Like many, Sathapana Bank faced rising fraud declines and needed real-time acceptance insights to keep merchants safe. Using Transaction Risk Management (TRM) for its seamless integration and data-driven insights has reduced chargebacks and boosted sales for its merchants.
One of these merchants, Kess Innovations values how TRM has reduced their fraud exposure, ensuring customer trust and compliance.
“Their proactive approach has been a game-changer, allowing us to focus on growing our business while knowing our transactions are secure.” - CEO, Kess Innovations.
Watch now to find out how TRM can benefit your business and ensure secure, seamless payments.
#AI#Ecommerce#FraudPrevention#TransactionRiskManagement#CustomerExperience#Fintech#Innovation
Today's consumers want faster online payment, but false decline and lack of trust are impacting the ability to make transactions with confidence. As a result, building a secure digital ecosystem has become a priority for us in the region. In particular, MasterCard transaction risk management uses AI to screen transactions against multiple data points, leading to higher approval rates, increased revenue. While giving customers the flexibility to set their own custom roles. At MasterCard, we are proud to be pioneering AI powered cybersecurity solutions such as these, preventing over 35 billion in global fraud losses over the last three years. We've been a customer of MasterCard Gateway since 2022 and we've also been using MasterCard Transaction Risk Management solution since 2023. Stefano was seeing rising fraud related transaction declines and chargebacks and needed a greater real time insight into our acceptance business so that we can block fraud effectively while still providing our customers with a seamless and secure online checkout experience. We are looking for comprehensive fraud solution that could help us address these needs which was easy to implement and did not require any integration or development effort. Hence it was a logical decision to enable transaction risk management. On MasterCard gateway. Transaction risk management uses a market ready AI model which has been additionally trained using Stephanas transaction data. This risk assessment tool evaluates each transaction from a risk perspective, assigns it with a score and returns the information to the gateway guiding the decision on whether the process the transaction or not. The solution has helped us to reduce chargebacks and approve more genuine transactions, which is in turn. They're more sales conversions for merchants and also enhance overall customer experience. The solution includes a feature rich and intuitive user interface with rules management for us to create and manage the rules seamlessly. The combination of AI and rules gives us more flexibility and a more complete picture of the fraud screening process. There was no technical integration and turning on the solution was quick and easy. We enabled transaction risk management and onboarded merchants to the solution VR existing MasterCard gateway within a few weeks. Found in 2018, Cash Innovation is a lifting platform that involve corporate and merchant to transfer and accept the payment in the sync system. In today's digital age, insulin that our customers that task and financial transition as safe is a top priority protecting against fraud. I'm authorized access and data breaches not only help us maintain customer trust, but also ensure compliance with industry regulation. Stopping our gateway allow us to sexually assault and manage electronic payments each transition Risk management use AI for real time fraud detection, analyzing potential identify and use our exposure to float and the temperatures before they can cause harm. They are proactive approach have been a game changer, allowing us to focus on growing our. Just this one, knowing us, our tradition and sexual.
