Riskified is a fraud and risk intelligence platform that uses AI to optimize revenue and minimize fraud and policy abuse. It includes a Chargeback Guarantee, Policy Protect, Dispute Resolve, Account Secure, and PSD2 Optimize that offer advanced chargeback management and revenue recovery. By combining more than 480 data attributes with machine learning, Riskified says its customers have cut fraud costs 50% and boosted transaction success 1.5%.
Another good option is Forter, which offers real-time identity intelligence to reduce risk and increase customer lifetime value. Its services include fraud management, chargeback recovery and payment optimization that automate the dispute process and bolster evidence with cyber-intelligence. Forter has been shown to reduce chargeback rates 72% and false declines 46%, so it's a good option for e-commerce businesses.
Kount is another digital trust and safety service that uses real-time AI and machine learning to prevent fraud, manage chargebacks and verify identities. It builds detailed customer profiles and offers real-time authentication to thwart new account fraud and account takeover attacks. Kount is used by thousands of brands across many industries, so it could help you automate your chargeback handling and revenue recovery.
If you're looking for a more affordable option, check out NoFraud. The service combines AI models with human oversight to make pass or fail decisions on orders. It offers a 100% financial guarantee against fraudulent orders, proactive review of high-risk orders and customizable settings. NoFraud integrates with popular eCommerce platforms like Shopify and WooCommerce, so it's a good fraud protection option for e-commerce businesses.