Sift’s latest quarterly report describes how the growing problem of real and fraudulent online disputes threatens many a bottom line.
The Sift app was designed to increase transparency in credit card spending and provide credit card users with detailed information on fees and alternatives; the app has the capability to analyze 90% of all issued credit cards in the US for hidden benefits, price adjustment refunds, extended warranties, return protection and more; the firm has announced a $1.5 million fundraising round with the launch of the app and has plans to increase its users and expand the app's offerings. Source
Several factors are contributing to rising rates of BNPL fraud, Sift's trust and safety architect Brittany Allen said. Through its end-to-end Digital Trust and Safety Platform, Sift helps clients proactively stop fraud at crucial transaction points while fuelling growth.