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Description
FraudLabs Pro assists online merchants in safeguarding their e-commerce sites against deceitful fraudsters. It meticulously evaluates all sales transactions made through credit cards, PayPal, and other payment methods for potential online fraud, commonly referred to as payment fraud or Card Not Present (CNP) fraud. This proactive approach enables merchants to boost their profits while minimizing chargebacks and financial losses due to fraud. Furthermore, it enhances operational efficiency by offering a user-friendly merchant interface that simplifies the investigation of fraud cases that might otherwise be intricate and time-consuming without a dedicated fraud detection system. With over 24 readily available plugins, extensions, and add-ons compatible with leading e-commerce platforms, the setup process is straightforward: simply download and install the plugin. Additionally, there are more than 20 plugins specifically designed to support various popular e-commerce systems. After entering your License Key and activating the fraud detection feature, your online business will benefit from continuous protection against fraudulent activities, ensuring peace of mind for merchants. This comprehensive approach not only secures transactions but also fosters greater customer trust in the online shopping experience.
Description
Benford's law serves as a tool for uncovering patterns indicative of improper disbursements. It involves examining audit trail reports from QuickBooks or other bookkeeping software to pinpoint unusual activities like voids and deletions. Additionally, it entails identifying multiple payments made for identical amounts on the same day. A thorough review of payroll runs is conducted to detect any payments exceeding the established salary or hourly rates. Payments made on non-business days are also scrutinized. Statistical calculations help in identifying outliers that may suggest fraudulent activity, and duplicate payments are tested for validation. Vendor files in accounts payable are analyzed for names that may be suspiciously similar, and investigations are conducted to uncover fictitious vendors. Comparisons of vendor and payroll addresses are evaluated using Z-Scores and relative size factor tests. While data monitoring and surprise audits have shown to significantly reduce fraud losses, only 37% of organizations implement these critical controls. For businesses employing fewer than 100 individuals, the average loss due to fraud is estimated at $200,000, highlighting that smaller enterprises often lack the necessary resources to effectively detect and address fraudulent activities. Consequently, it is essential for small businesses to adopt more robust fraud detection mechanisms to safeguard their financial integrity.
API Access
Has API
No
API Access
Has API
No
Integrations
Axis LMS
Yes
Clientexec
Yes
Easyflow
Yes
WHMDC
Yes
Workers by Delos
Yes
Wufoo
Yes
Zapier
Yes
Integrations
Axis LMS
No
Clientexec
No
Easyflow
No
WHMDC
No
Workers by Delos
No
Wufoo
No
Zapier
No
Pricing Details
No price information available.
Free Trial
Yes
Free Version
Yes
Pricing Details
$1,400 one-time payment
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
Yes
Vendor Details
Company Name
FraudLabs Pro
Founded
2004
Country
Malaysia
Website
www.fraudlabspro.com
Vendor Details
Company Name
MedCXO
Country
United States
Website
medcxo.com/fraud/
Product Features
Fraud Detection
Access Security Management
No
Check Fraud Monitoring
No
Custom Fraud Parameters
Yes
For Banking
Yes
For Crypto
No
For Insurance Industry
No
For eCommerce
No
Internal Fraud Monitoring
No
Investigator Notes
No
Pattern Recognition
Yes
Transaction Approval
Yes
Retail Management
CRM
No
Commission Management
No
Email Marketing
No
Employee Management
No
Loyalty Program
No
Mail Order
No
Merchandise Management
No
Multi-Location
No
Order Management
No
Purchase Order Management
No
Reporting/Analytics
No
Returns Management
No
eCommerce
Yes
Product Features
Fraud Detection
Access Security Management
No
Check Fraud Monitoring
No
Custom Fraud Parameters
No
For Banking
No
For Crypto
No
For Insurance Industry
No
For eCommerce
No
Internal Fraud Monitoring
No
Investigator Notes
No
Pattern Recognition
No
Transaction Approval
No