Fraud Prevention for the Mobility Industry – Let us stop Fraudsters together
Whether for car rental companies, car sharing companies or rail transport providers, fraud patterns in the mobility industry are becoming increasingly similar. But fraudsters hit a roadblock when we step in, connecting data and using our experience in fraud prevention for the mobility industry to stop them from reaching their destination. As a provider of innovative technologies and solutions for fraud prevention, we are like a passenger at the side of every mobility service provider. With RISK IDENT, fraudsters never get where they want to go.
Fraud Problems in the Mobility Industry
Chargebacks
Payments are withdrawn after the trip has been completed
Rent and Sell
Sale of rented cars or car parts via car platforms, often abroad
Voucher Fraud
Unfortunatly incentives, prepaid systems or vouchers also attract fraudsters
Loyalty Fraud
Bonus programs are exploited by fraudsters to cause damage
Fraud Prevention for the Mobility Industry to Win the Race Against Fraudsters
Extensive Product World
RISK IDENT offers device fingerprinting with DEVICE IDENT and all-in-one fraud prevention software with FRIDA, both from a single source. That is an unbeatable combination.
Device Recognition at Login
Fraudulent devices are detected as early as the login stage. This halts bad transactions and prevents mobility services from being issued, meaning no damage is caused to the provider.
Successful Networking
We are at the forefront of initiating the topic of fraud prevention in Germany and we work to connect all of our customers from the mobility industry as well as other industries at annual events. This allows for a valuable and effective exchange of experience – because fraud is not competition.”
Get into Fraud Prevention now
Case Study: Car Rental Companies Targeted by Fraudsters
A prime example of a mobility provider, car rental companies face unique fraud problems. Fraudsters often use stolen identities and stolen credit card data to rent vehicles. If the fraudster uses the mobility service and drives from Hamburg to Munich, for example, this already generates considerable costs for the provider due to chargebacks of the payment and empty trips. However, this is still a small loss compared to other common mobility fraud patterns such as driving abroad, selling the vehicles to unsuspecting buyers at home or abroad, and cannibalizing and selling vehicle parts.
The Solution: Holistic Fraud Prevention for Mobility Providers
Account takeovers and credit card theft are ever-present fraud types for car rental companies, but these types of fraud affect the entire mobility industry. In addition, many companies from other industries are also struggling with similar approaches by fraudsters. Our customers rely on fraud prevention from RISK IDENT. Through data pooling and learning from other industries, fraud patterns can be quickly identified and stopped.
"As developers, designers and technicians, we see ourselves as a driving force in the daily race against fraud. We are agile, precise and — above all — fast. That's our part in tomorrow's mobility."
Christian Grundmann Director Sales & Business Development
"Online fraud is becoming more professional across national borders: todays fraud patterns from the USA are tomorrow's fraud patterns in Europe and other parts of the world."
Marvin Ehleben Senior Business Development Manager
An Overview of Our Products
FRIDA is the intelligent all in one solution in the prevention of online fraud
It delivers reliable results in real time by using modern machine learning algorithms to establish connections between transaction data and recognize patterns. Man and machine — the dream team for online fraud prevention.
Fraud detection through the most used form of fraud prevention: device fingerprinting
Every device leaves digital traces on the internet, similar to a fingerprint in the real world. Device Ident recognizes fraudulent devices and prevents impending damage.
Your Partner in Fraud Prevention for your Mobility Service
Christian Grundmann
Director Sales & Business Development
Initial Prevention
Device recognition happens at login, so fraud is stopped right from the beginning
Fraud Prevention is Not a Competition
Exchange of information through a mobility-device-pool and also across industries
We Recognize Fraud Patterns
Detecting links between fraudulent transactions identifies fraudsters
Next event for personal exchange
