Fraud Detection Prevention

Fraud Detection & Prevention

In today’s ever-changing business environment, fraud is a serious concern to companies of all sizes and in all industries. Businesses lose around 5% of their yearly profits to fraud, according to the Association of Certified Fraud Examiners. This concerning figure emphasizes how important it is to put in place robust fraud detection and prevention strategies. By enhancing methods to identify and stop fraud, Certified Management Accountants (CMAs) significantly contribute to the improvement of financial audits. We will explore this in this blog.

Enhanced payment fraud protection with Fintel Defence

Protect legitimate consumers while successfully spotting fraudulent activities across the whole payment processing process.

Unlock 99.5% Accuracy

Increase your precision to an unprecedented level. With the help of more than 70 signals gathered from devices and browsers, we create a precise visitor ID. When personal information is unavailable, use Fintel Defence technology to combat fraudulent payments. Any machine-learning model may easily incorporate our strong raw device and network signal combination, giving you the ability to quickly and effectively identify transactions that pose a risk.

Create seamless, secure payments

The detection of payment fraud has never been easier. When processing payments, you can identify and alert fraudulent individuals using Fintel Defence’s unique visitor identity. By examining important signs like the use of incognito mode, virtual machine activity, or tampering attempts which are frequently linked to transaction manipulation you may create alerts to identify anomalies and safeguard your system.

Detect suspicious transactions

Fintel Defence works seamlessly in the background, minimizing disruptions and ensuring a smooth experience for your valued customers. By reducing false positives, it lowers the chances of legitimate transactions being incorrectly flagged as fraudulent, improving the overall user journey. With over 70 signals collected including device configuration, browser settings, and behavioral patterns. Fintel Defence provides accurate user identification.

Protect against all types of payment fraud with Fintel Defence

Chargeback fraud

Protect your business from fraudsters disputing legitimate transactions. Since chargebacks typically happen after a purchase, Fintel Defence’s device identification enables you to detect high-risk transactions in advance. Leverage the enduring reliability of our visitor identifier to stay a step ahead.

Coupon and promo abuse

Stop the loss of profits brought on by unfair promotion abuse. By using proxies or VPNs to create numerous fictitious identities, some users may take advantage of savings. You can reliably identify these users with Fintel Defence’s 70+ sophisticated signals—even without the need for cookies or the ability to detect incognito mode.

Card testing

Recognize patterns, such as a single device being used for several cards or quick transactions coming from several IP addresses? Even when users attempt to hide their activity by changing their IP address or fiddling with their devices using automation tools, Fintel Defence can still detect these behaviors.

Card cracking

Stop fraudsters from routinely examining cardholder payment information in an effort to find legitimate combinations for theft or illegal transactions. Fintel Defence gives you the ability to recognize and flag these dubious accounts, allowing you to apply 2FA/MFA and limit the number of permitted attempts.

Friendly fraud

Genuine users may contest payments even after receiving a good or service. This type of payment fraud can damage a merchant’s reputation and be costly. Such users can be easily flagged to lower the likelihood of chargebacks in the future.

Mobile payment fraud

Using a variety of mobile-specific smart signals, Fintel Defence make it easier to alert problematic customers. We offer SDKs for both natively generated apps and those created with multi-platform frameworks to facilitate integration with mobile apps.

Protect against all types of payment fraud with Fintel Defence

Fraud is a persistent threat to businesses of all sizes. Protecting both your business and your customers from fraudulent activities is essential for securing your assets, reputation, and day-to-day operations. In this article, we explore the complex landscape of fraud prevention—what it involves, why it’s critical, and how it protects your business.

Our goal is to offer a thorough understanding of fraud prevention and its importance to business success. We’ll examine the various fraud risks companies face and the strategies they can adopt to minimize them. From implementing anti-fraud policies to utilizing advanced software powered by artificial intelligence and machine learning, we’ll highlight the tools and tactics that enable businesses to detect and combat fraudulent threats.

What is fraud detection and why is it needed?

Fraud detection involves identifying fraudulent activities or attempts to prevent financial losses for both businesses and consumers. Having a robust detection system is crucial to safeguard against these threats.

Common types of fraud include credit card fraud, identity theft, account takeovers, and phishing. These activities can lead to significant financial damage, making it vital to recognize the signs of fraud and understand how to prevent it.

When considering detection capabilities, it’s important to have a system that can spot potential threats. This system should be able to monitor data and activity across all channels—online, in-person, and over the phone—to ensure comprehensive protection.

Corporates & Banks

Law Enforcement

Education

Corporates