Israeli credit card company Isracard Group has collaborated with Forter, a fraud prevention solution provider, to enable Israeli merchants deal with global payments and fraud complexities.
The alliance is part of a new initiative to enable the country’s merchants to reach global audience online.
As part of the collaboration, Forter will provide fraud protection to the online business, supporting the Isracard Global solution designed to optimise the expansion process and allow merchants work with various currencies.
Forter CEO Michael Reitblat said: “Israeli merchants are sensitive to the fact that they stand to bear all the costs of fraud for their online business.
“Either they’re letting too many fraudulent transactions through, or blocking orders too stringently and losing legitimate business.
“Either way, Forter’s partnership with Isracard provides the ideal solution: Retailers can leave the fraud to the experts and know that they’ll get the best of both worlds with high approval rates and low chargebacks.”
Forter’s fraud prevention solution is developed to protect e-commerce merchants and marketplaces by providing real-time fraud instance notifications at account level and the point of transaction.
Powered by artificial intelligence, ongoing human research and analysis, the solution prevents account abuses and monitors online transactions.