ACE Moves Money Faster and Safer with Checkout.com
1 min read
ACE Money Transfer helps people send and receive money quickly, safely and reliably. With over 1 million customers relying on their platform, they needed to solve some systemic challenges by upgrading their payments process, domestically and internationally.
Operating both conventional and online business models, ACE has always held the highest reputation for providing convenient, safe, and cost-effective services at a reasonable and affordable rate. Customers can send their hard-earned money back to their loved ones through Aftab Currency’s extensive payout network in 95 countries covering Asia, Africa, the Middle East, Europe, and Latin America. They currently process hundreds of millions of dollars annually for over 1 million registered customers and have 1,200+ PSD locations worldwide.
Customers rely on ACE to deliver much-needed funds to users around the world which means efficient, safe, and timely disbursement settlements speeds are paramount to building and maintaining trust with their users. Since processing with Checkout.com, ACE has seen faster settlements and higher approval rates. But most notably, ACE has experienced much smoother processing with Checkout, “Checkout.com, being a combination of gateway and acquiring services, has brought smoothness to end-to-end processing. Their Reconciliation API has made reconciliation processes simple and straightforward,” says Raza Malik, Executive Head of Business.
Managing fraud and risk is also a key priority for ACE and they go to great lengths to warn and protect their customers of fraudulent activities. With Checkout.com’s proprietary fraud detection tool, they’ve been able to gain even more visibility and take greater preventive action against fraudsters. "Fraud is a top priority for both ACE and Checkout. It’s critical that we are vigilant, which is why we send multiple suspicious transaction reports daily and keep a close watch on transaction activity,” says James Gilbert, Checkout.com Customer Success Manager.
By partnering with leading global financial institutions and innovative fintechs like Checkout.com, ACE Money Transfer plans to expand into new geographies. “We’re hoping to start working with Checkout in Australia. We want to reach more customers around the world and Checkout.com’s consolidated gateway and acquiring systems, in addition to their suite of alternative payment methods, are a big part of what will get us there,” says Malik.
Aftab Currency Exchange Limited t/a ACE Money Transfer, a UK Incorporated Money Services Business under Companies House UK. ACE is an Authorized Payment Institute duly authorized by FCA and HMRC and currently working in UK and Europe.