Fireside Chat with Max Laemmle, Founder & CEO of Fraugster & Ludovic Houri, VP Products of Ingenico at the Axel Springer NOAH Conference 2017 in Berlin, Tempodrom 22-23 June 2017.
Fraugster is German-Israeli payment security company that eliminates online fraud while maximizing revenues for merchants. Our AI-powered fraud detection technology learns from each transaction in real-time and can anticipate fraudulent attacks even before they happen.
Outdated payment security technologies like 3D Secure are causing ecommerce merchants to lose more money to online fraud than ever before. Fraugster has invented a self-learning algorithm that mimics the thought process of a human analyst, but with the scalability of a machine, and can give decisions in as little as 15 milliseconds. Based on average performance, fraud rates are reduced by 70%-80% while conversion rates are increased by as much as 35%. Fraugster works with leading international clients like VISA, Credorax, etc. and in a short period of time, grown to manage nearly €15 billion in transaction volume for their clients.
Ingenico ePayments is the online and mobile commerce division of Ingenico Group. We connect merchants and consumers, enabling businesses everywhere to go further beyond today’s boundaries, creating the future of global commerce. As industry leaders since 1994, our innovative spirit drives us forward across all channels. We are the trusted partner of over 65,000 small and large merchants who rely on us to make payments easy and secure for their customers. With advanced data analytics, fraud management solutions and cross-border commerce expertise, we help merchants optimize their business and grow into new markets around the world.