The first option, NoFraud, is a fraud prevention system that uses AI models overseen by humans to make pass or fail decisions on orders. It can link to e-commerce sites like Shopify, BigCommerce, WooCommerce and Adobe Commerce and offers features like proactive review of high-risk orders and a 100% financial guarantee against fraudulent orders. NoFraud also offers managed services for chargeback disputes and customizable settings to fine-tune the checkout experience.
Another good option is Riskified. The company's AI-powered system helps e-commerce companies make decisions to maximize revenue and minimize fraud, evaluating more than 480 data attributes. Riskified offers Chargeback Guarantee, Policy Protect and Dispute Resolve tools to handle fraud and chargebacks. The company says it's helped customers cut fraud costs and increase transaction success.
FUGU is another option. The company's AI system evaluates transactions before and after checkout to spot complex fraud patterns like friendly fraud. FUGU offers features like initial risk profiling, payment monitoring and automated KYC validation. It can link to e-commerce sites including Shopify, WooCommerce and Magento. It's helped customers block a "substantial" percentage of friendly fraud and cut false declines.
Last, Ekata offers a global customer identity verification and fraud prevention system. Its machine learning insights can be used to verify customer identities and stop fraudulent activity like fake account creation and payment authentication. With tools like Identity Review 360 and Transaction Risk API, Ekata can help businesses onboard new customers without friction and optimize manual review queues.