Building a new fraud prevention solution

Discussion in 'Payment Processing' started by risktakers, Nov 26, 2013.

  1. #1
    Hi all,

    I am now considering to have a new solution that will deliver real time fraud decisioning for online merchants , with full coverage for every approved transaction (if we approved - you'll get the money and we'll pay).
    In order to launch such a product - I'd love to know that this type of product might be valuable:
    a. is there a fraud problem - do merchants still has pain of losing money to fraudsters?
    b. Is there a big declines problem - do merchants lose money due to unnecessary declines?
    c. will merchants be willing to give up their information to a third party and what will be the way to integrate in order to do s
    We are looking now for the right merchants to have as our Beta merchants, so if the answer to the questions above is positive - I'd love to have you.

    Thanks,
     
    risktakers, Nov 26, 2013 IP