Riskified

AI Fraud Prevention for eCommerce

Riskified is an AI-driven fraud prevention solution designed to protect eCommerce businesses from fraud while ensuring a seamless customer experience.

Riskified uses advanced machine learning and data analysis to identify and block fraudulent transactions, preventing chargebacks and other forms of financial loss. With its real-time fraud detection, Riskified helps eCommerce merchants confidently accept more orders while mitigating risks associated with fraud.

Key Features of Riskified

• AI-Powered Fraud Detection: Riskified's machine learning algorithms analyze transaction patterns to detect fraudulent activity in real-time.
• Chargeback Prevention: Riskified helps businesses reduce chargebacks by accurately identifying legitimate transactions and flagging suspicious ones.
• Seamless Customer Experience: Fraud detection is invisible to customers, ensuring that legitimate transactions are approved quickly and without friction.
• Real-Time Decisioning: Riskified provides instant decisions on transactions, allowing merchants to accept or reject orders without delays.
• Comprehensive Data Analysis: Riskified uses a vast dataset of historical transaction information to improve its fraud detection models, ensuring high accuracy.

Applications of Riskified

• eCommerce Transactions: Riskified helps online retailers protect their stores from fraudulent transactions while ensuring that legitimate orders are processed quickly.
• Chargeback Management: Merchants can reduce chargebacks by using Riskified's fraud prevention technology to accurately distinguish between legitimate and fraudulent transactions.
• Subscription Services: Riskified is ideal for businesses with recurring billing models, where fraud prevention is crucial to minimize losses and maintain customer trust.
• International Payments: Riskified enables global eCommerce businesses to safely accept international payments without the risk of fraud from different regions.

How Riskified Works

1. Transaction Analysis: When a customer makes a purchase, Riskified’s AI system analyzes the transaction in real-time, using data points such as device information, purchase history, and behavioral patterns.
2. Fraud Detection: The system flags any potentially fraudulent transactions based on patterns identified in the data and compares them to previous fraudulent activities.
3. Decisioning: Riskified provides merchants with an immediate decision to approve, decline, or review the transaction, all while ensuring a seamless experience for legitimate customers.
4. Chargeback Protection: Riskified guarantees chargeback protection by ensuring that fraudulent transactions are accurately identified before they are processed.
5. Continuous Learning: The AI model continuously learns from new data to improve its accuracy and adapt to emerging fraud trends.

Why Choose Riskified?

Riskified provides eCommerce businesses with the confidence to accept more orders while protecting against fraud. By leveraging advanced AI and machine learning technology, Riskified ensures that businesses can safely scale their operations, reduce chargebacks, and enhance their customer experience.

FAQs About Riskified

What is Riskified?

Riskified is an AI-powered fraud prevention platform designed to protect eCommerce businesses from fraud while improving order approval rates and reducing chargebacks.

How does Riskified detect fraud?

Riskified uses machine learning algorithms to analyze transaction data and identify fraudulent patterns. The system assesses risk factors in real-time to prevent fraudulent activity.

How quickly does Riskified make decisions on transactions?

Riskified provides real-time decisioning, allowing merchants to approve or decline transactions instantly without delays.

Can Riskified be used for global eCommerce transactions?

Yes, Riskified supports international payments, enabling businesses to safely accept transactions from customers around the world.

What happens if a fraudulent transaction is not detected?

Riskified offers chargeback protection, meaning that merchants are covered in case any fraudulent transactions slip through the system.