Chargeback fraud is a big problem for online businesses. It costs them money, makes it harder for them to run their operations, and hurts their relationships with payment processors. As more and more people use the Internet to buy things, criminals are getting smarter. Vigilo deals with this growing risk by using an innovative, AI-driven method to stop chargeback fraud that focuses on making sure the buyer is who they say they are before the order is shipped. Learn more about preventing chargebacks
Artificial intelligence powers Vigilo's smart fraud screening, which is at the heart of the company's solution. The platform checks the information that users give against official and trusted data to make sure that consumer IDs are real and consistent. This method makes it less likely that bogus accounts, stolen identities, or false information will get into your sales funnel. Vigilo helps organizations make smart choices before approving transactions by finding mistakes early.
Vigilo not only checks people's identities, but it also keeps an eye on each user's chargeback history all the time. This analysis of client behavior lets the system warn consumers who have a history of abuse, such having a lot of disputes or acting suspiciously during transactions. Vigilo gives you a proactive layer of defense that reduces financial risk and operational disruption by integrating real-time data analysis with historical insights.
The pre-fulfillment verification process is what makes Vigilo different. Vigilo makes sure that each consumer is verified before the order is completed, so they do not have to deal with chargebacks after they happen. This proactive plan not only protects sales, but it also keeps the brand's good name and builds trust in all transactions.
Questions and Answers
What does it mean to commit chargeback fraud?
Chargeback fraud happens when a customer protests a real transaction to get their money back, usually after they have already received the product or service.
How can Vigilo stop chargebacks from happening?
Vigilo employs AI to check that customers are who they say they are against official documents and keep track of chargeback history to find high-risk consumers early on.
Is Vigilo good for all kinds of businesses?
Yes, Vigilo is made to help all kinds of firms that do business online and wish to lower the risk of fraud.
Final Thoughts
Vigilo is a strong AI-powered solution to stop chargeback fraud by checking that customers are who they say they are before sending them their order. It helps businesses cut down on fraud, secure their income, and feel more confident in every transaction by checking customers' identities and keeping an eye on their chargeback history.
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