{"id":6968,"date":"2023-09-13T10:00:00","date_gmt":"2023-09-13T10:00:00","guid":{"rendered":"https:\/\/businessyield.com\/tech\/?p=6968"},"modified":"2023-09-12T18:34:51","modified_gmt":"2023-09-12T18:34:51","slug":"forter-company-overview-features-more","status":"publish","type":"post","link":"https:\/\/businessyield.com\/tech\/reviews\/forter-company-overview-features-more\/","title":{"rendered":"Forter: Company Overview, Features & More","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

Forter platform is a top-class fraud prevention solution that helps online retailers meet operational challenges. It offers guaranteed, instant decline or approval decisions for every single transaction of the user by removing the burden and ambivalence of fraud. <\/p>\n\n\n\n

This tool is explicitly built to track all orders and ensure higher approval rates and easy-flowing checkouts. <\/p>\n\n\n\n

Forter is extremely useful as it acts as a fraud prevention tool for online retailers. The technology is especially helpful for retailers as it answers promptly on each payment transaction whether it is fraudulent or not. This tool utilizes behavioral data analysis and cyber intelligence to create fraud detection technology. It offers prompt and automated decisions as a service module to prevent fraud. <\/p>\n\n\n\n

Forter makes fraud prevention straightforward by terminating the requirement for manual scores rules or reviews. <\/p>\n\n\n\n

The platform’s main objective is to assist online retailers in preventing fraudulent activities from happening. To attain this objective, it makes the shopping experience secure and easier, which helps to improve revenue. <\/p>\n\n\n\n

Overview of Forter<\/strong><\/span><\/h2>\n\n\n\n

Forter is the leader in e-commerce fraud prevention, protecting over $150 billion in online commerce transactions for over 620 million consumers globally from credit card fraud, account takeover, identity theft, and more. <\/p>\n\n\n\n

The company\u2019s identity-based fraud prevention solution detects fraudulent activity in real-time, throughout all online consumer experiences. <\/p>\n\n\n\n

Forter\u2019s integrated fraud prevention platform is fed by its rapidly growing Global Merchant Network. This is underpinned by predictive fraud research and modeling, and the ability for customers to tailor the platform to their specific needs. As a result, it is trusted by Fortune 500 companies to deliver exceptional accuracy, smoother user experience, and elevated sales at a much lower cost.<\/p>\n\n\n\n

The platform’s Fraud Prevention Platform extension empowers merchants with the only enterprise-grade platform for managing fraud and abuse. The API-based extension provides merchants with fully automated and highly accurate real-time approve\/decline decisions, eliminating rules, scores, and manual reviews. The extension works by interacting mainly with the order and payment models, sending a transaction to Forter for validation to receive approval to invoice and capture, or declining which leads to canceling or further review. <\/p>\n\n\n\n

The configuration is flexible and certain merchants may adjust their store\u2019s backend codebase.<\/p>\n\n\n\n

Forter\u2019s extensions have no negative impacts on the merchant\u2019s site. Each merchant will be able to run and operate their business, as usual. This is augmented by leveraging Forter\u2019s exceptional accuracy which provides for a smoother customer experience and elevated sales.<\/p>\n\n\n\n

Forter’s Products<\/strong><\/span><\/h2>\n\n\n
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\"Forter\"<\/figure><\/div>\n\n\n

Fraud Management<\/strong><\/span><\/h3>\n\n\n\n

Fight fraud, increase approvals, and reduce chargebacks. Maximize revenue, approve more customers, and accelerate growth with instant fraud decisions. Reduce chargebacks and false declines by up to 90% and deliver a superior customer experience.<\/p>\n\n\n\n

Approve more with confidence<\/strong><\/h4>\n\n\n\n

Merchants can lose up to 75x more revenue to false declines than to fraud, so ensuring your fraud solution doesn\u2019t over-rotate on fraud prevention and delivers the highest approval rate is more critical than ever.

The Forter Decision Engine, powered by 1.2B+ identities in our cross-merchant dataset, makes instant assessments of trust at checkout. Our technology uses the speed of AI to make decisions, the sophistication of machine learning to detect patterns across vast datasets, and the savvy of fraud experts to continuously update our models. Eliminate false declines and allow more good buyers in while keeping fraud out.<\/p>\n\n\n\n

Eliminate fraud costs<\/strong><\/h4>\n\n\n\n

Don\u2019t let fraud impact your bottom line. Forter accurately identifies and blocks known and new fraudsters with similar patterns, ensuring you significantly reduce chargebacks and protect your revenue. You can further reduce chargeback costs by leveraging Smart 3DS to shift chargeback liability to the issuing banks.<\/p>\n\n\n\n

Unlock seamless scalability<\/strong><\/h4>\n\n\n\n

The Forter Decision Engine enables us to deliver accurate, real-time decisions for known and unknown forms of fraud in real-time so merchants can scale seamlessly to meet any burst in demand and accommodate growth without additional resources. Enter new markets, accept new payment methods, and support omnichannel experiences without increasing fraud.<\/p>\n\n\n\n

Support all payment methods<\/strong><\/h4>\n\n\n\n

Instant approve\/decline decisions on payment transactions. This includes credit, debit, and prepaid cards plus stored value payments, digital wallets, BNPL applications, bank redirects, bank transfers, and more.<\/p>\n\n\n\n

Chargeback Recovery<\/strong><\/span><\/h3>\n\n\n\n

Automate representment, streamline operations, and improve win rates. Combat chargeback fraud and increase win rates with fully automated chargeback recovery. <\/p>\n\n\n\n