Forter

Challenges that Forter can solve

• Fraudulent damage

  ・ Since the rules are updated after receiving damage from the chargeback, it becomes a weasel game and the loss cannot be controlled (e.g. rule slippage)

• Lost opportunities

  ・Fraud deterrence (e.g., EMV 3-D Secure (3D Secure 2. 0)) or loss of sales opportunities due to false positives.
  ・Delays in shipping due to additional authentication to users or pending transactions

• Operating Costs

  ・ Workload of inspection of suspicious transactions and individualization of operations. Workload of setting and updating fraud rules.

• Exploitation

  ・ Promotion abuse by opening multiple accounts, resale damage of limited edition products, abuse of returns, etc.
  ・ Other account takeover and card testing damage

Forter Overview

• Reduction of fraud damage

  Patented machine learning models that utilize user behavior analysis to determine legitimate users and fraudsters with high accuracy.
  It minimizes cart abandonment (increased sales) without causing friction and authentication to regular users, and reduces fraudulent damage by accurately blocking fraudsters.

• Reduced opportunity loss

  When used in conjunction with EMV 3-D Secure (3D Secure 2.0), the approval rate is maximized by dynamically controlling the implementation of 3D Secure for each transaction risk and issuer.

• Reduction of anti-fraud workload

  In principle, transactions return OK/NG judgments in real time. By eliminating the need for visual confirmation of suspicious transactions, the workload such as visual inspection man-hours and dependency is reduced, and operations are fully automated. In addition, there is no need for business operations such as rule updates.

• Improvement of abuse damage and other

  We can also provide risk assessments related to abuse such as promotion abuse due to opening multiple accounts, resale of limited edition products, and abuse of returns. We will build a model that matches the business type and individual issues of the business operator and respond to individual needs.

Guarantee the effectiveness of introduction with contract

• We will ask you about the current loss (chargeback rate), approval rate (conversion rate), etc.
• We will guide you through the simulation of the effects after the introduction of Forter by the analysis of a professional analyst.
• contract promises to increase approval rates and reduce chargeback rates after implementing Forter. chargeback If covered, chargeback will be borne by Forter.

Simulation(1) chargeback compensation available

An 8 % increase in the approval rate increased sales by 180 million yen. Forter will bear the chargeback damages and eliminate the need for visual inspection, reducing costs by 3.8 million yen.

Simulation(2) No chargeback compensation

An 8 % increase in the approval rate resulted in an increase of 180 million yen in sales.
By promising the approval rate of Forter, the cost of chargeback is slightly reduced even before introduction, and the cost is reduced by 2 million to 3 million yen by eliminating the need for visual inspection.

* This is a simulation to make it easier to imagine the cost of Forter, and each number is tentative.