Forter’s Enterprise Fraud Prevention Platform Represents ‘World Class Innovation,’ Pioneers New Method to Managing Fraud and Abuse
London, UK. – seventh January, 2020 – Forter was named the chief in e-commerce Fraud Prevention and rated the very best for Innovation within the 2020 Frost Radar within the U.S. e-commerce Fraud Prevention Market. Compiled by main analyst agency Frost & Sullivan, the report highlights Forter’s real-time fraud safety know-how that protects retailers whereas delivering an optimum expertise in any respect client touchpoints.
“As e-commerce fraud continues to develop, the standard approaches to fraud prevention that concentrate on transactions are now not efficient in stopping as we speak’s refined fraudsters,” mentioned Vikrant Gandhi, Trade Director, Info & Communications Applied sciences, Frost & Sullivan. “Forter stands out within the business for its capability to ship a broad array of fraud prevention options, together with account safety, cost safety, and coverage abuse, defending the complete client journey with an enterprise-class platform.”
e-commerce Fraud on the Rise – Prevention Requires a New, Belief-Based mostly Method
World e-commerce gross sales are anticipated to surpass $four trillion in 2020, with the web atmosphere as the popular channel for fraudulent actions.
Along with bank card fraud, the Radar notes that knowledge breaches more and more expose delicate, private info of thousands and thousands of shoppers, which is getting used for account take over (ATO) fraud.
In response to the report, “defending retailers from e-commerce fraud by figuring out high-risk transactions and supporting and defending newer service supply experiences are the 2 key focus areas,” with a crucial emphasis on “the suitable steadiness between fraud administration, enterprise income enhancement and buyer expertise.”
Forter – The Way forward for e-commerce Fraud Prevention
Forter has pioneered the business’s solely resolution assessing belief at each level within the client journey. The Forter platform, which yearly processes greater than $150 Billion in e-commerce transactions, supplies essentially the most complete view of each legit client and fraudulent behaviour throughout enterprises and industries worldwide.
Forter’s aggressive strengths because the business Chief within the 2020 Frost Radar are pushed by:
- Forter’s capability to supply extremely built-in, data-driven and customisable implementations that defend companies throughout each stage of the shopper lifecycle in real-time;
- Forter’s huge international fraud community that has enabled it to accumulate the required knowledge important for delivering a breadth of differentiated providers natively on a single platform;
- Forter’s knowledge sciences group and fraud area consultants who feed the platform with new fraud assault strategies to maintain it forward of fraudsters.
“The way forward for commerce is reworking from transactions into relationships, each time, in all places. By assessing belief at each level of the shopper journey and leveraging our international service provider community, solely Forter can present retailers with the actual time intelligence wanted to cease fraudsters in actual time and allow the most effective client expertise,” mentioned Michael Reitblat, co-founder and CEO, Forter. “Being named because the chief within the Frost Radar additional validates our strategy in delivering the business’s solely enterprise-class platform that helps retailers construct deeper buyer relationships, eradicate fraud and unlock the promise of commerce primarily based on belief.”
To obtain a duplicate of the report, please go to www.forter.com/FrostRadar.
Forter is the chief in e-commerce fraud prevention, yearly processing over $150 billion in e-commerce transactions and defending over 600 million shoppers globally from cost fraud, account takeover, coverage abuse, and extra. The corporate’s identity-based fraud prevention resolution detects fraudulent exercise in real-time, all through all on-line client experiences.
Forter’s built-in fraud prevention platform is fed by its quickly rising World Service provider Community, underpinned by predictive fraud analysis and modelling, and the power for purchasers to tailor the platform for his or her particular wants. In consequence, Forter is trusted by Fortune 500 firms, iconic retailers, on-line journey companies, fast service eating places, on-demand providers, and fast-growing start-ups, to ship distinctive accuracy, a smoother consumer expertise, and elevated gross sales with tremendously diminished fraud.
Forter works with main enterprise manufacturers together with Nordstrom, Priceline, TGI Fridays, Instacart, and Away. The corporate is backed by $100M of capital from top-tier VCs together with Sequoia, NEA, and Salesforce. For extra info, go to www.forter.com.
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