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News

On line fraud protection improves turnover at CompuVest.

FraudSciences : 27 November, 2007  (Application Story)
Using transaction approval software from FraudSciences, CompuVest gains more confidence from users of its online computer equipment shop and improves sales.
FraudSciences has announced that CompuVest, an internet leader in low-cost computers, computer parts and electronics, has doubled its international sales as a result of utilising FraudSciences' fraud protection services.

"Before using FraudSciences for transaction approvals, CompuVest had to decline many orders that appeared risky but were most likely legitimate," said Mark Rogers, international sales manager for CompuVest. "We knew the business was missing out on considerable profits as a result, but because online merchants are responsible for fraud charge-backs the company couldn't take the risk. With FraudSciences fraud protection technology, however, CompuVest approves more orders worldwide and has doubled the percentage of its international sales from 15 to 30 percent."

FraudSciences' online fraud protection services fully guarantee credit card payments against fraud and chargebacks, enabling customers to accept orders that would have otherwise been deemed too risky to accept. Based on the most advanced transaction verification algorithms and behavioural analytics, FraudSciences' unique, proprietary technology accurately identifies
CompuVest's legitimate orders, even when the strongest fraud indicators are present, for secure transaction approval.

"There are major threats to online merchants today due to fraud and identity theft, and those merchants are held accountable for fraud charge-backs," said Gadi Maier, CEO of FraudSciences. "FraudSciences is pleased to announce its continued commitment to CompuVest, which would otherwise be unable to process valuable transactions due to these threats. We are thrilled that our proprietary technology has continued to increase the sales, profits and customer loyalty of CompuVest."
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