Gift Card, Loyalty Points and Rewards Fraud
5x to 25x
86%
15%
Gift cards and other forms of stored value or virtual currency pose unique risks that span from duplication to money laundering. Rewards fraud can occur for items as small as a free beverage and as large as round-the-world first-class flight. Opportunists take advantage of program weaknesses and malicious actors compromise entire member databases, often with insider assistance.
As points and gift cards are often dispensed more freely than physical products, a thoughtful purchaser data request strategy combined with advanced analysis and machine-learned modeling can significantly control the otherwise significant risks.
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A user-friendly case management portal that allows you to set your own rules and review transactions efficiently and accurately.
Machine learning models are expertly engineered with the nuances of your business and industry already built in.
Visualize your real-time data to extract actionable insights, isolate risk and improve your business processes.
Shield serves as your early warning system by detecting malicious bots, fraudsters and other bad actors as they arrive on your site.
Monitor third-party data sources to benchmark your company’s performance including risk intelligence on payment methods, dark web data, IPS vulnerabilities and marketing channels.
Confirm users credentials through login scoring, multi-factor authentication or out-of-band applications.
E-Gifts as Digital Currency
Protect your digital gift cards as you would your cash. Because it is.
Fraudsters will go so far as to pose as airline rewards program representatives, emailing customers to asking them to update their loyalty program account information. The travel, gaming and virtual services industries are especially prone to points fraud and should be especially diligent in allowing users access to their accounts.
Controlled Growth
The Fraud.net platform is designed for fast-growth digital leaders. Integrate quickly, test aggressively, and reap the rewards of continuous improvement. We are not a vendor, but a partner and co-investor in your long-term success.
Working with a tight budget? Have a persistent problem that no one else has been able to solve? Ask us about our ‘Start up’ and ‘Performance’ programs.
If you are serious about controlling fraud, removing friction and exceeding your risk-adjusted revenue goals, then contact us today about the right solution for your organization.
