Grow Beyond Payment Fraud

Activate growth with increased acceptance rates when you roll out the red carpet for trusted users and new payment methods.

“Sift eliminated our worries about where we were selling. We were thinking about restricting certain territories because of the level of fraud seen there, but with Sift, we’ve been able to sign over thousands of new accounts.”

—John Page, Merchant Processing Director, ChowNow

$48B

Global payment fraud losses in 2023

62%

Of payment fraud victims have experienced payment fraud 2-4x

$9.5B

Merchant losses to CNP fraud in 2023

Challenge

Deeper and Costlier Than Credit Card Fraud Alone

Payment fraud is any deceptive or unauthorized activities aimed at manipulating digital transactions. It typically involves credit cards, online payments, and other payment methods, with the intent to unlawfully obtain funds or goods.

49%

Consumers have experienced payment fraud*

*Source: Sift research and analysis

80%

Users who would abandon a brand due to payment fraud*

*Source: Sift Consumer Surveys, 2020–2023

Growth-Driven Defense Against Payment Fraud

Multiply your innovation potential with user-level clarity into risk
Fraud detection is instant and accurate with Sift’s heritage AI/ML models built on our massive global data network of 1T global signals.

Master manual review and time-to-value
Dive deep into investigations with an Intuitive user console designed with Clearbox Decisioning makes analysts fast, accurate, and insightful.

Clear the path for meteoric growth
Confidently approve more transactions and save friction for fraudsters, driving higher customer loyalty and revenue.

Results That Speak for Themselves

70%

Lower chargeback rates vs. industry average

60%

Fewer manual reviews vs. industry average

55%

Lower block rate vs industry averages

Securing transfers with TapTap Send

Taptap Send was committed to providing their customers with a speedy, secure, and hassle-free user experience, but as their business grew, they were faced with an increase in fraudulent payments made with stolen credit cards. Enter Sift.

Sift makes it easy to implement fraud controls and does the work of dozens of analysts.”

Joe Lawrance

Director of Operations | TapTap Send

Win on Your Terms

Say goodbye to rigid review practices, disparate point solutions, and unclear decisioning. Sift meets you at your point of need and adapts with your business as it evolves.

2.7%

Payment fraud rate

Current payment fraud attack rate experienced by Sift customers from FIBR

0.052%

Fraudulent chargeback rate

Current fraudulent chargeback rate experienced by Sift customers from FIBR

1.7%

Manual review rate

Current manual review rate experienced by Sift customers (from FIBR)