Fraud Detection Software

TrustRadius Top Rated for 2024

Top Rated Products

(1-2 of 2)

1
D&B Finance Analytics

D&B Finance Analytics is a global credit-to-cash solution that provides Dun & Bradstreet data, analytics, and technology to help improve cash flow, increase operational efficiency, and mitigate risk. This AI-driven solution comprises two platforms – D&B Credit Intelligence…

2
F5 Distributed Cloud Bot Defense

F5 Distributed Cloud Bot Defense (formerly Shape Defense, acquired January 2020) provides security to protect a website from bots, fake users, and unauthorized transactions, preventing large scale fraud and eroded user experiences. Companies get visibility, detection and mitigation…

All Products

(1-25 of 245)

1
D&B Finance Analytics

D&B Finance Analytics is a global credit-to-cash solution that provides Dun & Bradstreet data, analytics, and technology to help improve cash flow, increase operational efficiency, and mitigate risk. This AI-driven solution comprises two platforms – D&B Credit Intelligence…

2
Riskified

Riskified, headquartered in Tel Aviv, helps businesses to realize the potential of eCommerce by making it safe, accessible, and frictionless. Their eponymous platform allows online merchants to create trusted relationships with their consumers. Leveraging machine learning that benefits…

3
Treasury Intelligence Solutions (TIS)

TIS helps CFOs, Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, the cloud platform and service model have supported the office of the CFO to collaborate and attain efficiency, automation, and control. By streamlining…

Explore recently added products

4
F5 Distributed Cloud Bot Defense

F5 Distributed Cloud Bot Defense (formerly Shape Defense, acquired January 2020) provides security to protect a website from bots, fake users, and unauthorized transactions, preventing large scale fraud and eroded user experiences. Companies get visibility, detection and mitigation…

5
Midigator, an Equifax Company

Midigator provides a chargeback management approach with the goal of protecting the user's revenue in the most efficient way possible, displacing time-consuming and error-prone processes associated with chargebacks. Midigator's strategy includes: - Preventing chargebacks - Fighting…

6
ClickGUARD

ClickGUARD is a fully automated protection tool that enables businesses to run secure pay-per-click campaigns. The software can eliminate unwanted clicks on your PPC ads, help to clean up your traffic, and optimize your budget for your target audience.

7
Trust Swiftly

In an era where digital transactions and interactions have become the norm, ensuring the security and trustworthiness of online identities has become a paramount concern for businesses. Trust Swiftly is an identity verification service that aims to simplify and enhance the process…

8
Kount, an Equifax company

Kount Fraud Detection Software is an option from the company of the same name in Boise, Idaho.

9
SEON. Fraud Fighters

SEON is fraud prevention for businesses that is built to be adaptable and accessible, presented as a risk tech stack for a digital generation, including fintech companies like Revolut, NuBank, Afterpay, and Mollie. SEON boasts a 30-day free trial, rapid integration, and pay-as-you-…

10
NICE Actimize

NICE Actimize is a fraud detection solution, acquired and now supported by Nice Systems since 2007.

11
Signifyd Commerce Protection Platform

The Signfyd Commerce Protection Platform is fraud protection software that aims to enable online retailers to provide a friction-free buying experience for their customers. Signifyd leverages big data, machine learning and domain expertise in order to provide a financial guarantee…

12
CGI HotScan360

CGI offers HotScan360, a fraud detection and financial risk management application for financial institutions, with included reporting and analytics.

13
NameScan

NameScan, a member of the Neurocom group, is based in Australia and provides a publicly accessible online service which enables users to check the names of individual persons or companies instantly, against the Dow Jones Watchlists, which the vendor presents as the most detailed…

14
CSI WatchDOG

Computer Services, Inc (CSI) headquartered in Paducah, offers the WatchDOG suite of financial risk management applications for banks and financial services enterprises, providing compliance news and management, regulation management, and related features.

15
IBM Trusteer

IBM Security offers the IBM Trusteer fraud detection and prevention application, to support financial institutions and antivirus applications with additional malware and phishing prevention, as well as provide digital identity protection and prevent fraud. IBM acquired Trusteer in…

16
TrustID

TrustID are experts in identity document validation solutions, designed to make identity checks easy, from the office or remotely. TrustID services are designed to simplify ID checks, protecting businesses of all sizes from fraud, saving time, driving efficiencies and ensuring compliance.…

17
iDenfy

Identity verification services that increase the rate of successfully onboarded customers, decrease the real users' drop-off rate and 100% prevent fraud. Its pricing model is to pay only per approved user (drop-offs, fraudulent users, not real customers, not completed verifications…

18
Equifax Credit Risk

Equifax Credit Risk Insight helps lenders build models help monitor delinquency, default, loss severity and mortgage borrower credit health trends at the loan level, across zip codes, vintages and market segments.

