The German-Israeli payment security firm Fraugster has launched an artificial intelligence-based fraud prevention tool.
For traders, fraud prevention is an ongoing task and will remain unchanged in the future. has now brought a solution to the market, which addresses this topic.
Fraud prevention with artificial intelligence
The new fraud prevention solution, Fraud Free Product, aims to thwart future fraudulent attacks with the help of artificial intelligence. Max Laemmle, the German-Israeli company founder and CEO, commented on the current state of e-commerce fraud and explained how retailers will benefit from Fraugster's new product.
Fraugster assumes full liability
Traders are currently losing, on average, more than 1.5% of their annual sales to fraud. With Fraud Free Product merchants no longer have to worry about fraud, because Fraugster assumes full liability for every payment transaction. After the implementation of Fraud Free Product, Fraugster will pay the customer's losses immediately again, should their technology fail.
Fraugster's new product allows traders to focus on their core business as technology adapts to and adapts to new fraud trends. In addition to reducing operational risk, Fraugster's new tool also boosts sales by significantly reducing the false acceptance rate.
