If you're looking to lower false declines and boost revenue for your eCommerce business, Riskified could be a great option. The company uses AI to help businesses maximize revenue and minimize fraud and policy abuse. The platform can boost approval rates 4-8 percentage points and catch fraud 2-3 times better than competitors. Its suite of features includes Chargeback Guarantee, Policy Protect, and PSD2 Optimize, which provide advanced fraud protection and revenue recovery.
Another option to consider is Out of the Blue, an AI-powered revenue optimization platform. This tool continuously monitors and analyzes data to identify revenue leaks and optimize conversion rates. It offers features like real-time monitoring and user engagement insights, which can help eCommerce businesses cut costs and improve efficiency while driving top-line growth.
For a fraud prevention and revenue protection tool, check out NoFraud. It combines AI models with human oversight for real-time decision-making on orders. NoFraud integrates with popular eCommerce platforms and offers a 100% financial guarantee against fraudulent orders, proactive review of high-risk orders, and customizable settings to optimize the checkout experience.
FUGU is another AI-powered payment fraud prevention tool. It analyzes transactions before and after checkout to identify complex fraud types and avoid false declines. FUGU has been shown to block 51% of friendly fraud and reduce false declines by 42%, making it a good option for merchants who want to be able to accept payments with confidence.