Allows PSPs To Increase Revenue While Reducing Fraud Costs For Their Clients
Forter, the leader in e-commerce fraud prevention, announced the general availability of its Fraud Prevention Platform for Payment Service Providers (PSPs), enabling PSPs to manage fraud for their merchants. Forter’s award-winning platform accurately reduces fraud chargebacks while increasing approvals, and it delivers an exceptional, frictionless consumer experience.
“Fraud prevention is a critical component to the success of our payment platform, built around optimising conversion rates and reducing fraud for our customers”
As PSPs expand their offerings, they see the need to aggressively tackle fraud on behalf of their merchants. Legacy fraud prevention tools require significant integration and lengthen the time for PSPs to bring on new merchants. Poor performance of these solutions leads to material financial loss to their customers and churn within their merchant portfolio.
Read More: GlobalFintechSeries Interview with Nick Cowan, CEO of the GSX Group
“Fraud prevention is a critical component to the success of our payment platform, built around optimising conversion rates and reducing fraud for our customers,” said Lennart Koopmans, founder and CEO of Magnius. “Forter’s integrated platform provides incredibly fast and precise fraud decisions on all transactions and is fully scalable to support our rapid growth.”
The Forter Fraud Prevention Platform for PSPs provides:
- The most accurate fraud decisions in the industry, providing reductions of up to 90% in both chargebacks and false decline rates. With Forter’s chargeback guarantee.
- Fully automated approve/decline decisions in real-time, enabling seamless consumer experiences and eliminating the need for PSPs’ merchants to manually review transactions.
- A cloud-based solution that is simple to integrate, scalable, and continuously updated, offering PSPs’ merchants protection against changing fraud trends.
- A global solution that provides PSPs with the flexibility and capability to meet all of their merchants’ regional and country-specific compliance requirements, including 3-D Secure and other SCA methods for PSD2.
Read More: GlobalFintechSeries Interview with Ashish Singhal, CEO and Co-Founder at CRUXPay
