Latest news with #acquirers
Finextra
2 days ago
- Business
- Finextra
Worldline launches AI-powered routing tech
Worldline [Euronext: WLN], a global leader in payment services, today announces the launch of its AI-powered routing solution, changing how businesses route payments globally. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Following successful pilots, the solution has delivered increased authorisation rates by more than 2% in addition to the 3% improvement achieved with its rule-based routing. Payments are routed through acquirers, and choosing the most suitable one leads to increased authorisation and optimised costs. Worldline's enhanced routing solution now leverages artificial intelligence (AI) to analyse transaction data and select optimal payment routes in real time to further uplift conversion rates. Some of the pilot merchants experiencing an uplift of over 2% in authorisation rates (on top of 3% with rule-based routing). The existing rules-based solution routes transactions to the acquirer with low interchange fee, with one customer witnessing a €1.63M boost in revenue. By boosting authorisation rates and reducing cost, Worldline helps customers to maximise profit margins with no extra effort. The solution offers a unique dual-layered routing strategy, combining the reliability of predefined rules with the adaptability of machine learning. This allows businesses to adjust their payment processes to fit specific operational needs. Key features of the full solution include: • Omnichannel capability: the rules-based service can be used from multiple touchpoints for both online and in store transactions. • Global reach: supports multi-currency, multi-acquirer environments with intelligent cross border payment handling. • AI-powered routing: this feature used global online businesses selects the most favourable acquirers, increasing conversion rates. Khalil Kammoun, Head of shared services at Worldline, commented: 'With AI-driven routing, we're enhancing authorisation rates through smarter decision-making and unlocking new revenue for our customers. At Worldline, we view payments as a growth driver for businesses and through this solution, we are delivering on that promise. Our aim is to enable businesses to achieve new levels of efficiency, cost savings, and payment optimisation.' Worldline's AI-based solution is already being used by global e-commerce customers and will soon be available for other Worldline payment platforms. The solution positions Worldline as a trusted innovator and leader in the global payments industry, setting a new benchmark for intelligent transaction management.
Finextra
03-06-2025
- Business
- Finextra
Transactility adds ISO 20002 compatibility to JPOS infrastructure
Transactility Inc., the company behind the widely used open-source card payments framework jPOS, has announced the release of jPOS 3. 0 This major upgrade introduces ISO 20022 compatibility, improved performance, and enhanced observability features, positioning jPOS at the forefront of the future payment infrastructure. Trusted by some of the world's largest acquirers, issuers and payment schemes, jPOS has powered critical transaction systems for over two decades. With the launch of jPOS 3, Transactility Inc. aligns its framework with modern financial messaging standards, adding support for ISO 20022, enabling payment players to transition toward real-time and instant payments while relying on the same solid and trusted jPOS ecosystem. The update also delivers a significant performance boost. Institutions upgrading to jPOS 3 can expect up to 20,000 transactions per second—a substantial increase over previous versions—achievable even on standard hardware. These performance enhancements are complemented by system scalability and observability improvements, making jPOS 3 an ideal choice for high-volume, latency-sensitive payment networks. jPOS 3 is built on the latest Java technology stack and introduces new capabilities, including structured logging and real-time metric tracking, streamlining regulatory compliance, and improving fault detection. jPOS continues to differentiate itself through its open architecture and developer-friendly design. Engineering teams can rapidly implement and customize payment systems with full source code transparency, significantly reducing development time and vendor dependencies. jPOS 3 is a powerful solution for businesses seeking to modernise legacy infrastructure or replace rigid, closed platforms with something more flexible and future-ready. 'jPOS is a proven, 25-year-old framework adopted worldwide by some of the biggest names in payments,' said Alejandro Revilla, the original creator of jPOS and founder of Transactility Inc. 'For over 25 years, jPOS has quietly powered reliable global payments. With jPOS 3, we're raising the bar—delivering speed, scalability, ISO 20022 compliance, and unmatched ease of use for developers.'
