Feedzai, a Europe-based fraud prevention solution provider, announced that its solution is now available for U.S. businesses. Feedzai will be offering the solution to U.S. retailers, payment networks and banks to help predict and prevent electronic payment loss in the omnichannel commerce universe.
Using Feedzai Fraud Prevention That Learns™ technology, the solution is designed to anticipate and detect fraud in the early stages, allowing for quicker reaction times to prevent greater losses during security breaches.
The solution provides data analysis in real time based on shopper behavior during purchases online or in-store. For retailers specifically, Feedzai is designed to cut down the time spent reviewing orders and reduce rejection rates during checkout.
“Consumers are buying across physical and digital channels and it is important for fraud prevention systems to work across all technologies, from legacy systems to new mobile card readers,” said Nuno Sebastiao, CEO of Feedzai.