The Best Ecommerce Fraud Prevention Software
Ecommerce, which revolves around selling items or service online instead of at brick and mortar stores, has completely transformed the way companies sell today. In fact, it’s become a more common way to sell and the numbers only back up that statement. For instance, by 2020, ecommerce sales are expected to increase to $4 trillion. This is due to the fact that it comes with so many advantages including, but not limited to, the elimination of a physical store, inventory management, the need for less staff, the opportunity to sell at all times, offers a wider selection, and it’s easy to customize. However, that being said, it’s also susceptible to both fraudulent and suspicious transactions due to the fact that orders are made online via a computer or a mobile device. However, fortunately, it’s possible to deal with those risks.
Ecommerce fraud prevention software assists ecommerce companies with identifying high-risk transactions and it analyzes risk factors to both avoid and decrease fraudulent customer behavior. Ecommerce platforms can either purchase a third party software, or they may offer their own fraud prevention software. Today, there are many to choose from on the market, making the selection process more difficult. However, we’ve taken the time to pick and choose some of the top ones to help ease the process. Who knows, maybe you’ll even end up selecting one of them!
Ecommerce Fraud Prevention Software
Zonos
This is a SaaS-based business that delivers cloud-based technologies to create a checkout built for cross-border. Integrating with them will offer your customers a localized shopping as well as checkout experience that comes with a landed cost, translation, and however many shipping options that you’d like. They strive to fix any complicated cross-border issues via technology instead of logistics that way you are able to hold onto your margins, stay competitive, while grow immensely via both your ecommerce platform as well as global marketplaces.
SoftwareKey Licensing System
This software offers copy protection, license management, as well as online sales automation for businesses. A few benefits to using this software includes its reliability, opportunity for lots of customization, as well as solid client service. A few of their features include a central LM server, copy protection, history tracking, node management, online activation, portable licensing, timing rights, as well as a trial license.
Iovation
This software helps protect your business while improving your brand at the same time by combining smart fraud prevention along with a seamless customer experience. They provide users with several tools in order to secure and protect their site. ClearKey is a device-based authentication tool that decreases friction for users by instead, offering them a transparent and smooth web experience. LaunchKey is a multifactor authentication tool that leverages adaptable as well as risk-based multifactor authentication in order to make sure that online accounts are secure. With the FraudForce prevention tool, you can put an end to fraud in real time with the device recognition technology and the global network that they have which has more than 40 million confirmed fraud cases. Lastly, with SureScore, you can predict whether or not a transaction can be trusted or whether it’ll turn fraudulent with the help of machine learning as well as analytics.
Riskified
This software offers advanced ecommerce fraud prevention tools to meet your wants and needs. This end-to-end solution guarantees higher approval rates, which boosts ecommerce sales, as well as guarantees a 100% chargeback on every approval, which lowers your management costs since the number of tools is decreased. On top of that, it guarantees instant decision making. Their fraud review is fast and frictionless, so SLA requirements are met while customers are satisfied.
Shopping Cart Elite
If you haven’t found an ecommerce platform yet or are looking for an ecommerce platform that comes with a fraud prevention software, then Shopping Cart Elite may be just the solution for you. After all, you won’t need to make an extra purchase for the software as it’s already a part of the platform. Let’s break down all of the features that they offer in order to ensure that your company and your customers work in a safe and secure environment.
SCE is great if you’re worried about PCI compliance or any kind of personal data breaches. It’s a secured bank vault solution that lets you hold onto credit card information or any other financial data securely and away from the eye with the help of tokenization technology. This platform has passed a PCI compliance audit and all of the financial data is stored in a Level 1 PCI Compliant Data Center by using the one-way encryption from SCE, that way there’s no liability of getting credit card information stolen. It’s also hacker safe as SCE constantly looks after any of the incoming website traffic from each client site and it protects them against any threats such as cross-site scripting, SQL injection, comment spam, and unauthorized bot crawling, just to name a few. Additionally, as soon as you start working with the platform, you automatically get signed up for the Cloudflare Pro version, which makes your site faster as well as more secure.
Also, data won’t ever be lost with their live backups that run on every one of their servers. They’ve even got a disaster recovery plan that’ll let businesses get their site back online with the help of Amazon Web Services and it’ll stay there until the recovery is done. The platform is also capable of detecting and then blocking DDOS attacks.
Conclusion
If you haven’t yet gotten your own ecommerce solution, then you should definitely give Shopping Cart Elite a try. With the free trial, you can test out all of the features offered, while ensuring constant security and protection. However, even if you are already using a different ecommerce solution, but want to switch because you aren’t happy or don’t want to keep paying extra for third-party applications, for instance, then you can switch to Shopping Cart Elite. They can make the transition very simple and painless.