For the eighth edition, Paladin has created a fraud prevention industry report with 15 solution providers for in-depth information—and researched an additional 40 solution vendors, to compile the most comprehensive snapshot of the fraud prevention industry to date.  The report uses six categories to group vendors. Fraud Platforms and Decision Engines User Behavior & Behavioral Biometrics 3DS and Consumer Authentication Device Identification & Recognition Identification and Data Verification Chargeback Management & Platforms You can read more about Accertify on 3D ..read more

As digital transactions become increasingly prevalent, businesses face a relentless battle against sophisticated cybercriminals. Mark Michelon, President of Accertify, stands at the forefront of this fight, leveraging his extensive experience in combating Card Not Present Fraud and leading global risk strategy efforts. In an exclusive interview with SafetyDetectives, Michelon offers valuable insights into the challenges and innovations shaping the future of fraud prevention and chargeback management. From the rise of “friendly fraud” to the transformative potential of emerging technologies, M ..read more

Leading UK Retailer to Leverage Accertify’s Machine Learning, Fraud Prevention and Chargeback Management Solutions Across its eCommerce Platform ITASCA, IL and LEEDS, UK, February 14, 2024 – Accertify, Inc., a wholly owned subsidiary of American Express, will help provide ASDA, one of the largest retail chains in the UK, with enhanced security across ASDA’s eCommerce transactions as part of the company’s digital transformation strategy. ASDA is updating its legacy systems to optimize operations across its network.  Accertify’s real-time machine learning models and automated refunds will e ..read more

Technology Leader in Fraud Prevention to Become Independent Entity Post-Closing MENLO PARK, Calif. and ITASCA, Ill., Jan. 16, 2024 /PRNewswire/ — Accel-KKR, a technology-focused private equity firm, today announced that it has reached an agreement with American Express (NYSE: AXP) to acquire Accertify, a wholly owned subsidiary. Accertify is a leading provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Accertify’s advanced technologies help protect many businesses and increase their operational eff ..read more

The Paypers Fraud Prevention in Ecommerce 2023 – 2024, Keeping Fraudsters Out While Balancing a Seamless Customer UX has been released and it has been made available for download. Accertify feature on page 77 and you can access the report here. Key topics include some of the year’s biggest trends such as identity theft and the use of synthetic identities, romantic scams, Authorised Push Payment (APP) fraud and GenAI fraud. The in-depth market research in the complex and ever-evolving fraud ecosystem, helps merchants and businesses understand the main weak points of online commerce and gaining ..read more

Accertify’s integration into the MoneyLineTM Platform enables PayNearMe clients to leverage a machine learning driven approach to identify threats, help reduce fraud and deliver a better player experience. SANTA CLARA, Calif., October 4, 2023 – PayNearMe, provider of the modern and reliable payments platform designed to manage the complexities of iGaming and sports betting, today announced a new technology offering with Accertify, Inc., a wholly-owned subsidiary of American Express. Integration of Accertify’s fraud prevention technology into PayNearMe’s MoneyLine Platform lets iGaming and spor ..read more

Retail eCommerce sales are forecast to grow from USD 5.7 trillion in 2022 to USD 8.1 trillion in 2026 (1), fuelling a rise in returns and, with it, a new wave of returns fraud. In the previous blog in this series, we talked about returns abuse and wardrobing. In this article, we’ll discuss refund fraud and the growing problem of unjustified item-not-received claims. Refund fraud is a growing problem for retailers just when they can least afford it. Pandemic lockdowns have been followed by high inflation, rising interest rates and an enduring cost-of-living crisis. In these circumstances, merch ..read more

Summer is well and truly underway, which means consumers have been ordering the latest looks for the season. That could mean a wedding outfit, clothes for a day at the races, or a new look for a week or two away. And it doesn’t just apply to clothing either. The majority of consumers will pay for what they order and keep it, but a fraudulent few will sidestep the expense by ordering the clothes they need, wearing them once or twice, and returning them to retailers afterwards. It’s a practice known as ‘wardrobing’, and it’s becoming increasingly common. And it’s not just special occasion clothe ..read more

Accertify is honored to be recognized as the Best Business Payments System Award-winner in 2023 by The PayTech Awards. According to their website, The FinTech Futures PayTech Awards are awarded to the “most talented companies and individuals in the paytech industry.” Winners were honored at the prestigious PayTech Awards event at Merchant Taylors’ Hall in London. The panel of judges had their work cut out for them, as they had plenty of entries, making it even more of an honor to be a winner. With 37 winners and 27 highly commended entries across categories like Best Bank & ..read more

Fraud can cause widespread damage to your eCommerce businesses. Of course, there are the fraud losses. But that’s just the tip of the iceberg. Account takeovers and mistaking legitimate shoppers for fraudsters can cause damage to your reputation, not to mention lost customers. The time it takes your fraud team to review the endless number of suspicious transactions can be a drain on resources. And with around 50% of businesses suffering fraud,1 no company is safe. For eCommerce businesses, payment fraud prevention is critical to growth. And with 2023 here, there are more advanced technologies ..read more