FreedomPay Partnership Announcement
PARTNERSHIP ANNOUNCEMENT
Powering the future of commerce
Forter and FreedomPay partner to connect merchants and banks across a global network to fight fraud and reduce false declines.
Forter Smart Routing
"Fraud prevention continues to be a pain for merchants and together FreedomPay and Forter provide a world-class solution. Forter's fraud prevention capabilities protect merchants on FreedomPay's Commerce Platform and ensure that only legitimate transactions are approved -- this not only increases the volume of transactions we are able to process, but also helps to build brand loyalty by providing an optimal customer experience."
Chris Kronenthal
President and CTO
Powering the future of trust-based commerce
Fraud prevention is now more complex than ever. FreedomPay, a global leader in Next Level Commerce, has partnered with Forter to establish the first joint network for online merchants and banks to block fraud in real-time.
Streamlining a historically decentralized approach to fraud prevention in the payment ecosystem into one integrated platform, the partnership produces unparalleled accuracy that allows good customers to shop without friction, and merchants to grow their business without risk.
A surge in new users
- New online buyers have increased 2x in 2020, and these new users are 5-7x more likely to be falsely declined, leaving their entire lifetime value on the table.
- Sophisticated fraudsters leveraging cutting-edge technology are quick to target new offerings. Buy Online Pickup In Store fraud saw an increase of 55%.
- In 2020, identity manipulation-based fraud increased by 123%, bot-based attacks by 33%, and repeat offenders by 66%.
A partnership that drives growth without risk
Automation powered by a Global Data Network
- A single integration for fast onboarding.
- Approve more transactions.
- A global solution meeting compliance requirements.
Recognizing over 800 million consumers, Forter provides sub-second decisions without the need for manual reviews. Pre-integrated with FreedomPay, Forter provides clients with world-class fraud prevention, without requiring merchants to set up rules.
Want to get in touch?
Speak with our team to learn about partnership opportunities or how Forter can help your business.
Learn More About Forter Smart Routing
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