Fraugster

Overview

Fraugster provides an AI-powered platform offering fraud prevention and risk management solutions for online merchants. The platform aims to minimize fraud and maximize revenue within the e-commerce ecosystem through various services. Fraugster has been acquired by Shufti Pro.

Key Features

• Fraud Management SaaS — Provides an advanced risk management solution powered by AI and network intelligence for real-time payment decisions.
• Fraud Decisions as a Service — Offers outsourced fraud risk management where Fraugster's experts manage risk using their AI engine.
• Chargeback Protection — Fraugster assumes full liability for fraudulent card transactions, reimbursing merchants for chargebacks.
• Account Takeover Protection — Utilizes an additional layer of data and a unique Device ID to validate buyer identity and protect customer accounts.
• Alternative Credit Decisions — Leverages Fraugster's data enrichment to assess customer credit risk and reduce false positives.
• PSD2 Exemption Tracking — Facilitates a smooth checkout experience by requesting and tracking Transaction Risk Analysis (TRA) exemptions to boost approval rates.
• Compliance Sanctions and PEP lists — Scans transactions against global databases of sanctions and Politically Exposed Persons (PEP) lists to mitigate money laundering risks.

Who It's For

Fraugster's solutions are designed for online merchants, payment service providers (PSPs), and businesses operating in sectors such as e-commerce, gaming, travel, and digital goods. It targets companies seeking to reduce fraud losses, optimize approval rates, and streamline their risk management operations. The platform is also suitable for fraud analysts and risk management teams looking for advanced tools and data insights.

Notable Strengths

Fraugster's unified AI platform integrates a single data layer and AI engine, enabling multiple solutions from one integration point. The Chargeback Protection service is insured by Munich Re, providing financial coverage and peace of mind for merchants. The platform's modular approach allows for flexible self-service rule engines, enabling fraud analysts to quickly deploy anti-fraud rules.