Online payment fraud costs businesses billions of dollars each year, not just in fraud loss, but in administrative overhead as well.
With the explosion in eCommerce transactions comes a corresponding rise in fraudulent transactions.
According to Forrester, merchants pay $200 billion to $250 billion in fraud loss annually. Implementing a fraud management solution enables you to:
- Maximize revenues through improved detection rates and fewer chargebacks and false positives
- Simplify and combine all fraud prevention processes and procedures
- Securely integrate fraud without exposing raw credit card data in the merchant environment
- Automate manual processes and drive down administrative, personnel and IT costs