Payment Fraud
When it comes to earning the trust of your customers and growing your business, protecting digital payments is paramount. Preventing payment fraud not only improves customer satisfaction, but it also maximizes revenue in the long run. Powered by machine learning and AI technology, Vesta enables your business to stop all forms of payment fraud with a higher degree of accuracy.
5%
revenue loss by companies to fraud every year
$32B
in global losses from payment fraud in 2020, that's +3X from $9.84B in 2011
2.1M
fraud reports received by the FTC in 2020 from consumers
Implementing effective fraud protection measures is often easier said than done. Vesta provides important insights into fraud assessment that helps you approve more legitimate transactions while preventing the fraudulent ones.
Vesta enables you to stop more fraud and approve more transactions. Insights gathered from transparent data collection, from identifying the user’s known device to recognizing device IDs, help you make more informed approval decisions without adding friction to the user experience.
For every $1 of fraud that occurs, it costs your business $4 in remediation expenses. With over 25 years of fraud experience under our belt, Vesta can prevent chargebacks, reduce false declines, and save time and resources on payment fraud remediation. Leave fraud protection to us so you can focus on the most pressing issues facing your business.