Adyen, Cover Genius partner on payment fraud
Adyen has signed up as a payment processing partner for Cover Genius, to help the embedded insurance heavyweight with pay methods for customers worldwide.
The payments group has implemented its fraud and security solution 3 Domain Secure, which uses machine learning to boost authentication processes.
It assesses whether a transaction should be authenticated through a streamlined process or a more rigorous one.
Cover Genius VP of product Ehsan Azizi says the collaboration has increased authorisation rates and reduced chargebacks.
“Adyen’s global reach supports ours as we manage the claim process for our partners and provide instant payments for approved claims in any currency and language,” he said.