Winning Together: Collaborative Multi-Vendor & Merchant Fraud Protection

Unlock the potential of collaborative fraud detection by leveraging data from multiple networks on the same order. This session highlights the hidden costs of fraud, including fines, vendor fees, and lost profits from wrongly declined orders.  Once merchants grasp the Total Cost of Fraud, they can utilize insights from multiple partners to identify obvious fraud and recover false positives. By shifting from a competitive approach that splits traffic amongst providers, to a cooperative approach, merchants can improve their top and bottom line through a more robust defense against fraud.

Learning Objectives:

• Identify the true cost of fraud, beyond chargebacks.
• Leverage scores and insights from multiple fraud detection vendors to enhance detection of obvious fraudsters and recover lost profit from false positives.
• Gain insights into building collaborative partnerships with fraud prevention strategy.

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