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NoFraud

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"Prevents online transaction fraud effectively."

Case Study
Frequently Asked Questions
This company offers a service to protect online businesses from fraudulent transactions. Its solutions help manage chargebacks and ensure approved legitimate transactions. Seamless integration with various e-commerce platforms is facilitated. The service uses AI alongside human oversight for accurate transaction approval. This helps business operations by reducing fraud-related issues, enhancing approval rates, and eliminating unnecessary manual reviews.
NoFraud Stated Claims
These are public claims Blurbs AI believes to have been made by NoFraud.
Increased approval rates
NoFraud claims that they drastically increase approval rates while keeping pricing more competitive than other solutions.
Seamless integration process
NoFraud claims that their integration is so seamless it works out of the box with zero changes to your workflow.
International fraud expertise
NoFraud claims that they help businesses extend internationally by managing fraud detection in markets with no prior experience needed.
BOTS
AD FRAUD
AD VERIFICATION
CLICK FRAUD
FAKE LEADS
FRAUD PREVENTION
CHARGEBACK MANAGEMENT
SUBSCRIPTION FRAUD PROTECTION
AI-POWERED FRAUD DETECTION
REAL TIME DECISION MAKING
ECOMMERCE PLATFORM INTEGRATION
SHOPIFY INTEGRATION
WOOCOMMERCE INTEGRATION
BIGCOMMERCE INTEGRATION
ADOBE COMMERCE INTEGRATION
BlurbSTAR Case Study
True Classic & NoFraud
NoFraud enhances revenue and efficiency for True Classic.
5%
increase in order approval rate
140000
monthly revenue increase (in $)
This profile remains unclaimed. Blurbs can only offer a partial, unverified case study.
1.
Situation
Addressing Rising Fraud Concerns Rapidly
→
Increasing chargebacks and high-risk orders
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Trend of return fraud emerging
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Need for proactive fraud prevention
True Classic was facing increasing chargebacks and high-risk orders, along with a troubling trend of return fraud, which was significantly burdening their customer support team. Breanna Moreno, the VP of CX at True Classic, recognized the urgent need for a more proactive and efficient fraud prevention tool to manage these challenges and minimize the time spent dealing with them. During this period of escalating fraud concerns, True Classic encountered NoFraud. This discovery was pivotal, as NoFraud offered a comprehensive mechanism to evaluate potential risks and enhance the fraud prevention system in place at True Classic. The team at NoFraud provided insights into dark web discussions that concerned True Classic's exploitable return policies, highlighting the need for their specialized approach.
2.
Task
Implement Comprehensive Anti-Fraud Measures
→
Streamline fraud prevention process
→
Leverage NoFraud's advanced technology
→
Prevent misuse of policies
True Classic needed to streamline its fraud prevention processes to efficiently handle the growing number of fraudulent attempts targeting their eCommerce platform. The task was to find a solution capable of minimizing manual review workloads while also actively preventing fraud risks. Discovering NoFraud was timely, as the service promised a robust fraud prevention system without adding significant friction to the customer experience. True Classic was tasked with leveraging NoFraud's advanced data-driven technologies, comprehensive blocklists, and machine learning capabilities to secure operations without hindering honest customers. Additionally, the necessity to prevent the misuse of policies and combat fraudulent purchases using stolen credit cards required immediate and effective action.
3.
Action
Proactive Fraud Detection Deployed Successfully
→
Integrated NoFraud's fraud detection
→
Analyzed IP and databases
→
Developed effective preventative blocklists
True Classic took decisive steps by integrating NoFraud's platform to overhaul its fraud detection strategy. By embracing NoFraud’s detailed evaluation approach, which included analyzing IP addresses, utilizing expansive databases, and deploying machine learning, True Classic was able to proactively prevent fraudulent activities. Moreover, with NoFraud’s assistance, they developed effective blocklists that prevented fraud and protected their business. The seamless integration of NoFraud into True Classic’s operations removed previously encountered friction points and improved the customer experience by refining the pass/fail decision accuracy. This innovation enabled True Classic to shift away from rigid, outdated fraud filtering systems that previously blocked legitimate customers, optimizing their order approval rates.
4.
Result
Substantial Revenue and Efficiency Gains Achieved
→
5% order approval rate increase
→
$140,000 monthly revenue captured
→
90 hours saved on manual reviews
The integration of NoFraud’s sophisticated fraud prevention solution significantly improved True Classic’s financial and operational results. With NoFraud’s accurate pass/fail decisions and chargeback guarantee, True Classic successfully boosted their order approval rate by 5%, capturing an additional $140,000 in monthly revenue. Furthermore, True Classic reported 90 hours saved on manual reviews each month, leading to better resource allocation and operational efficiency. NoFraud extended beyond being a service provider by becoming a strategic partner, offering human-centric support and tailored solutions specific to True Classic’s evolving business needs. The transformed fraud prevention process not only safeguarded the company’s earnings but also improved customer satisfaction, reinforcing True Classic's growth potential.
Keywords
FRAUD PREVENTION
ECOMMERCE SECURITY
ORDER APPROVAL RATE
CHARGEBACK MANAGEMENT
INTEGRATION SOLUTIONS
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