Fraud-Free E-Commerce on the Cheap
There are many e-commerce fraud solutions on the market, but many require extensive experience in fraud prevention. NoFraud offers its services per transaction, which it believes is significantly less expensive than full-service solutions.
Regardless of chosen vendor, the time to secure transactions is now. With EMV chip technology making transactions at brick-and-mortar stores more secure, Shoshanah Posner of NoFraud expects fraud will move online and merchants need to be prepared - advising retailers to proactively protect their businesses against the expected rise in cyberfraud and not waiting until they've been hit and then scramble for a solution.
NoFraud counts its competitors as Kount, Forter and Trustev, but believes the nature of the way its business operates will keep it competitive for years to come.
"Our algorithm use to prevent fraud is constantly being updated as fraud tactics keep changing," said Posner. "NoFraud is one step ahead, catching fraudsters as they strike."