they added, enhances ecommerce security
61 percent are concerned about increased interest rates, and efficiency for airlines and travel merchants, allow-
59 percent worry about inflation and 44 percent fear a ing them to provide a secure shopping experience with-
recession, 72 percent are more optimistic about their out compromising customer service.
businesses' financial prospects than they were in January
2023. Many respondents have taken steps to address Nuvei, PwBt debut account-to-account payments
economic challenges, including using savings or loans
(61 percent), adjusting prices (50 percent) and reducing Pay with Bank Transfer (PwBt), powered by American
production (45 percent). Digitization is also on the rise, Express, chose Nuvei Corp. as its first authorized acquir-
with 58 percent of respondents increasing their digital er to promote and sell its open banking-enabled pay-
presence. ment method. PwBt allows consumers to make trans-
actions directly from their bank accounts, eliminating
the need for card details and additional authentication
PARTNERSHIPS checks. Nuvei will offer PwBt to UK merchants, sup-
porting them in integrating the open banking payment
CellPoint Digital, Riskified method into their ecommerce platforms. PwBt is used
partner on fraud protection in the UK for secure, frictionless high-value transactions
and instant bill payments. Nuvei's customers can easily
Payment orchestration provider CellPoint Digital and integrate PwBt into their online checkouts, streamlining
Riskified, an ecommerce fraud and risk intelligence payment processes.
company, teamed up to boost transaction approval rates
and reduce costs for travel merchants. Riskified's fraud Nymbus picks DataVisor for digital fraud solutions
management platform uses AI and machine learning to Nymbus, a provider of cloud-based financial technology
analyze transactions and minimize fraud risks. In com- solutions, chose DataVisor, an AI-powered fraud and
bination with CellPoint Digital's payment orchestration risk platform, to enhance its digital banking offerings. By
platform, the solution provides enhanced fraud protec- integrating DataVisor's comprehensive fraud platform,
tion, higher approval rates and complete chargeback Nymbus' financial institution partners can upgrade their

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