March 11, 2017
March, 2017 - International payment processor, Maxpay, announced the launch of their fraud prevention solution Covery. Covery helps merchants to protect their online business from various types of fraud and reduces operational overhead by up to 95%.
When a merchant has a weak anti-fraud system he doesn't only lose profit, he also should be ready to deal with the following issues:
· Fraud alerts and chargebacks
· Penalties and sanctions from Visa/Mastercard
· Manual reviews of transactions
· Lower conversion
· Customer complaints
Covery brings together event chain analysis, feature engineering, rule management and machine learning to obtain the most accurate results. The solution is fully customizable and suitable for any industry, merchant business model or traffic source.
Covery currently ...