Risk Ident shortlisted at the 2015 Payments Awards

Risk Ident shortlisted at the 2015 Payments Awards

payment_awardsWe’re delighted and proud to announce that Risk Ident has been revealed as a finalist in the 2015 Payment Awards in the Anti-fraud / Security Solution of the Year category, recognised for our work with ecommerce business bonprix.

Our solutions for bonprix meant that more than 80% of suspicious transactions identified were cases of fraud and were blocked. Our FRIDA and Device Ident technology enabled the retailer to halve the amount of time taken for manually reviewing fraud cases, and its customer base grew by 26%.

“Thanks to Risk Ident our team can identify and block fraudulent orders much faster than before. The detection rate of fraud cases significantly increased after introducing Device Ident and FRIDA which led to a decrease in payment defaults.” – Kerstin Jacobsen, Head of Fraud Operations at bonprix

FRIDA was implemented by bonprix to efficiently analyse individual transactions, establish relationships and interpret data between transactions in order to recognise new and changing fraud patterns.

Our Device Ident software was also integrated to identify bonprix’s potential fraudsters through unique characteristics of their devices and matching this information with our global device pool, independent of their personal data.

Key to the success of this project was ensuring that none of the solutions used intruded on the bonprix experience for genuine customers, seamlessly embedding a unique anti-fraud script into the website.

We are looking forward to November when the winners of Payments Awards 2015 will be announced in London!

John Albrecht works as a Product Expert for Risk Ident. Our Product Experts are dedicated contacts for existing clients, covering all technical and administrative aspects of our products.