Protect yourself from fraud!

Fraud is a part of your business that you rarely consider as an essential part until it comes crashing through your window

The types of fraud you can face differ depending on the type of business you are operating. If you are in B2B, fraudsters will most likely try to get access to your data. If you are in B2C, you can face friendly fraud, phishing, account takeover and many other very unpleasant scenarios. The requirements you have in terms of fraud are sometimes not enough to protect you from fraud which is why you should always be equiped with a performant anti-fraud solution, whether it is integrated in your payments platform or coming from a third party.

Anti-fraud solutions come in various forms: some focus on the online social presence of possible fraudsters (whether they are present on social media for instance). Others will use artificial intelligence to either try to understand the behavior of a fraudster or to stop a person from doing chargebacks. Then, you have systems like 3DS2 which are widely popular in Europe (even more since PSD2 made SCA mandatory) but not at all in North America. You need to have all these options on the table and select the one(s) that are better suited for your business.

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3DS

3 Domains Secure allows you to understand what an end-user knows (for ex. password ), something he has (for ex. device) and something he is (through biometrics). Sometimes seen as a conversion killer, the new 3DS2 version has been great (and cheap) for tackling fraud.
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Social Anti-fraud

Anti-Fraud tools based on the online presence of end-users are great at targeting most fraudsters which don’t have time to create a believable social presence but will show their limits when it comes to more professional fraudsters. At the same time, they can often be quite expensive.
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AI Anti-Fraud

Anti-Fraud tools based on AI are increasingly becoming a popular option to tackle fraud. They can be amazing at predicting the risk of fraud but they can also have a high level of false positives and might require a lot of data to be even remotely efficient.
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Friendly Fraud

As you can already imagine, these types of frauds are not as friendly as their name suggests. It consists of pretending you didn’t get what you payed for and asking for a refund.  It is especially hard to deal with it when it comes to digital goods, and you should find a solution fit for this type of fraud.

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Office Address

420A Chateauguay Street
Longueuil, Quebec
J4H-2K9 – Canada

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ABOUT US

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CONTACTS

420A Chateauguay Street
Longueuil, Quebec
J4H-2K9 – Canada
+1-514-613-22-03
[email protected]

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