Fraugster is a German-Israeli payment security company providing e-commerce businesses with the most advanced AI technology to eliminate fraud and maximize their revenue throughout the process.
Fraugster’s team of world-class risk and payment experts built the Fraugster AI Engine, Fraugster’s proprietary AI technology, with the vision to create a fraud free world, one where e-commerce businesses would never have to worry about fraud again. The Fraugster AI Engine is based on a behavioural science approach that mimics the thought processes of a fraud analyst. Instead of clustering transactions as done in classical machine learning, the AI Engine is able to analyze the behavioural context of each payment transaction in real-time by adding thousands of data points to each transaction and accurately block fraudulent transactions while letting good customers through.
Built on a self-learning algorithm, the Engine detects and adapts to new fraud patterns as they emerge and translates each decision into a concise, human-like story for full transparency. It processes thousands of transactions within milliseconds, enabling unlimited growth for online merchants worldwide and increasing their revenue by up to 30%.
Fraugster offers a suite of products and services powered by the Fraugster AI Engine and tailored to the risk management needs of e-commerce businesses in various industries such as retail, fashion, hospitality, gaming and many more.
The company operates globally, managing tens of billions of dollars in transactions annually. Its products and services are used and trusted internationally by leading online merchants and payment companies such as Ingenico, Natixis, Worldline | Six Payment Services and RatePAY.
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