Have you ever asked yourself why is fraud detection software so popular and important nowadays? If you are a merchant, you’ll definitely know the answer. Online business is flourishing in Europe, in the USA and all over the world. Simultaneously fraudsters and cyber criminals create numerous ways to stole the personal data and then money from accounts. For a protection risk management software is developed. One of best solutions at the market is Covery fraud detection system. Let’s discuss it closely.
Covery provides fraud detection software since 2016. Through the five years the company have been working with different businesses solving fraud cases and implementing risk management software in everyday life of online merchants.
All the complex anti-fraud tasks can be relatively easy solved by its tools. Namely, this fraud detection software is reliable and trustworthy because of:
Trustchain
The fraud detection system is based on 12 user identifiers and their reputation records, including emails and their domain, cards and other types of ID, phones, IPs, IBANs, etc. This powerful tool highly decreases the number fraudsters up.
Device Fingerprinting
In this part fraud detection software collects data from the devices of users through all the transactions. Therefore, it provides protection against attacks of bot, fraudulent traffic, stolen identities and other kinds of fraud.
Machine Learning
Modern risk management software is able to create a special risk logic for every client. It analyzes all the process and transactions to provide the most suitable protection.
Automation of KYC/KYB/AML
Earlier anti-fraud solutions proposed manual KYC, but with Covery.ai it is fully automated and really fast. That means that cyber criminals do not stand a chance to stay unnoticed.
Analysis and Complete View
This fraud detection software analyses all the stages of online purchasing: starting from installation and registration and till the end of transaction. All the data are processed together and integrated within a full report, which is highly convenient for decision-making and further anti-fraud solutions choosing.
Advanced Reports
For your business purposes fraud detection software can also check the efficiency of existing rules, make a prediction about what you should use, analyze the transactions. That will protect and secure the business while you’ll pay reasonable and affordable price for the service.
If you really want to protect your company and never become a fraud victim, pay attention to fraud detection software from the very beginning. Together with Covery fraud shall not pass!
OTS News on Social Media