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Fraugster uses Artificial Intelligence (AI) to bring e-commerce into a fraud free worldBERLIN- June 21, 2017 - Fraugster, a German-Israeli payment security company, announced today the official launch of the Fraud Free Product (Fraugster.com). The product is based on a powerful Artificial Intelligence technology which is so advanced that it can foresee fraudulent attacks before they actually happen.

“Online merchants are losing on average over 1.5% of their annual revenue to fraud. With our Fraud Free Product they don’t have to care about risk at all, because we’re taking over the full liability for every payment transaction. In the off-chance our technology gets it wrong, we pay our customers losses immediately.” said Max Laemmle, CEO and founder of Fraugster. “Our technology adapts to new fraud trends on the fly so that our merchants can really focus on their core business. But we are not just...

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