Safer Internet Day: Ecommpay Records Significant Success in Fraud Protection for Merchants

  • Fraud Detection
  • 05.02.2025 09:40 am

Ahead of Safer Internet Day 2025 (11th February), inclusive global payments platform, has reported its latest data on fraud protection for e-commerce merchants.  Since early 2022, Ecommpay’s market-leading Graph Analysis tool has unveiled nearly 13,000 fraudulent chains involving almost 51,000 users across 207 unique merchants. 29% were confirmed scammers, while others were part of unsuccessful or unreported fraudulent attacks.

With online businesses at the frontline of scams and fraud - the value of e-commerce fraud is reported to have reached $44 billion in 2024 – Ecommpay’s Fraud Team remains focused on protecting merchants and their customers.

Marija Solovjova, Head of Fraud AML transactions & Disputes Department at Ecommpay commented: “At Ecommpay we are committed to continually developing new tools and improving existing ones to tackle fraud targeted at our merchant customers.  We believe we are leading the e-commerce marketplace in using a combination of highly experienced fraud analysts and technology to identify and stop fraudulent transactions to protect businesses and consumers.

“We do not rely solely on third-party services; everything is developed by our team of business experts and experienced developers. This allows us to build and continually develop market-leading expertise in the field of fraud detection and prevention and has enabled us to achieve an important paradigm shift.”

The Ecommpay Risk Control System (RCS) was recently fortified with groundbreaking Graph Analysis, enabling the company to analyse fraud trends and stop not just one, but several connected fraudulent operations. A market-leading combination of AI, automated monitoring and manual analysis, the strategy guarantees a 97% success rate in fraud detection and prevention, without having any negative effect on client interactions.

Safer Internet Day has become a landmark event in the online safety calendar, having grown from its traditional European geographic zone and now being celebrated in approximately 170 countries worldwide.

Related News