Subscription retail management platform Recurly has unveiled Recurly Fraud Management, a platform designed to provide automated, streamlined tools to lessen the impact of fraudulent transactions.
With the platform, subscription retailers can:
Eliminate the cost of manual reviews;
Minimize chargebacks to protect revenue;
Prevent e-Commerce fraud; and
Deter the creation of unauthorized accounts.
Fraud prevention platform provider Kount powers the Recurly solution. Subscription businesses can tailor the platform to meet their unique business needs, setting configuration parameters to prevent transactions from specific high-risk geographies, for example, or declining transactions based on velocity, such as multiple sign-up attempts with the same credit card.
Recurly Fraud Management also includes device fingerprinting, which identifies a transaction’s originating device in real time, dramatically improving businesses’ ability to catch and stop fraud;
In addition, the platform supports multiple gateways, providing businesses with a centralized solution within Recurly, eliminating the limits imposed by individual gateways.
“Recurly is committed to streamlining subscription management so our customers can establish lasting customer relationships and grow their businesses,” said Dan Burkhart, CEO, Recurly. “Providing an integrated fraud management solution helps our customers safeguard revenue, preserve their banking relationships and reduce costs, so they can focus on delighting their customers.”