Forter
Forter provides AI-powered fraud prevention and identity protection solutions for e-commerce businesses, offering guaranteed fraud chargeback protection.
Price: Premium
Description
Forter is a leading provider of real-time, AI-driven fraud prevention services for online merchants. It leverages machine learning and behavioral analytics to analyze every transaction and customer interaction across the entire customer journey, from account creation to checkout. This allows Forter to distinguish legitimate customers from fraudsters with high accuracy, approving more good customers and blocking fraudulent ones instantly. Its main use cases include preventing credit card fraud, account takeover, policy abuse, and returns abuse, thereby reducing chargebacks and increasing revenue. Forter targets large enterprises and e-commerce businesses that process high volumes of transactions. It stands out by offering a 100% chargeback guarantee on approved transactions, shifting the financial risk of fraud from the merchant to Forter, which is a significant differentiator in the fraud prevention market.
How to Use
1.Integrate Forter's API or SDK into your e-commerce platform or payment gateway.
2.Forter begins to analyze all customer interactions and transactions in real-time.
3.Forter's AI engine instantly approves or declines transactions based on fraud risk assessment.
4.Legitimate customers proceed seamlessly, while fraudulent attempts are blocked.
5.Monitor performance through Forter's dashboard and benefit from the chargeback guarantee on approved orders.
Use Cases
Preventing credit card fraud and chargebacksDetecting account takeover attemptsMitigating policy abuse (e.g., promo abuse, returns fraud)Improving customer experience by reducing false declinesIncreasing approval rates for legitimate customersProtecting against affiliate fraudSecuring new account creationsEnhancing overall e-commerce security
Pros & Cons
Pros
- AI-powered, real-time fraud detection with high accuracy.
- % chargeback guarantee shifts financial risk from merchants.
- Improves customer experience by minimizing false declines.
- Comprehensive protection across the entire customer journey.
- Scalable solution for high-volume e-commerce businesses.
Cons
- Integration can be complex for smaller businesses without dedicated IT resources.
- Pricing model is typically enterprise-focused and not transparently listed.
- Reliance on a third-party for core fraud decisions.
Pricing
Free trial: Not typically offered; pricing is custom for enterprise clients
Pricing is generally based on transaction volume and specific service requirements, determined through direct consultation.
FAQs
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