Fraud checker API is a service that helps companies detect fraud during a critical transaction point, such as an account signup or payment. The service works by assessing the user’s device, online signature and other information to calculate a risk score. It then flags the transaction if the score is high, or it can even block suspicious users entirely if the risk is severe enough. This helps reduce the costs of fraud and protects businesses from being overwhelmed with chargebacks and other costly expenses.
A good fraud detection API is fast, scalable and easy to integrate with a business’ website or application. It can also help reduce the workload of a fraud analyst team, as it takes less manual work to analyze transactions and identify potential fraudulent behaviour. It is important to remember that fraudsters are constantly coming up with new ways to commit fraud, and a rules-based approach to fraud prevention can be ineffective at times.
Detect, Defend, Deliver: Elevating Security with Fraud Checker API Insights
One of the best fraud checker APIs is Melissa’s Personator API, which uses a database of over 300 million identity records to verify and enrich contact data. It can verify email addresses, phone numbers, SSNs and document KYC, as well as screen for fraud traits such as fake addresses and names, IP spoofing, proxies, VPNs and TOR connections, blacklists, phishing, SMTP encoding and more. It can also identify if a number is linked to a social media account by using public social data from Viber, WhatsApp or Telegram.…