PUBLISHER: QKS Group | PRODUCT CODE: 1445883
PUBLISHER: QKS Group | PRODUCT CODE: 1445883
Quadrant Knowledge Solutions Reveals that E-commerce Fraud Prevention Market is Projected to Register a CAGR of 20.47% by 2027.
The eCommerce fraud prevention solution is a specialized fraud detection and management solution targeted at eCommerce merchants and payment processors. It offers comprehensive real-time risk monitoring and analysis of all transactions and identify internal and external frauds covering all users, accounts, and channels by driving a risk-based strategy. An eCommerce fraud prevention solution detects and prevents fraud in real-time to improve order acceptance rate, reduce chargebacks, prevent customer abuse, and improve overall revenue. The primary focus of such a solution is on enhancing customer experience and provide confidence to merchants and payment processors to focus on revenue optimization strategy rather than on fighting fraud. In addition, advanced fraud prevention platforms are powered by emerging technologies like artificial intelligence and machine learning to reduce losses through faster detection and prevention of emerging fraud.