Riskified
Fraud Prevention & Chargeback Fraud Protection by Riskified
Riskified offers a powerful AI-driven solution for effective fraud prevention and chargeback fraud protection, maximizing eCommerce profitability.
2024-09-08
59.4K
Riskified Product Information
Fraud Prevention & Chargeback Fraud Protection | Riskified
Unleash Your Ecommerce Growth
Leading ecommerce merchants trust Riskified to maximize revenue and profit with our AI-powered fraud management and risk intelligence platform. With Riskified, merchants can remove risk, block fraud, and expand their business while benefiting from accountable fraud management and risk intelligence.
What's Riskified?
Riskified is an innovative platform designed specifically for eCommerce merchants aiming to streamline their fraud prevention processes. Utilizing AI-driven analytics, Riskified empowers businesses to detect fraudulent activities efficiently, helping to mitigate chargebacks and enabling companies to focus on growth and customer satisfaction. By leveraging a vast global merchant network, Riskified forms a comprehensive approach to fraud detection and prevention, setting a new standard in the industry.
Features of Riskified
With Accountability, Achieve 594% ROI
Forrester’s TEI analysis revealed that merchants that shift fraud chargeback liability may attain significant return on investment. Riskified delivers measurable benefits, allowing businesses to realize up to a 594% ROI through its fraud prevention solutions.
Human Ingenuity, AI-Powered Scale
Empower fraud teams to grow approval rates by 4-8 percentage points with ecommerce expertise, machine learning, and automation. The combination of human insight and intelligent technology helps businesses enhance their operational capacity.
Precise Decisioning with 480+ Data Attributes
Riskified leverages more than 480 data attributes drawn from its extensive network to detect fraud 2-3 times better than competitors during rigorous testing. This precision ensures that legitimate transactions are approved quickly, while fraudulent behaviors are efficiently identified.
Use Case
Imagine an eCommerce platform launching a new product category. Riskified equips businesses with the tools necessary to confidently validate orders in milliseconds, allowing companies to enter new markets and expand without the fear of fraudulent activities. Companies like Wayfair and Booking.com have experienced success in operational efficiency and market expansion thanks to Riskified’s robust fraud prevention capabilities.
Customer Testimonials
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Michael Fleisher, CFO: "Riskified has enabled safe, fast, and seamless payments throughout our collaboration. We’re excited to see what opportunities we can unlock in the future."
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Trinidad Poisson, Sr. Manager, Fraud Prevention: "One of the biggest benefits is being able to get orders validated in milliseconds from the time they are placed."
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Dajana Gajic-Fisic, Leader of Ecommerce Risk Management: "We have reduced operational costs and have a holistic view of where our fraud is, giving us more time to focus on increasing sales."
How to Use Riskified
Step 1: Communicate Your Business Goals
Uncover opportunities to boost revenue, improve customer experience, and reduce fraud and abuse by discussing your specific needs with Riskified’s experts.
Step 2: Tailor Your Fraud and Abuse Strategy
Collaborate with Riskified’s fraud experts to develop a customized strategy that aligns with your business goals and objectives. This tailored approach ensures that your fraud management process is directly suited to your operational demands.
Step 3: Maximize Your Revenue
Experience the success of working with an accountable fraud partner dedicated to delivering long-term positive results. Riskified’s focus is on maximizing your revenue while minimizing fraud risk.
FAQ
What is chargeback fraud?
Chargeback fraud occurs when a customer disputes a legitimate transaction, leading to a reversal of funds. This is a significant challenge for eCommerce merchants.
How does Riskified prevent fraud?
Riskified employs advanced AI technology to analyze transactions in real-time, utilizing a vast array of data points to identify and block fraudulent activities proactively.
Can Riskified improve my approval rates?
Yes! Riskified can improve your approval rates by leveraging machine learning and automation to process transactions quickly while ensuring fraud protection.
Is Riskified suitable for all types of eCommerce businesses?
Yes, Riskified’s fraud prevention solutions are designed to cater to a wide variety of eCommerce businesses across different industries seeking to mitigate fraud risk while enhancing operational efficiency.
Take Risk Off the Table with Riskified
Discover everything you need to know about fraud prevention tailored to your business needs. For more details, let’s talk and explore how Riskified can help your eCommerce venture thrive.