Instant Payments – Tink’s Rules-based Risk Engine Risk

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Tink, an open banking innovator, has unleashed ‘Risk Signals’ – a
rules-based risk engine that transforms instant payment experiences across
Europe while minimizing risk.

In an era where time is the ultimate luxury, waiting days for bank
transfers to settle feels archaic. Enter Tink’s Risk Signals, a system that marries
fast payments with financial prudence. There’s no need to choose between speed
and security. According to Tink, Risk Signals ushers in a new dawn where
transactions are assessed in seconds, adding minimal friction to the user
experience.

In some
European markets, bank
transfers
can take up to three days to settle. Tink’s Risk Signals means
businesses no longer need to compromise between a quick checkout and reducing
risk.

The Inner Workings of Risk Signals

Powered by reams of account, balance, and transaction data, Risk
Signals orchestrates seamless risk checks in the background, ensuring fraud
prevention without compromising user convenience. The system offers three key
security checks:

  • Live balances: Risk Signals verifies a user’s
    ability to pay with real-time balance information including overdraft, credit
    lines, and pre-booked orders.
  • Transaction
    history: Risk Signals assesses fraud risk based on recent transactions, and previous
    non-settled payments.
  • Velocity checks: Risk Signals can flag suspicious transaction activity.

Dirk Jan Meijers, Payment Partnerships Lead Europe at Adyen (LinkedIn).

Dirk Jan Meijers, Payment Partnerships Lead Europe at Adyen said, “With
Risk Signals, Tink is enhancing the open banking payment landscape,
particularly in important markets like Germany. By leveraging the real-time
risk analysis during payment processes, Adyen can offer a payment option that
not only ensures security and reliability but also aligns perfectly with both
merchants’ and shoppers’ expectations.”

Embracing Risk Signals Across Europe

Risk Signals has launched in Germany, and has already been embraced by
industry giants like Adyen. With a swift implementation process averaging just
one week, businesses can seamlessly integrate Risk Signals without the hassle
of complex upheavals to their backend.

Tom Pope, SVP of Payments and Platforms at Tink (LinkedIn).

Tom Pope, SVP of Payments and Platforms at Tink, commented, “Risk
Signals is an ideal fit for businesses looking to offer a secure and fast
payment method especially in markets without real-time settlement – like Germany.
With Tink’s Risk Signals, you no longer need to compromise between a fast
checkout and reducing risk. Already in use by PSPs like Adyen, Risk Signals
uses account, balance, and transaction data shared under valid consent by the
payer to prevent fraud which simultaneously contributes to providing a
brilliant experience for both merchants and consumers.”

Payments, they often go unheralded, but they drive the finance world.

Tink, an open banking innovator, has unleashed ‘Risk Signals’ – a
rules-based risk engine that transforms instant payment experiences across
Europe while minimizing risk.

In an era where time is the ultimate luxury, waiting days for bank
transfers to settle feels archaic. Enter Tink’s Risk Signals, a system that marries
fast payments with financial prudence. There’s no need to choose between speed
and security. According to Tink, Risk Signals ushers in a new dawn where
transactions are assessed in seconds, adding minimal friction to the user
experience.

In some
European markets, bank
transfers
can take up to three days to settle. Tink’s Risk Signals means
businesses no longer need to compromise between a quick checkout and reducing
risk.

The Inner Workings of Risk Signals

Powered by reams of account, balance, and transaction data, Risk
Signals orchestrates seamless risk checks in the background, ensuring fraud
prevention without compromising user convenience. The system offers three key
security checks:

  • Live balances: Risk Signals verifies a user’s
    ability to pay with real-time balance information including overdraft, credit
    lines, and pre-booked orders.
  • Transaction
    history: Risk Signals assesses fraud risk based on recent transactions, and previous
    non-settled payments.
  • Velocity checks: Risk Signals can flag suspicious transaction activity.

Dirk Jan Meijers, Payment Partnerships Lead Europe at Adyen (LinkedIn).

Dirk Jan Meijers, Payment Partnerships Lead Europe at Adyen said, “With
Risk Signals, Tink is enhancing the open banking payment landscape,
particularly in important markets like Germany. By leveraging the real-time
risk analysis during payment processes, Adyen can offer a payment option that
not only ensures security and reliability but also aligns perfectly with both
merchants’ and shoppers’ expectations.”

Embracing Risk Signals Across Europe

Risk Signals has launched in Germany, and has already been embraced by
industry giants like Adyen. With a swift implementation process averaging just
one week, businesses can seamlessly integrate Risk Signals without the hassle
of complex upheavals to their backend.

Tom Pope, SVP of Payments and Platforms at Tink (LinkedIn).

Tom Pope, SVP of Payments and Platforms at Tink, commented, “Risk
Signals is an ideal fit for businesses looking to offer a secure and fast
payment method especially in markets without real-time settlement – like Germany.
With Tink’s Risk Signals, you no longer need to compromise between a fast
checkout and reducing risk. Already in use by PSPs like Adyen, Risk Signals
uses account, balance, and transaction data shared under valid consent by the
payer to prevent fraud which simultaneously contributes to providing a
brilliant experience for both merchants and consumers.”

Payments, they often go unheralded, but they drive the finance world.



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