Helix and Visa DPS Collaboration Gives Companies a Personalized Approach to Fraud Management

Rhea-AI Summary

Helix by Q2 (QTWO) has partnered with Visa DPS to enhance its embedded finance platform with advanced data and fraud solutions. This collaboration aims to provide personalized and PCI-compliant fraud management tools to fintechs and consumer brands through the Helix Admin Console. The integration allows customizable risk management strategies, potentially saving clients significant compliance costs. Visa's extensive reach supports this initiative, benefiting millions of users and enhancing the scalability of businesses as they grow.

Positive

• Partnership with Visa enables access to advanced fraud solutions.
• Customization of risk management strategies can save clients significant compliance costs.
• Enhanced scalability for fintechs and consumer brands using Helix services.

Negative

• None.

Helix partnered with Visa DPS to enable fintechs and brands to use Visa DPS’ suite of data and fraud solutions to build more profitable businesses through personalization

AUSTIN, Texas--(BUSINESS WIRE)-- Helix by Q2 (NYSE: QTWO), a cloud-native core purpose-built for embedded finance, today announced it has embedded its finance platform with Visa Debit Processing Service’s data and fraud solutions. This collaboration will provide a personalized and cardholder-centric approach to fraud management, allowing fintechs and consumer brands access to PCI-compliant fraud and risk management solutions through the Helix Admin Console.

The multi-tenant architecture of the Helix solution, combined with Visa fraud tools including Risk Services Manager (RSM), provides customers with permissions-based, PCI-compliant fraud and risk management solutions. This allows each Helix customer to customize its risk management approach while saving hundreds of thousands of dollars in compliance expenses. Visa risk tools enable each customer to create, test and execute custom fraud rules across their entire portfolio or thoughtfully apply risk strategies in a personalized approach to just a segment of their cardholders.

Visa, the world’s leader in digital payments, holds a significant footprint in the US and Canada. Visa Debit Processing Service processes for over 200 clients and, in collaboration with Helix, supports millions of users.

“Making finance human means enabling companies to take a personalized approach across all aspects of the relationship, including their approach to fraud and risk management,” said Ahon Sarkar, general manager of Helix. “As the first embedded finance platform to give companies access to Visa DPS’ robust suite of fraud solutions, Helix delivers differentiation across card services, fraud and risk management to provide customers with a unique, context-based solution that is scalable as customers add more users. We are excited to continue evolving our long-term partnership with Visa and helping our partners build unique and innovative products that grow into sustainable businesses. ”

”As consumer demand for seamless solutions continues to grow, working with partners like Helix helps Visa to meet consumers where they are,” said Todd Brockman, senior vice president of issuing solutions, Visa, Inc. “This continued collaboration allows users to help scale their business, no matter how much it grows and evolves.”

To learn more about Helix by Q2, visit helix.q2.com.

About Helix by Q2

Helix gives innovative fintech and brands the building blocks of banking — accounts, cards, payments, data and controls, admin tools, and monetization solutions — to make it easy to embed personalized financial experiences that easily integrate and scale. For more information on Helix, visit helix.q2.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221021005264/en/

For Q2:

Cole Lanier

cole.lanier@Q2.com

205-616-6142

Source: Q2 Holdings, Inc.

FAQ

What is the partnership between Helix and Visa DPS?

Helix has embedded its finance platform with Visa DPS' data and fraud solutions to provide personalized fraud management tools.

How does Helix's new collaboration benefit fintechs?

The collaboration offers PCI-compliant fraud and risk management solutions, allowing fintechs to customize their strategies and save on compliance costs.

What impact does the Helix and Visa partnership have on QTWO's stock?

The partnership could positively influence QTWO's stock by enhancing its value proposition and attracting more fintech customers.

How are Helix customers expected to benefit from this collaboration?

Helix customers can utilize Visa's fraud tools to create custom fraud rules, improving risk management and potentially increasing profitability.

When was the partnership between Helix and Visa announced?

The partnership was announced in October 2022.