19
Fraud.net Email Sheild

Email Shield is a cloud-based email security add-in, which helps businesses across various industry verticals such as banking, fintech, eCommerce, government, mobile, travel, gaming, telecommunications and more, prevent email-based fraud attempts and receive fraud risk scores and…

20
F5 Distributed Cloud Authentication Intelligence

F5 Distributed Cloud Authentication Intelligence provides continuous authentication to establish trust, reduce friction of excessive logins and reauthentication through machine learning and analytics insights with an integrated platform that stops automated and human-driven fraud…

21
TransUnion TruValidate

TruValidate fraud prevention and identity proofing products that secure trust across channels and deliver seamless experiences for consumers. In addition to all of TransUnion’s fraud products, TruValidate has expanded to include all fraud offerings from Neustar.

22
Forter

Forter is a security platform for online merchants that allows them to check each transaction for fraud.

23
Coinbase Tracer

Coinbase Tracer (formerly Coinbase Analytics) supports crypto compliance for governments, financial institutions, and crypto businesses, and connects cryptocurrency transactions to real-world entities using public blockchain attribution data, enabling users to monitor risk on millions…

24
Sift Digital Trust & Safety Suite

Sift Science headquartered in San Francisco offers their software, Machine Learning and Device Fingerprinting, for fraud detection and prevention, priced per services added and volume of devices and orders checked.

25
Agreement Express

Agreement Express provides a solution to accelerate merchant boarding and drive scalable risk underwriting. The Merchant ScanXpress solution is designed for Wholesale ISOs, payment facilitators and ISVs to customize their scoring model based on their unique business needs across…

Learn More About Fraud Detection Software

What is Fraud Detection Software?

Fraud detection software automatically monitors transactions and events in real time to detect and prevent fraudulent activities occurring in-house, online or in-store. It prevents improper access to sensitive company and customer data. The suspect transaction or event is flagged and can be manually reviewed through an investigative dashboard.

Fraud detection software prevents illegitimate activities related to payments, purchases, and chargebacks. It is used to secure web, mobile and phone based financial transactions. The software helps prevent digital payment fraud, and account takeover by validating identities sometimes employing two step authentications, and by identifying malicious logins, and bot activity.

Click fraud software is used by online advertisers to identify and block malicious and non-converting traffic. Fraud detection software is also used to prevent insurance fraud, and money laundering. The software helps ensure compliance with security and data privacy regulations.

The software can monitor internal and external data, employees, customers, transactions, events, and databases. Detection and prevention are based upon rules or predictive models.

Fraud detection software increasingly uses AI for Predictive Analytics which identifies fraud patterns Ai is also employed for Customer Analytics which detects deviations from a customer’s usual behavior and Social Media Analytics which gathers information from social media and blogs. These patterns are analyzed to help identify fraudulent behavior.

In the future behavioral biometric capabilities will be readily incorporated into fraud detection software. This entails analyzing a user’s mouse gestures, typing speed and pattern to detect deviations from the norm as an indicator of potentially fraudulent activity. Real-time biometric analysis will prevent identity theft and account takeovers.

Fraud Detection Software Features

· Data security and privacy regulations compliance· Real-time fraud monitoring of internal and external data, employees, customers, transactions, events, and databases.· Real time transaction screening and review· Pattern recognition / Anomaly detection· Custom fraud parameters – establish organization specific parameters and thresholds to trigger fraud prevention actions· Investigations· Security management – manage role-based user access to transactional data to prevent tampering or hacking· Internal fraud monitoring – review of internal actions to determine need for investigation

Fraud Detection Software Comparison

Consider the following when purchasing fraud detection software.

Use Case – What kind of business or organization will be using this software? Banks and financial institutions, eCommerce and online retail, physical and in-person services, will all have different challenges when it comes to fraud prevention. Some fraud tools are specialized to support those needs, other vendor offerings are generalized to support a wide range of industries.

For Financial Fraud Protection – It is essential that the product has the capability to perform real-time analysis to flag suspicious activities as they occur and to take the appropriate actions.

Dashboards – a robust dashboard provides the capability to review transactions, identify patterns, provide insights, and make informed decisions.

Pricing Information

Pricing is driven by the number of transactions/queries, validation and grouping rules supported, features provided and level of customer support. Basic plans range from $25 to $1,000 a month. Some enterprise plans begin at $1250 a month. Licenses can cost $49,000 or more. Many vendors require a quote for their product and services.

Related Categories

Frequently Asked Questions

What does Fraud Detection Software do?

Fraud detection software prevents fraudulent activities related to accounts, payments, and purchases by reviewing transactions, and events in real time to detect fraudulent activities. It helps protect sensitive company and customer data.

What are the benefits of using Fraud Detection Software?

Financial – It protects against revenue loss by identifying fraudulent transactions and minimizing false declines.

Security – It prevents access to sensitive customer and company data and prevents account takeovers.

Brand Reputation – When an organization is exposed to fraudulent activities, its reputation can suffer as there can be a loss of trust. Minimizing this exposure protects the brand.

Customer Experience – Proper use of automated fraud protection software will seamlessly approve legitimate customer transactions in a timely manner.

What are the best Fraud Detection Software products?

How much does Fraud Detection Software cost?

Pricing is driven by the number of transactions, validation rules supported, features provided and level of customer support. Basic plans range from $25 to $1,000 a month. Many vendors require a quote for their product and services.