The meaning of accuracy doesn’t extend to reject genuine customers only because of the fact that the transaction shows a few risky characteristics. This practice is counterproductive and will make a dent into the revenue stream. It is turning out to be a significant challenge for conventional fraud prevention approach.
Human Intervention in conjunction with Machine Learning is the most innovative approach to combat fraud. The synergy produced by the human and artificial intelligence helps in making right business decisions averting fraud and scams. In the modern context, accurate fraud prevention not only refers to lower chargebacks instead it is about growing revenue for the merchant from all aspects. Therefore, the human eye intervention plays a pilot role in fraud detection and prevention by optimizing every key metric and generating constant business growth.
Quatrro is uniquely positioned with its niche experience of providing CNP fraud and chargeback prevention services using human eye intervention for more than a decade. The fraud detection system layered with human eye transaction review has been delicately designed to be extremely detailed to catch new fraudster trends and technics. The power of human intervention and machine learning ensures that the transactions are always protected against modern fraud threats.
Fraud prevention analysts at Quatrro available 24*7 ensure 100% anomaly detection by using BIG Data analytics and advanced methods of authentication. Analysts keep themselves abreast of emerging fraud trends happening in the web world of cyber criminals helping them to easily identify and combat fraud.