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Forter's Fraud Prevention Platform is now available to PSPs

Wednesday 13 May 2020 10:46 CET | News

Ecommerce fraud prevention company Forter has revealed the general availability of its Fraud Prevention Platform for payment service providers (PSPs).

Via this initiative, PSPs are enabled to manage fraud for their merchants. Forter’s platform reduces fraud chargebacks while facilitating approvals, and it delivers a frictionless consumer experience. The integrated fraud prevention platform is powered by ML, fraud expertise, and a growing global data network. Through direct integration PSPs can create an additional revenue stream by offering fraud prevention either as a value-added service or as a white-labelled product. 

The Forter Fraud Prevention Platform for PSPs provides:

  • Accurate fraud decisions in the industry, providing reductions of up to 90% in both chargebacks and false decline rates;
  • Fully automated approve/decline decisions in real-time, enabling seamless consumer experiences and eliminating the need for PSPs’ merchants to manually review transactions;
  • A cloud-based solution that is simple to integrate, scalable, and continuously updated, offering PSPs’ merchants protection against changing fraud trends; 
  • A global solution that provides PSPs with the capability to meet all of their merchants’ regional and country-specific compliance requirements, including 3-D Secure and other SCA methods for PSD2. 

 


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Keywords: Forter, fraud prevention, payments, Service Providers, ML, fraud prevention, chargebacks, false decline, merchants, fraud trends, 3DS, SCA, PSD2
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions