Worldpay has launched a risk management tool to combat fraud and help online businesses operate more efficiently.
Named RiskGuardian, it was developed in partnership with ecommerce merchants across the globe and offers accurate risk checks to increase the acceptance of good transactions and minimise fraudulent ones. Running more than 200 checks per second on each transaction, it identifies emerging fraud patterns, meaning it can cut fraud losses by more than 50 per cent.
Quick to implement, WorldPay said that RiskGuardian limits IT expenditure and reduces administration time.
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