Almost 28% fo all online retailer orders are affected by fraud. At Filltek we understand that the efficiency of the fraud management process has a direct impact on your e-commerce profitability, operating efficiency and scalability.
According to a report by Forrester Research, Inc, projected that online sales will reach $316 billion in 2010 and that e-commerce growth is expected to account for 12 % of total retail sales in 2010; up from nearly 7 percent from 2004. It is also believed that online merchants will lose $3 billion due to fraud.
At Filltek our comment is to provide fraud protection to our clients at the highest level by providing such tools as;
- Online payment authorizations
- Address Verification Services/Systems (AVS)
- Negative Files
- Risk prediction Techniques/Models
- Use of card verification codes (CVV, CVV2)
- Manual Reviews