This post is from X-Payments blog announcing our new partnership. Written by Anna Shvetsova.
We are pleased to announce the release of X-Payments 3.0.2. This time, we’ve added only one but very important and in-demand feature — NoFraud. As you’ve definitely guessed, this is the tool to help you fight fraud more effectively and easily.
Why Think of Fraud Prevention?
According to LexisNexis True Cost of Fraud study 2016, fraud cost retailers 32 Billion in the U.S. alone! Fraud attempts are up to 33% this year with 46% getting through existing fraud prevention tools. With EMV Chip technology adoption in the U.S., eCommerce fraud is expected to soar as it did in the UK (50%) & Australia (79%) On the other hand, 1.5% of legitimate transactions rejected due to overzealous fraud prevention.
Keeping your business safe from fraudsters while accepting all legitimate orders is a fundamental business necessity. This is a difficult task that requires a lot of fraud prevention skills unless you pass this job to professionals. As X-Payments user, you have the necessary powerful fraud prevention tools at hand.
X-Payments has already been integrated with Kount, and as announced above, starting from version 3.0.2 you can also use NoFraud, so that you could choose the solution which better meets your business needs.
Read the rest here.