Payment Fraud

78%

of companies report being victims of payments fraud

6%

of account holders switched banks in 2017 over security concerns, whether they’ve experienced fraud or not.

$100 Billion

per year in global fraud losses

Performance

The Many Faces of Payment Fraud

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Payment fraud takes many forms, but leaves you, the digital organization, with the loss. Credit cards, still the predominant method of payment on the web, generate over $100 Billion per year in global fraud losses. New and alternative payment methods often have much higher fraud rates as they are introduced since controls are not yet fully established and merchants are dealing with new processes.

Using a full suite of identity services, intelligence from Fraud.net’s global network, and AI tools and models, it is possible to detect fraud with high precision in real-time.

The Speed of Digital Payments

New digital methods are redefining the payments ecosystem. Payment applications make it easy to move money around the world at unprecedented speed. As more and more retailers are adopting these forms of digital payments, they have forced banks and financial entities to adopt alternative payment options. The new convenience of digital payments also brings new opportunities for fraudsters, which in turn presents new challenges for fraud investigators.

Operational Excellence

Differentiating your product is the most certain way to command a price premium, increase customer loyalty and protect market position. Given the #1 customer concern across all digital industries for 15 years in a row is ‘identity theft’, the obvious feature to emphasize to your customers, and value proposition to articulate, is a thoughtfully-architected and technologically-sophisticated anti-fraud system.

Fraud.net is your end-to-end fraud prevention & customer protection platform. We’ll have your enterprise up and running in a matter of weeks. Or if you are looking for a singular service, you could be testing in hours.