Business intelligence and risk prevention provider ClearSale has announced a new portfolio of fraud prevention tools - Preventative Intel - that helps companies prevent, combat, and protect against fraudulent activities. The tools use AI and a balance between fast decision-making and quality risk prevention.
The suite consists of three solutions:
- Instant Decision
- Automatic Decision
- Complete Decision.
Instant Decision is a tool created for retailers selling digital goods and provides three layers of protection – AI model, fraud rules, and ClearSale’s global database. This enables ecommerce businesses to know instantly if a fraud attempt has been made.
With Automatic Decision that leverages four layers of protection, brands can identify fraud in under one minute while still ensuring decisions and notifications are delivered with high accuracy. This completely outsourced solution is great for businesses selling physical goods with delivery or pickup an hour after purchase.
“With fraudsters becoming more advanced and business needs constantly changing, our solutions need to continue evolving too. Offering multi-layered security solutions ensures that retailers are safeguarded against fraud, while still allowing them to provide positive experiences that will keep buyers coming back for more,” said Rick Sunzeri, Director of Client Solutions at ClearSale.
Finally, Complete Decision is an advanced fraud prevention tool that automatically approves valid orders, blocks fraudulent ones, and flags suspicious transactions for further analysis. It uses a five-layer approach that combines enhanced AI models, fraud rules, ClearSale’s global fraud database, external data sources, and secondary reviews. This system is particularly effective for merchants dealing with high-value goods that can be picked up or delivered within 24 hours of purchase.
