Just think for a moment how much time and money Internet retailers waste by reviewing orders they suspect of fraud. It could be hundreds of hours and tens of thousands of dollars (depending on the size of the merchant and the number of orders they process) each month in some instances.
Is there a better way? Of course there is!
Signifyd, a provider of a fraud protection solution for online merchants, announced that its real-time machine learning and financial protection capabilities are now available natively in the latest version of the Magento Commerce platform.
The integration will eliminate the need for sellers to separately purchase fraud scoring tools and provides more comprehensive protection from fraud, chargebacks and lowers operational costs in the process.
"With Signifyd, our merchants will enter a new era of payment security where every order is protected against fraud and chargebacks," said Andy Barker, Senior Director Strategy and Growth Global Payments at Magento. With Signifyd enabled within their Magento platform, merchants receive a 100% financial guarantee against fraud, allowing them to accept more transactions and ship orders faster during the busy holiday season.
Read more on Signifyd from Website Magazine:
