A Better Way to Prevent Fraud

  • Fraud Prevention

Mobile payments and online shopping is changing the consumer buying experience and altering their habits. The innovation in technology makes it possible to buy whatever you want, whenever you want. Not to mention, the more connected consumers get with each other through mobile devices the more dependent theyll become on technology. Customer-not-present transactions are becoming the norm for many retailers and businesses. As a result, businesses are increasingly finding way to interact with customers where neither party is physically located in the same place. With this there is substantial opportunity but also a lot of complications.

Identity Verification and Fraud Prevention

Identity verification has grown into a global process. As businesses evolve so do fraudsters. They are constantly changing their tactics making it imperative that organizations do so as well in order to stay ahead of new fraud trends. By being innovative about your fraud prevention plan you can better defend your business and customers. Proving an identity is no longer sufficient given the sophistication of fraudsters. Organizations should partner with a fraud prevention solution that goes well beyond simple identity verification in order to detect and deter fraudulent activity. Make sure the program you choose easily configures to your current strategy and is flexible for the future when identity verification and fraud could go head-to-head. Solutions like IdentiFlo Management Platform allows the flexibility to quickly make changes that directly controls the approval/decline process without having to rely on IT resources or customer service.

Staying connected and collaborating with industry experts is a great way to facilitate trends and ideas. The key to successful fraud prevention is utilizing a solution that works while also making connections that can act as a resource for monitoring fraudulent trends and activity. EVS is here for you and can help you fight against fraud.

[Contributed by EVS Marketing]