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Every e-commerce business deals with Fraud and Chargebacks. For some, it’s the cost of doing business and can be handled with little effort. However, for many businesses, managing fraud is still a very manual process, cutting into the bottom line due to chargebacks, manual review and lost revenue due to wrongly declined transactions. Automating the manual review and fraud prevention process with a cloud-based fraud solution such as Signifyd, solves all of these issues and more.
1. Decrease Manual Review by 80%: Do you spend hours looking up Google, Facebook, and other sites? Signifyd scours the web and combines public records, the social graph, device fingerprints, IP geolocation, proxies, issuing banks (BIN), cross merchant blacklists, search engines, maps and more. Reduce manual review time by 80% - Signifyd provides you with a single score telling you if a transaction looks risky with all the raw data to help in your manual reviews.
2. Increase Revenue by 20%: Do you decline good transactions, from international customers, or different bill-to and ship-to addresses, because you are afraid they may turn out to be fraud? With Signifyd, you’ll never have to decline a transaction again. And if you’re interested in the Guaranteed Payments program, you’ll be paid back if Signifyd ever makes a mistake. Think of it as insurance for e-commerce, or FraudSurance!
3. Reduce Fraud and Prevent Chargebacks to less than 1%: Dealing with a lot of chargebacks? Signifyd will detect when a fraudster buys something at your store and notify you immediately. You’ll have access to the same Enterprise Grade technology in use by top Fortune 1000 merchants.
4. Integrate in Minutes not Hours/Days with no upfront Fees $$: Not very technical or don’t have developer resources? Signifyd integrates with your Magento store in minutes. There’s no API and no developer resources needed. Simply install the Signifyd extension through Magento Connect and you’re ready to go!
Magento is proud to announce Signifyd, one of the most widely adopted fraud prevention platforms, as a Silver Industry Partner. In the ever-changing world of e-commerce, it’s become clear that growing revenue while reducing costs is a critical part of a CEO’s toolkit and will only continue to grow in importance.
"This app has been a tremendous addition to our order processing workflow. With order-processing time growing - its hard to make time to check for fraudsters. With Signifyd, they completely automate it and do all the hard work for you. It feels like they deeply check each person and give you the tools you need to decide on your own, if you so choose. Other services like this give you complicated data. Signifyd makes it simple, yet they show you all the data that they use to back up their decision. Not to mention, their customer service is awesome!"
"Signifyd is changing the game when it comes to fraud detection. The company is run by innovative people who know the industry and I have no doubt the product will be at the forefront of anti fraud tools for ecommerce companies. With the Insight from Signifyd, we were able to reduce our verification calls by 15-20-% and on average able to fulfill 15% more orders. Incredible. Best of luck to the wonderful folks over at Signifyd."
"We sell high end jackets at Isaora and have experienced increasing levels of credit card fraud both domestic and international. Prior to Signifyd, we did all of our research online using maps, search engines, social networks, whitepages and other sites. With Signifyd, we are notified of a risky transaction almost instantly, so we can focus only on those transactions that need to be reviewed. The system is completely automated and their customer service is terrific. If you are worried about Chargebacks, decline a lot of international transactions, or are spending too much time reviewing transactions, I'd highly recommend their service. We've used other fraud services before, but we've not seen anything as simple with all the rich information returned."
Sign-up now to get started using Signifyd on the Magento eCommerce platform please. There’s a 2 week free trial – Signifyd is confident you’ll see the value in your first 72 hours! Magento Connect: Signup
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