Automated Complete Solution
Use Cases and Deployment Scope
Riskified reviews all credit card, Google Pay, and Apple Pay orders for fraud. They use a completely automated process to process the orders in real-time and guarantees all orders with certain chargeback codes. They have been essential in improving authorization rates, decreasing chargebacks, and allowing our operations team to focus on reporting. Their suite of tools allows for many features to track metrics and they are always innovating with new products and processes.
Pros
- Reviews orders in real-time
- Boosts authorizations without a lot of false positives
- Provides clear metrics
Cons
- There is a little room for improvement on some metrics
Return on Investment
- The Return on Investment has been great
- Reduced person hours used to monitor for fraud
- improved reporting for chargebacks and revenue
