News launches new fraud prevention tool against online fraud

Thursday 20 October 2022 14:51 CET | News

Cloud-based payments service provider has announced the launch of its Fraud Detection Pro tool, a fully flexible solution used to solve online payments fraud and optimise revenues.

As fraud continues to become more sophisticated, business globally face losses of over USD 20 billion in revenue. Altogether, by 2025, businesses are expected to lose USD 206 billion to payments fraud, with fraudsters effectively breaching existing defenses and finding new ways to go around merchants’ online security protocols.

Cloud-based payments service provider has announced the launch of its Fraud Detection Pro tool, a fully flexible solution used to solve online payments fraud and optimise revenues. 


What is Fraud Detection Pro

The latest tool from equips businesses with the necessary features to efficiently balance fighting fraud, maximising acceptance rates, and reducing friction for legitimate customers. The tool deploys a combination of machine learning and advanced rules, leveraging billions of completed transactions and allowing merchants to identify security alerts in real-time and, therefore, tailor their fraud response.

According to’s latest State of Retail report, 25% of the global ecommerce companies are facing rises in fraud attempts and chargebacks, which urges for more powerful solutions to deter fraudsters. 

New types of fraud, including bot attacks, account takeovers (ATOs), and synthetic identity fraud are not only emerging but evolving into more sophisticated schemes that target all verticals. Businesses who accept online payments should invest in robust systems to quickly identify and fight fraud, while reducing friction for well-intended customers.

The Fraud Detection Pro solution uses a scalpel and its own data and specific set of rules that turns into a fully customisable mechanism in the favour of merchants who can adjust to new threats in real-time. Moreover, merchants can build unique customer segments for an in-depth approach to assess and route transactions.

A time for innovations by

The announcement follows the company’s recent update to its Authentication solution which helps merchants fight fraud and optimise revenues, as well as the launch of Integrated Platforms, a flexible solution that supports both marketplaces and sellers in an evolving digital economy. 

The Fraud Detection Pro service is available for all merchants globally and represents one of the core solutions that stands behind’s expertise in the fraud prevention field. The company is a reputed payment service provider to global businesses that aims to mitigate fraud risk and enhance authentication, without adding unnecessary friction that might make well-intended customers to flee.

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Keywords: product launch, fraud detection, fraud management, online fraud, online security, identity fraud, payment fraud, account takeover, bot attacks, synthetic identity, chargebacks, online payments, merchant, cloud, cloud payments
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

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