Payment Fraud Protection Solution
No payment fraud,
no money lost
Say goodbye to fraudulent payment methods, card-not-present fraud, and other losses with our AI-driven payment fraud prevention solution
Stop money losses
Stop illegal withdrawals and reduce fraud-related chargebacks to zero
Keep partner relationships strong
Build a reputation as a trusted payment partner avoiding disputes and fines
Increase customer loyalty
Save customers money and win trust with a strong security commitment
Automatically verify every single detail
Verify ownership of a payment method
Prove that the card or wallet belongs to your user - before you accept, refund, or pay out. Works with major providers, including Mastercard, Visa, and UnionPay, as well as local ones.
Perform an instant bank account check
Confirm that a customer’s bank details are valid and trustworthy in just a few clicks. Using Open Banking connections, Sumsub securely checks account data against verified identity information.
Stop blocking legitimate customers
Automatically differentiate between fraudsters and genuine customers, implementing real-time monitoring and additional actions for high-risk transactions.
Identify complex fraud patterns
Discover suspicious activity with behavioral intelligence, IP address analysis, device fingerprinting, and other patterns. Cross-check against a 2M+ fraudster database for extra security.
Confirm that the user is legit
Run Face Authentication checks in under four seconds, on any device. This helps detect spoofing and deepfakes, as well as identify if the buyer is the owner of the bank card.
Fast and hassle-free integration
You only require a one-time integration with Sumsub’s SDK, and most clients begin checks within one week. All further settings are code-free and available in the dashboard.
webSdk
allDevices
Don't take our word for it.
Here's what clients have to say
Deputy Group Head of Compliance
Co-Founder and CEO
Teacher Success Manager
- Identity Verification
- Address Verification
- Fraud Detection
- Anti-Money Laundering
Need the Ideal Solution?
Choose G2's Top Pick
Optimize your fraud detection and response strategy, where cost reduction is achieved effortlessly. Avoid internal development expenses with easy configuration and pre-designed anti-fraud rules.
70
Net Promoter Score
95%
Ease of use
91%
Ease of setup
* According to G2 2024 Identity Verification Winter Report
FAQ
What types of payment fraud are there?
Payment fraud can take different forms such as credit card fraud, identity theft, account takeover, phishing, and more. To combat these threats, businesses can leverage payment fraud detection software to monitor and identify suspicious transactions, patterns, and anomalies.
How is payment fraud detected?
Payment fraud is detected using methods such as pattern analysis, device fingerprinting, IP address and geolocation analysis, and more. Businesses can strengthen their fraud detection efforts by utilizing payment fraud protection software, which employs these techniques to identify and prevent fraudulent activities
What are some strategies to combat payment fraud?
Strategies to combat payment fraud include implementing multi-factor authentication, using fraud monitoring and risk prevention systems, and more. Payment fraud prevention software incorporates multiple mechanisms and enhances fraud detection capabilities, providing businesses with robust protection against fraudulent activities.
How can payment fraud prevention solutions help?
Payment fraud prevention solutions help businesses combat fraud by detecting suspicious activity in real-time, implementing multiple tools. Usually, such payment fraud detection systems include multi-factor authentication for added security, assigning risk scores to transactions, sending real-time alerts and blocking potentially fraudulent transactions, and providing analytics to improve fraud prevention strategies.
What types of payment methods are checked?
We verify major card networks (Visa, Mastercard, American Express, UnionPay), bank accounts (including Open Banking where available), and leading local wallets/rails. Examples of local providers we support include, but are not limited to, M-Pesa and MTN MoMo for Africa, Alipay and PayNow for Asia, Pix and Mercado Pago for Latin America, Bizum and MB WAY for Europe, and Venmo and Interac e-Transfer for North America.