LegitScript’s Post

Cihat Fitzgerald and Joseph Arthur unpack the rise of medium-risk merchants within your downstream or merchant portfolio in a fireside chat on Thursday, April 25, at 1 pm Eastern / 10 am Pacific. Register here – >>>>>>>>> https://ter.li/8hiumq and bring your questions. #firesidechat #merchantrisk #webinar #payments #merchantportfolio

Emerging fraud trends significantly impact businesses by increasing the risk of financial loss, damaging reputation, and eroding customer trust. Advanced technologies like AI and deepfakes are being used in fraud, making detection more challenging. Businesses must adopt agile strategies and leverage data analytics to safeguard their revenue effectively.

🚀 New Blog: Merchant Monitoring Essentials – What You Need To Know 🚀 As we sail through 2024, the digital payment landscape is evolving at an unprecedented pace, bringing to the forefront the critical role of #merchantmonitoring in safeguarding transactions and enhancing trust. With #fraud schemes growing more sophisticated by the day, the stakes have never been higher for #payment processors, online marketplaces, and #financial institutions. 🔍 Our latest dive into the PYMNTS Intelligence’s study reveals a stark reality: Only 33% of entities utilize advanced screening mechanisms to pinpoint fraud as the culprit behind failed #payments. This gap in defence mechanisms is not just alarming; it's a clarion call for immediate action. Why Should You Care? Merchant monitoring is no longer a nice-to-have—it's a must-have. Our comprehensive blog post peels back the layers of traditional vs. AI-driven merchant monitoring methods, illuminating: - The indispensable components of an effective merchant monitoring strategy. - The transformative impact of AI and machine learning on fraud detection, compliance, and the customer experience. - Practical steps to implement or upgrade your merchant monitoring framework for enhanced security and operational efficiency. Who Will Benefit? Whether you're a startup navigating the intricacies of online transactions, a seasoned financial institution aiming to bolster your fraud prevention arsenal, or a tech enthusiast keen on the latest #AI and #machinelearning applications, this piece is crafted for you. 👁️🗨️ Let's turn challenges into opportunities by staying one step ahead of fraudsters with smart, scalable solutions. 📖 Read the full blog here: https://lnkd.in/d8m2FYYP

🤝 Our #transactionmonitoring solution has helped Lumon discover new insights about customers, enabling them to detect new #typologies and build rules to mitigate financial crime. Learn more about this partnership today 🎥 👇

Hole in the bottom of your dispute mitigation boat? 🚤 Leakage can be a silent thief hiding within the mitigation tools you rely on. But don’t worry, there's a way to fight back! This week, we're exposing two common areas of leakage: • Ethoca Alerts • Verifi Mitigation Services (CDRN & RDR) Identifying leakage can start with your Processor. But ultimately, spotting it falls on YOU, the Merchant. ️ And finding the leak isn't always easy. Next week, we'll unveil the secrets to finding and tracking leakage. Stay tuned to patch your boat! Curious to learn more right now? Check out our blog post for a deeper dive! ⬇️ https://ow.ly/4mMP50RIQtS #highriskmerchant #fraudprevention #chargebacks #leakage #ecommerce #payments #slyce360 #fintech #paytech #fraud

Everyone knows that customer expectations are high, whatever service or product you are offering - and financial services is no exception. But how can lenders effectively balance risk with opportunity, reducing friction while still managing fraud and credit risk? Don’t miss the live discussion on March 21, where industry experts will share best practices and insights on how to maintain this balance. See you there! On the panel: Michael Fife, Rob Seidman, Adam Goller, John Lynch, Peter Renton- Provenir, Fintech Nexus #creditrisk #fraudprevention #riskdecisioning #decisioning #Banks #creditunions #fintechs

The next installment in our Future of Financial Crime Series is ready. Click below for a quick and insightful read. Please reach out if you have any questions.

Are you looking to simplify customer onboarding, monitor transactions, and reduce the risk of financial crime? LexisNexis® RiskNarrative™ allows you to quickly onboard high customer volumes within a single, unified compliance platform without code. Find out more

The best way to revolutionize your chargeback management strategy: ✅ Leverage Data Analytics. By analyzing chargeback reasons and sources, many of my clients have reduced their chargeback rates significantly. 3 tips to implement an effective strategy today: 1. Integrate Real-Time Monitoring: Keep track of transactions as they occur to identify and address potential fraud promptly. 2. Employ Automated Dispute Management: Use AI-driven tools to quickly respond to chargebacks and represent cases efficiently. 3. Educate Customers and Staff: Knowledge about chargeback processes among customers and training for staff can drastically reduce preventable disputes.    An ounce of prevention is worth a pound of cure, especially when it comes to chargebacks. Have you tested these methods or discovered others that help mitigate risk? #ChargebackManagement #FraudPrevention #PaymentSecurity Shoot me your thoughts or questions below, and let's innovate together! 🚀

Are chargebacks putting your merchant account at risk? Don't let them disrupt your business! We have solutions designed to protect your revenue and reputation. Our innovative solution proactively identifies and mitigates chargeback threats before they impact your bottom line. Key Features: * Real-Time Monitoring: Stay ahead with instant alerts and insights. * Automated Dispute Management: Seamless handling of disputes to save you time and effort. Secure your merchant account and boost your business stability with our reliable chargeback prevention system. 📈 Ready to safeguard your business? Let's connect! #ChargebackPrevention #PaymentSecurity #FraudProtection #MerchantAccount