Returns are a cost of doing business for all merchants. If not handled well, they can present a point of friction, disappointing customers so much that they’re discouraged from shopping with that company again. Fraudsters? They’re gaming the system, sometimes reporting that products did not...
Jeff Hallenbeck, head of payments at Forter, noted in a recent conversation with PYMNTS that the authentication method known as three-domain secure (3DS) has had an uneven embrace by merchants across the globe. But it should be more widely used by companies looking to battle fraudsters...
Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost to an opportunity to drive revenues. Tokenization — the act of replacing sensitive data with randomly generated, encrypted surrogate values,...
Artificial intelligence (AI), in the form of predictive algorithms, has been around for a while. But while its impact has primarily been in the background of workflows, the emergence of generative AI has brought the technology’s impact starkly to the forefront of commerce, payments and...
November 22, 2024
As digital payments scale, the sophistication of scams matches their pace. This ongoing dichotomy forces payment ecosystems to adopt more adaptive and resilient fraud prevention measures. Marcos Gelfi, vice president – global head of commercial fraud/dispute products and cardholder solutions at Discover® Global Network, Jeff Hallenbeck, head of payments at Forter, and Freyja McKenna, head […]
March 28, 2024
Returns are a cost of doing business for all merchants. If not handled well, they can present a point of friction, disappointing customers so much that they’re discouraged from shopping...
March 05, 2024
Jeff Hallenbeck, head of payments at Forter, noted in a recent conversation with PYMNTS that the authentication method known as three-domain secure (3DS) has had an uneven embrace by merchants across...
February 16, 2024
Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost to an opportunity to drive...
June 26, 2023
3DS 2.0 — the security protocol for online payments — enables more effective targeting of fraudulent activity but has not been embraced by stakeholders to the degree that might be expected. The security protocol is not mandated in the United States, as it is elsewhere in the world, and its voluntary embrace by stakeholders has […]
June 12, 2023
In today’s fast-paced world, financial crimes are becoming increasingly common, and it’s crucial to safeguard consumers and businesses. Lawmakers are moving to reform the Financial Crimes Enforcement Network (FinCEN) and...
May 25, 2021
eCommerce fraud prevention company Forter has raised $300 million in a Series F funding round, according to a press release. This marks a near-tripling of the company’s valuation to $3...
March 27, 2015
Forter, which pegs itself as the consumer-centric fraud prevention solution, announced yesterday (March 26) the launch of a new product aimed at developing an omnichannel fraud prevention platform. The product is...
