Fraugster offers an artificial intelligence and behavioral analytics platform for online payments. It helps its users to protect fraudulent attacks and increase customers profits.
PRODUCTS & SERVICES:
Fraud protection API for online payments.
Fraud Free Product: It eliminates chargeback and provides a conclusive decision for every transaction. It is a completely automated solution which reduces the false positive ratio dramatically and brings acceptance rates to new heights.
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Payment service providers, online merchants and retailers. Some of the clients Ingenico Payments, Visa, Wirecard, Credorax, ePayments, Six Payments
PRIMARY PROBLEM SOLVED:
Anti-fraud solution for online/mobile transactions
Fraugster has an AI-powered fraud detection technology that learns from each transaction in real-time and claims to be able to anticipate fraudulent attacks even before they happen. Fraugster collects transaction data points such as name, email address, and billing and shipping address. This is then enriched with around 2,000 extra data points, such as an IP latency check to measure the real distance from the user, IP connection type, distance between key strokes, and email name match.
MEDICI analysts will analyze Fraugster soon
Insufficient information for accurate analysis
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company intends to use the funds to expand globally. (Nov. 2018)