Valid8 by mFilterIt

Website

mfilterit.com

Release Date

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Categories

#eCommerce #Fraud Prevention #eCommerce Tools #Ad Fraud Detection #Ad Fraud Protection

Ethoca

Website

ethoca.com

Release Date

2005 January

Categories

#eCommerce #Fraud Prevention #eCommerce Tools #Fraud Tools

Startup details

Country

Canada

State

Ontario

City

Toronto

Founder(s)

Andre Edelbrock

Employees

50 - 99

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Ethoca features and specs

• Fraud Reduction
  Ethoca provides a platform that enables merchants and issuers to collaborate, reducing the number of fraudulent transactions. By sharing information about confirmed fraud cases, companies can prevent further financial losses and avoid chargebacks.
• Chargeback Prevention
  Ethoca Alerts service enables real-time alerts about confirmed fraudulent transactions, allowing businesses to take action before a chargeback occurs. This proactive approach helps in reducing the time and money spent dealing with chargebacks.
• Increased Operational Efficiency
  The platform automates many of the processes involved in dealing with fraud and chargebacks, leading to improved operational efficiency for both merchants and issuers.
• Cost Savings
  By reducing chargebacks and fraudulent transactions, Ethoca helps businesses save on fees and revenue losses associated with these issues.
• Improved Customer Experience
  By enabling more secure and efficient transactions, Ethoca helps maintain trust with customers, leading to a more positive overall customer experience.

Possible disadvantages of Ethoca

• Limited to Participating Entities
  The effectiveness of Ethoca's services is contingent on broad participation from banks and merchants. If key players do not participate, the system's effectiveness can be diminished.
• Integration Complexity
  Implementing Ethoca's services may require technical integration efforts, which can be complex and time-consuming depending on the existing systems a business uses.
• Costs and Fees
  While the platform can lead to savings, there are costs associated with using Ethoca's services, which may be a consideration, especially for smaller businesses with limited budgets.
• Data Security Concerns
  Sharing transaction data across entities, while valuable for fraud prevention, can raise data security and privacy concerns, as sensitive information is exchanged and handled.
• Dependence on External Service
  Relying on Ethoca for fraud and chargeback prevention means that businesses are dependent on their service and any potential disruptions could impact fraud management processes.

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Ethoca Consumer Clarity

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