The Simility Blog

As Visa Lowers its Chargeback Ratios Merchants Need More Effective Fraud Management

Sep 17 | By: Arthi Rajan

Fraud prevention is an increasingly important part of running a modern business. If you accept online card payments, the chances are your organization will be exposed to digital scams. The cost of fraud can extend well beyond lost sales to customer attrition, reputational damage, and regulatory and administrative fines. New rules...

Back-to-School, Back to Fraud: How e-Commerce and Loan Providers Can Tackle Scams

Aug 01 | By: Sean Nierat

Fraudsters are always looking for new ways to drive revenue and evade the scrutiny of risk teams. This cat-and-mouse game has seen the bad guys continually adapt their tools and techniques to stay one step ahead of those out to stop them. Despite headline card fraud losses in the US...

Artificial Intelligence: A Powerful Weapon in the Battle Against ATO

Jun 12 | By: Sharon Lucero

The digital economy has given rise to disruptive business models that make it convenient for customers to transact online. Customers can easily set up and operate accounts online by providing personal information at sign-up and log-in, respectively. This ease and convenience also has a flip side. If fraudsters gain unauthorized...

Fighting Fraud in a Rapidly Transforming Travel Industry

Jun 05 | By: Rahul Pangam

Like many sectors, travel is undergoing major digital-driven transformation. This is helping to drive customer engagement and growth on a scale never before seen. But while the internet has provided a new platform for airlines, hotels, travel agents and others to grow, it’s also exposing these same companies to increased...

Driving 2019 Success Through Risk Management

May 30 | By: Tushar Shah

At PayPal we’re celebrating another great start to 2019 after our first quarter financials were released last month. Alongside the headline 12% increase in revenue was the equally pleasing sight of millions more customers opening accounts with us, including many new merchants. This is further proof that businesses across the...

Guarding the Global Village: Tackling the Fraud Threat in Online Marketplaces

May 29 | By: Hrishikesh Bhand

Many online marketplaces and shopping sites are taking the digital world by storm with user-friendly platforms for buyers and sellers to exchange goods and services. According to analyst Forrester, half of all online spending came via marketplaces in 2016, a figure set to rise to 66% by 2022.1 However, the...

Addressing CNP Fraud to Reduce Chargebacks and Protect the Bottom Line

May 16 | By: Eric Newman

Digital businesses are adopting innovative measures to offer differentiated customer services and make the online customer journey as seamless as possible. Offering multiple online payment options is one such mechanism that businesses use to make payments convenient for customers and close more checkouts. Fraudsters misuse this convenience to orchestrate various...

Recommerce at Risk: How To Beat The Fraudsters On Resale Marketplaces

May 08 | By: Sharon Lucero

Online fraud is just about everywhere today. In fact, retailers are estimated to lose billions in card-not-present scams over the next several years. Yet some online markets are more vulnerable than others. Online marketplaces that enable the sale of used, second-hand and/or refurbished goods are particularly at risk, as trust...

Celebrating Industry Recognition as a Best in Class ML Vendor Simility

May 02 | By: Rahul Pangam

At Simility, we pride ourselves on leading a new era of machine learning-powered anti-fraud solutions. Since beginning this journey in 2014, we’ve come a long way in meeting the growing demands of our global business customers thanks to the tireless work of our dedicated team. So it’s with great delight...

Taking our best-in-class machine learning platform to LendIt Fintech USA

Apr 18 | By: Vanita Pandey

Simility spent a few days last week at Lendit Fintech USA, one of the key tech innovation events on the financial services calendar. We had a productive time reaching out to industry practitioners, listening to their pain points and explaining how our Adaptive Decisioning Platform can help finance risk teams...