Question: Is there a service that can help me increase revenue by automatically approving more legitimate customers while reducing fraud?

If you're looking for a service that can help you increase revenue by automatically approving more legitimate customers while reducing fraud, Riskified is a strong candidate. It uses AI to help ecommerce companies maximize revenue and minimize fraud, improving approval rates by 4-8 percentage points. The platform evaluates over 480 data attributes to make efficient risk management decisions, reducing fraud costs by as much as 50% and increasing transaction success by 1.5%.

Another excellent option is Vesta, which offers advanced risk scoring, machine learning, and artificial intelligence to make real-time decisions on transactions. Vesta's platform maximizes revenue by approving more transactions and eliminating fraud, offering features like a visual dashboard for monitoring transaction scores and tools to track approval rates and manage chargebacks. This makes it a versatile solution for eCommerce retailers and other industries.

For a comprehensive identity verification and fraud prevention solution, consider Ekata. It uses machine learning to verify customer identities and prevent fraudulent activities, helping businesses onboard new customers with confidence and optimize manual review queues. Ekata's tools include Identity Review 360 and Account Opening API, which are designed to prevent fake account creation and other types of fraud.

NoFraud is another valuable service that combines AI models with human oversight for accurate pass-or-fail decisions on orders. It offers a 100% financial guarantee against fraudulent orders and integrates with popular eCommerce platforms like Shopify and WooCommerce. NoFraud's proactive review of high-risk orders and customizable settings make it a solid choice for eCommerce businesses looking to increase revenue while maintaining strong fraud protection.