Fraud is a global problem. It demands a global solution.
Fraud rates have remained at historically high levels, with global losses reaching $485.6 billion according to Nasdaq’s 2024 financial crime report. It’s unsurprising then that businesses prioritize fraud management as one of the top challenges they need to actively manage. Businesses universally seek the ability to quickly adapt to evolving threats and the heightened risks associated with venturing into new markets. Among the multitude of risks encountered, fraud emerges as one of the top concerns for businesses today according to the 2024 State of Payments: High Opportunity Industries Report.
Reach New Customers, Improve Checkout And Grow Your Business Knowing Rapyd Protect Is On Guard Globally
Rapyd Protect is a real-time fraud solution embedded into Rapyd’s global payments network. That means you get unmatched visibility into the latest fraud tactics and trends. Protect combines globe-spanning visibility with unique data, device fingerprinting, and extensive rule libraries to decrease risk, reduce chargebacks, and fight fraud. Businesses receive smart, up-to-date protection automatically with every transaction and the option to fully customize rules to match their risk profile and business needs.
Benefits of Rapyd Protect
Always-On Protection
Limit fraud losses with real-time monitoring and maintain customer satisfaction while keeping your reputation safe.
Already Integrated
Embedded in Rapyd’s technology stack, so you are protected no matter the country or payment method. Rapyd Protect is built into the Rapyd Collect and Disburse products.
Multilayered Fraud Protection
Integrated, easy-to-use rule-building engine, manual reviews and transaction alerts.
Decrease Chargebacks
Effective fraud management decreases the number of costly chargebacks.
Better Customer Experiences
Real-time fraud scoring limits delays and reduces false positives.
How Rapyd Protect Works
Features of Rapyd Protect
Monitoring for All Payment and Payouts Types, including Credit Cards and Alternative Payment Methods: As ewallets, bank transfers and other payment and payout methods continue to grow in popularity around the world, your fraud solution has to cover more than just cards. Protect also provides protection for cash payments made via Rapyd’s cash acceptance network for digital transactions.
Rule-Based Engine: Benefit from a library of prebuilt rules or create your own. Create custom rules that more accurately match your business model via a user-friendly drag-and-drop rule builder OR select from a variety of rules in the Rapyd Rule Library.
Machine Learning—Benefit from Rapyd’s best-in-class models, informed by our unique data sets:
Identify new fraud trends and keep your business safe.
Client Portal: Comprehensive reports including detailed transactions, blocked transactions, rules that flagged a transaction, plus an extensive management system for alerts and fraud rules.
Manual Reviews: Set up manual reviews for high-risk and high-value transactions, specific countries or special orders. When these transactions are flagged for manual review, they will show up in your Client Portal under the Reviews tab.
Access to Rules Library: Access predefined rules that can be updated and added to your rules list.
Lists: Add and remove values that can be referenced by your rules, such as dubious IP addresses, blocked countries, high-risk bin numbers and ranges, and known fraudsters.
Rules Simulator: Test new fraud rules in real-time to quickly determine if additional parameters should be included within your custom rules
