Many online companies are. A Javelin study on The Financial Impact of Fraud found that in total, fraud costs merchants more than 7.5% of their annual revenue. Between fraud management costs, false positives, and chargeback losses, merchants are losing a significant portion of revenue to fraud. Even worse:
A commissioned TEI study from Forrester found that Forter improved false positive rates (mistakenly declined customers) by more than 80%, increased sales and reduced fraud management costs.
Download The Total Economic Impact™ Of Forter ‘s Decision as a Service to find out more.
With Forter's E2E solution, your business will be protected from account abuses such as coupon abuse and referral abuse, which can be costly in terms of both resources and digital trust. You will gain a more accurate understanding of your customers, enabling you to trust them and their digital identies and so better provide for their needs.
As Gartner has noted in the report Digital Trust - Redefining Trust for the Digital Era:
"Digital trust underpins every digital interaction by measuring and quantifying the expectation that an entity is who or what it claims to be and that it will behave in an expected manner."
With Forter, your company will be able to engage your users with confidence, knowing that any with bad intentions will be flagged and their fraudulent attempts prevented. You can focus your energies and resources on those good customers who become part of your 'circle of digital trust.'
*Three-year risk adjusted ROI for a composite organization based on the online, phone, and mobile approvals for interviewed organizations in The Total Economic Impact™ Of Forter’s Decision As A Service®, a commissioned study conducted by Forrester Consulting, 4/17.