Digital cash and online payments are irresistible to fraudsters. When you combine the anonymity of the internet with real-time payouts via prepaid credit cards, you have a recipe for disaster.
Global financial service provider EntroPay allows its users to transfer money in real time; what sets EntroPay apart is that users can access their funds immediately through digital Visa gift cards. But when fraudsters used stolen credit card information to transfer money to themselves, EntroPay found itself on the line for the refunds and chargeback fees that came with credit card fraud. They needed a solution that prevented fraud.
You can read up on how EntroPay started predicting fraud and saving themselves the pain of chargebacks and fees in our newest case study. Here’s a hint: automation and data analytics with Sift Science saved EntroPay a ton of time and money!
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