4 Steps to Start Reducing False Declines
The bad news for e-commerce merchants, consumers, and financial service providers is that losses from e-commerce fraud are projected to hit $6.4 billion in 2021. But wait, it gets worse. Losses from false declines will likely reach $443 billion—almost 70 times more.
What does this mean for merchants’ and financial institutions’ fraud prevention?
Download now to find out what triggers false declines and how to:
- Increase data completeness
- Detect synthetic identities
- Increase order accuracy
- Accelerate decision speed