New Account Fraud
New Account Fraud is a concern to all organizations processing mobile transactions. Fraudsters use multiple techniques to commit new account fraud, including taking over existing identities or creating fake identities, resulting in millions of dollars lost for retailers. Unfortunately, existing prevention measures can create friction in the payment process — harming processors, credit card issuers and e-retailers alike.
Paygilant offers the most comprehensive combination of defenses against account takeover, helping reduce friction for existing and returning customers.
With Paygilant You Get?
Real-time responsiveness: Paygilant delivers real-time insight, so you can identify fraudsters before they breach transact and compromise your business.
• Full Integration with step-up verification vendors: For higher-risk accounts, you can verify transactions with integrated third-party identity verification orgenizations for an extra level of assurance.
• Detailed analysis and reporting: Paygilant provides visualizations and analytical reports that allow your security and fraud analysts to see and understand enterprise application activity, and take steps to improve security and reduce fraud.
• Rapid, lightweight deployment: The Paygilant Smart Decision Platform is a cloud-based solution, meaning you don’t need to add servers or additional infrastructure to protect account transactions.