What is FraudLabs Pro?

FraudLabs Pro provides a sophisticated fraud prevention solution designed to safeguard online businesses against payment fraud, commonly known as Card-Not-Present (CNP) fraud. This system helps merchants effectively reduce fraud losses and chargebacks, allowing them to concentrate on business growth. It employs comprehensive validation checks across various data points, including IP geolocation, email details, billing and shipping information, credit card data, anonymous proxies, blacklisted information, and transaction velocity, to accurately identify fraudulent patterns.

The platform features customizable validation rules, enabling businesses to tailor and automate their fraud screening processes according to their specific needs. This flexibility streamlines operations and minimizes manual review efforts. Additionally, FraudLabs Pro leverages a global merchant network where participants share insights on fraud attempts and patterns, enhancing the system's overall effectiveness in detecting and preventing fraudulent activities through collective intelligence. Integration is facilitated through ready plugins for major e-commerce platforms and a REST API.

Features

Comprehensive Fraud Validation: Screens IP geolocation, email, billing/shipping info, credit cards, proxies, blacklists, transaction velocity, etc.
Validation Rules Customization: Allows users to customize and automate fraud checks with various rules.
Global Merchant Network: Leverages shared data from a network of merchants to improve fraud detection.
E-commerce Platform Integration: Offers ready plugins for major platforms like Shopify, WooCommerce, Magento, etc.
REST API Access: Provides an API for custom integrations with sample codes and SDKs.
Fraud Score Calculation: Assigns a risk score to each transaction based on validation checks.
Custom Blacklist Management: Enables users to create and manage custom blacklists.
SMS Verification Add-On: Offers optional mobile number validation via OTP for buyer authentication.

Use Cases

Preventing payment fraud for online businesses.
Reducing chargebacks in e-commerce transactions.
Screening online orders automatically for potential fraud risks.
Validating customer data points like IP address, email, and phone number during checkout.
Integrating fraud detection seamlessly into various e-commerce platforms (Shopify, WooCommerce, Magento, etc.).
Customizing fraud prevention rules based on specific business requirements and risk tolerance.
Leveraging collective intelligence from a global merchant network to identify emerging fraud patterns.