Keep fraud away and protect your business from losses
E-commerce is growing more complex every year, with a growing number of payment options and devices used. In addition, multinationalism and high mobility, as well as dedicated pick up stations different from billing address make shopping patterns convoluted and hard to identify. Outdated technologies cannot deal with such complex shopping behaviors, leading to a high rate of false positives, where legitimate transactions are mistakenly identified as fraudulent. Additionally, customers expect no hassle in their checkout process, and if faced with difficulty, abandon their carts easily and switch to another retailer, as the options are endless. Merchants are therefore faced with high losses due to both false positives and drop rate, far higher than their losses to actual fraud.