What to Do Next:
As fraud-screening techniques and solutions become more advanced, so too do the techniques used to commit fraud. The nature of eCommerce fraud is continually adapting, and businesses who wish to successfully deal with fraud need show awareness to fraud trends, both in terms of execution and prevention. Organisations can make sure they are prepared by asking themselves the following questions:
- Is a disproportionate amount of your Fraud prevention budget spent on maintaining manual review team(s)?
- Are you making the best use of both customer and transactional data within your organisation?
- Does your fraud screening solution offer you the flexibility to assess transactions by channel and consider behavioural patterns in your customers?
Contact us now to find out how we could help find & implement the right Fraud Screening solution for your business.