Today we are announcing our launch in the Shopify App Store. Shopify is the world’s fastest-growing eCommerce platform supporting more than 60,000 merchants and selling 10’s of millions of products in 92 countries. We are excited that Signifyd’s fraud prevention solution is now available to all Shopify merchants.
Shopify merchant customers face several challenges due to fraud in growing their online businesses. Top ones are: reducing operational costs and losses incurred due to fraud, opening up new markets; i.e. International, chargebacks and associated win rates from issuers. The techniques used by fraudsters are evolving quickly, forcing merchants to become experts on device fingerprinting, IP Geo-Location, NAP Checks, BIN lookups and social spoofing. To top it all off, these Card-Not-Present merchants are liable for fraud chargebacks.
So we are pleased to announce a unique offering to help solve these challenges with our “GUARANTEED PAYMENTS” solution where we let the merchant know if a transaction looks risky and take the liability in the case of a mistake. Some customers having coined it Fraudsurance!
With Signifyd, merchants get a one-stop solution, from automated scoring to manual review, even without any internal history on the customer. Part of our secret sauce is incorporating Social Media (LinkedIn, Facebook, Twitter, etc.) footprints that internet customers leave into our fraud/risk scoring model. With 1 in 7 humans on the planet having a social footprint we are uniquely able to reach broader (International Markets) and deeper (more accurate fraud scoring) than any other fraud company. And it’s not just that, we give you information on phones, addresses, emails, ip addresses, credit cards, customer history and more so that you can learn everything you need to about your customer in one place.
Our integration, allows Shopify customers the ability to activate and deploy Signifyd’s easy to use fraud protection through the Shopify App Store within minutes. The Shopify – Signifyd launch makes shopping safer, frictionless and global!
To get started using Signifyd on the Shopify eCommerce platform please sign-up now, we’re giving you 2 weeks for free – because we are confident you’ll see the value in your first 72 hours! Shopify App Store: http://apps.shopify.com/signifyd