Question: I'm looking for a platform that optimizes authorization rates and minimizes false declines for online transactions.

If you're looking for a platform that maximizes authorization rates while minimizing false declines for online transactions, Forter is a great option. It provides real-time decisions for every customer interaction, backed by AI and machine learning. Its Fraud Management, Payment Optimization, and Chargeback Recovery tools help prevent payment fraud, increase authorization rates and automate the dispute process. The platform has been shown to reduce chargeback rates by 72% and false declines by 46% on average.

Another option is Riskified, which combines AI and ecommerce expertise to maximize revenue and minimize fraud and policy abuse. It analyzes more than 480 data attributes to make decisions and offers tools like Chargeback Guarantee, Policy Protect and Dispute Resolve. With Riskified, businesses can see results like a 50% reduction in fraud costs and a 1.5% increase in transaction success.

IBM Security Trusteer also has a powerful option with real-time fraud detection and identity risk assessment. It uses AI and machine learning to authenticate customers and protect against malicious users across all channels. The platform includes tools like Trusteer Pinpoint Detect and Trusteer Pinpoint Assure, which continuously assess user behavior for fraud risk, with a 156% ROI and fraud detection rate of over 90%.

If you prefer a multi-layered fraud prevention approach, check out Vesta. It combines advanced risk scoring, machine learning and AI to make accurate real-time decisions about transactions. The platform offers Payment Protect and Payment Guarantee, which can help ensure transactions are secure regardless of payment method. Vesta's real-time risk assessments and user-friendly console help you manage chargebacks and approval rates to maximize revenue and customer satisfaction.