Fiserv Teams up with Vesta to Improve E-commerce Customer Experience in Mexico

Fiserv, a leading global provider of payments and financial services technology, announced on Wednesday that it has partnered with Vesta, which provides an AI-powered platform for payment fraud detection and prevention, to provide a better e-commerce customer experience in Mexico with more fraud protection and reduce the fraud-related chargeback risk for Mexican e-commerce.

The Vesta fraud prevention platform helps secure online payment transactions, reduces the decline rate, and includes a “Zero Chargeback Guarantee.”

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According to the offcial press release, Fiserv will integrate a cutting-edge fraud prevention solution into its e-commerce payment gateway, reaffirming its mission to deliver superior value to clients through leading technology and strategic agreements that benefit businesses.

Sergio Villarruel, Country Manager for Fiserv in México, commented, “We celebrate partnering with a security expert such as Vesta for fraud prevention in online payments, and we’re proud that Fiserv is the first player in the Mexican market to integrate this kind of solution. Thanks to the joint efforts between Fiserv and Vesta, we’re able to offer an alternative that mitigates fraud exposure for Mexico’s merchants offering e-commerce, and, at the same time, reduce the chargeback risk related to those transactions.”

As Fazzaco reported earlier, Fiserv has partnered with Deutsche Bank to launch a joint venture​ to create a comprehensive provider of payment acceptance and banking solutions. The joint venture will serve small and medium-sized enterprises (SMEs) in the German market and will be based in Frankfurt am Main