Fraud Prevention
Chargebacks 101: What Savvy Merchants Need to Know
A chargeback can be an important consumer protection, but it can also be a huge hassle for ecommerce businesses. If you’re a merchant, you’re probably already familiar with the chargeback process. If a customer is dissatisfied with a product they’ve been sent or service they’ve received (or if they failed to receive a product or…
Read MoreFraud Detection and Monitoring Strategy
Businesses face ever-growing threats from fraudsters seeking to exploit vulnerabilities and compromise financial stability. To effectively combat fraud and protect your online enterprise, you need advanced fraud detection and monitoring solutions. At IPS, we’ve worked with state-of-the-art technologies and tools to identify suspicious activities and patterns, ensuring our clients remain one step ahead of potential…
Read MoreComprehensive Risk Assessment
Fraud never stays the same, and fraudsters seemingly never sleep. So, relying solely on automated systems and out-of-the-box software solutions can leave your business vulnerable to significant revenue loss, customer trust erosion, and mounting fines from financial institutions. To effectively combat fraudsters and safeguard your enterprise, you need a comprehensive risk assessment that goes beyond…
Read MoreStrengthening Your Fraud Defense: The IPS Advantage
One of the key advantages of partnering with IPS is our deep fraud defense knowledgebase and unmatched expertise in fraud prevention. With two decades of experience in the field, we’ve honed our ability to understand and adapt to the unique needs of our clients. Even if you opt for an all-in-one fraud platform, our team…
Read MoreCustom Deployment: A Fraud Detection Solution
Fraud prevention is a critical concern for businesses in today’s digital landscape. With the rise of online transactions, companies are constantly seeking effective ways to protect themselves from fraudulent activities. Two primary approaches to address this challenge are the use of all-in-one fraud software platforms like those offered by CyberSource, Kount, or Sift, and the…
Read MoreEstablished-Account Fraud: When Bad Guys Get Sneaky
Most bad actors don’t like to wait around when committing fraud. They create an account and immediately make a fraudulent transaction. Time is money, even for bad guys. This type of fraud (new-account fraud) is prevalent in the ecommerce industry, and that’s because it’s the easiest type of fraud for bad actors to commit. Merchants…
Read MoreThe Dynamic Landscape of Online Fraud
The landscape of online fraud has transformed dramatically. As technological advancements enable seamless transactions, they also provide new opportunities for fraudsters to exploit vulnerabilities. Online merchants find themselves in a constant battle against online fraud losses, employing diverse tactics tailored to the specific types of goods they offer. This distinction is crucial, as the motivations…
Read MoreATO: The Threat of Compromise
When evaluating a fraud prevention strategy for your business, it’s important to consider the myriad of ways bad actors can attempt to defraud you. In a previous post, we discussed edge cases, which are customer transactions too complicated for a machine learning (ML) fraud prevention model to accurately decision. These edge cases are best handled…
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