Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!
Fraugster is a payment data analytics company that developed a proprietary AI technology which helps online merchants maximize their revenues while reducing their operational costs. Fraugsters main focus is fraud prevention and it serves clients across industries such as retail, travel, gaming, and more. We are currently looking to fill a number of positions! Find out more here: https://fraugster.com/jobs/
How is AI Maximizing Revenue and Minimizing Fraud
Fraugster offers an artificial intelligence and behavioral analytics platform for online payments. It helps its users to protect fraudulent attacks and increase customers profits.
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.
Assumes the company charges small amount of fee per transaction.
Payment service providers
online merchants and retailers. Some of the clients Ingenico Payments
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.
$33.33 M in 2017
Fraugster is handling almost $15bn in transaction volume for several thousand international merchants and payment service providers, such as Visa (Jan 2017).
Sign up for 7 days free trial with MEDICI Inner Circle to follow and track profiles you care about.