WorldPay Launches DataEdge for FIs

Worldpay (NYSE: WP), previously Vantiv, a payment technology solution firm powering global and integrated Omni commerce, has announced the launch of DataEdge for financial institutions (FIs), a data insight and analytics tool powered by Worldpay’s Vivid Data Engine.

DataEdge for financial institutions is an advanced reporting solution for banking professionals for convenient and instant access to credit and debit card portfolios on a single dashboard. Worldpay’s clients will have access to an overview of credit and debit card issuing portfolios providing meaningful intelligence in a convenient web-based tool.

DataEdge is a secure and single sign-in web-based solution available via Worldpay’s iQ portal. Clients will have access to the last two years of portfolio performance trends and intelligence benchmarking that will help financial institutes to access their performance compared with other issuers. DataEdge will also provide deeper intelligence on the underlying details about key performance indicators in order to facilitate extensive research and highly customised reporting.

Heather Fleck, VP of operations at Railway Credit Union said:

DataEdge for FIs’ analytics provides a great summary of your card platform with a few simple clicks of the mouse. The data is displayed in presentation-ready graphics that include your credit union-specific trends right alongside your current or future peer groups.

For the company, the Vivid Data Engine is fast becoming the foundation of its Data Analytics products, delivering innovative solutions that help clients optimise their strategies for growth.

Brent Badger, VP of Data and Insights Products at Worldpay, said:

Clients using DataEdge for FIs can easily see and manage their card portfolio and optimize growth strategies. With an intuitive dashboard view and an easy export function, board-ready reports can be compiled efficiently, reducing a day’s work to just a matter of minutes.

According to Nicole Jass, VP of data and fraud products at Worldpay:

Vivid will continue to deliver innovative solutions that enable partners and clients to use data as a strategic advantage to act on trends as they emerge.