Chargeflow Introduces Automated Fraud Prevention Platform
Chargeflow has launched Chargeflow Prevent, a new platform designed to combat post-purchase fraud, announced in a press release. This first-of-its-kind solution focuses on the critical period between payment and fulfillment, a gap often exploited by fraudsters.
Unlike traditional fraud detection tools that operate at the point of payment, Chargeflow Prevent uses advanced machine learning to identify high-risk orders in real-time after the payment has been made but before the order is fulfilled. This allows merchants to block fraudulent activities such as stolen-card fraud and policy abuse, potentially reducing disputes by as much as 90%.
The platform assigns a risk score to each order, recommending actions such as approval, verification, or cancellation. In cases of suspicious activity, the system alerts the buyer, often deterring fraudulent disputes. Chargeflow Prevent is integrated with major commerce platforms, offering merchants a plug-and-play solution with no setup fees or long-term contracts.
Chargeflow's CEO, Ariel, emphasized the importance of evolving fraud prevention strategies to protect merchants from the growing threat of digital shoplifting, ensuring they can serve their customers with confidence.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Finance AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from Finance
Oct 16 Matters Raises $5 Million to Build AI Consumer Bank Oct 16 HKMA Introduces ART Framework for AI Use in Banking Oct 15 Moomoo Adds AI Assistants to Global Paper Trading Contest Oct 15 Financial Stability Board Publishes 12 AI Practices for Financial Firms Oct 15 Starling Bank to Train Transactional AI Model on Civo UK CloudFinance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Feedzai Launches Farol AI Agent for Fraud Investigations
FouAnalytics and fraud0 Add Automated Google Ads Refunds
Flow Engineering Raises $50 Million at $750 Million Valuation
Finastra Launches AI Tool for Payment Exception Repair
Propelr Adds Payments to Deligo AI Self Checkout
Daily AI Brief: the AI news that matters, in your inbox.