Last updated: February 1, 2016

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Best

Top 5 Fraud Detection Companies

Best Online Fraud Detection Services - February 2016

UPWARD
TREND
DOWNWARD
TREND
NO
CHANGE
 
 

Rank

Company Name

Year
Founded

Revenue

Fulltime
Employees

Active
Clients

Client
Retention
Rate

Pricing

Major Clients

Other Core
Services

Analysis

Implementation

Communication

Strategy

Automation

Overall Score

0
100
 
G
VG
E
 

Change in Rank

Leaders

1

preCharge Risk Management New York, New York

Alex Corral
212-751-6213
More info

Visit Website

2003

$1 million - $3 million

26

66

93%

M

Confidential.

 

100

 

100

 

100

 

100

 

100

100%

NC

 

2

Credit Card Processing Specialists Grandville, Michigan

Mike Konig
877-554-5853
More info

Visit Website

2010

$250,000 - $1 million

30

1,000+

98%

M

Main Street Technologies, Advance Auto Parts, South Central Pallets, Discovery Network, Ace Hardware

 

98

 

99

 

100

 

98

 

100

99%

NC

 

3

Kount Boise, Idaho

Bradley J. Wiskirchen
208-489-3346
More info

Visit Website

2007

$250,000 - $1 million

26

1,000+

92%

M

zoovy, Planet payment, Targus info, LexisNexis, Lime Light

 

96

 

98

 

99

 

98

 

100

98.2%

NC

 
Strong Performers

4

Facility Management Advisors Rockville Centre, New York

Randolph Alamo
347-565-8879
More info

Visit Website

2009

$3 million - $5 million

29

5,000+

90%

M

Confidential.

 

97

 

98

 

97

 

99

 

95

97.2%
Increased +1

+1

 

5

Norse Corporation St. Louis, Montana

Sam Glines
408-776-1400​
More info

Visit Website

2010

$1 million - $3 million

35

3,000+

90%

M

nGate, IP Viking

 

95

 

99

 

96

 

97

 

95

96.4%
Decreased -1

-1

 
Evaluation Criteria: Best Online Fraud Detection Services
Analysis
Analysis

We evaluate and rank fraud detection services in order to assist businesses in finding reputable providers of solutions for identify potential risks for fraudulent transactions. During our evaluation, we delve into how each service analyzes a transaction in order to determine the level of risk associated with the transaction. It is important for the vendor to have both automated and manual reviews of transactions.

Implementation
Implementation

For businesses it is important for the implementation of the fraud detection solution to be simple and automated. The service should require as little work from the merchant as possible to make it work properly. During our evaluation, we investigate how much work is required by the merchant to provide the vendor with the information they require to ensure a comprehensive analysis of the purchase and transaction.

Communication
Communication

Another crucial area of our analysis involves the level of communication the vendor has with their merchants in regards to potentially fraudulent transactions. It is important for the vendor to provide their merchants with as much information available while also having an open line of communication to discuss why a particular transaction or check has been flagged and to determine the best way to proceed.

Strategy
Strategy

We also spend time analyzing the strategy which the fraud detection company uses in order to identify potentially fraudulent transactions. The underlying methodology and the research conducted by the fraud detection company is important to ensuring that the process is sound in regards to identifying transactions which exhibit a pattern associated with past fraudulent or malicious purchases and transactions.

Automation
Automation

It is important for the vendor to have an understanding of the importance of automation in providing their fraud detection services. Automation ensures that the vendor will be able to handle a large volume of transactions while being able to have a process in place to manually review flagged entries or events. It is an opportunity for the vendor to produce an efficient fraud detection service utilizing the latest technologies.

 
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9045 Strada Stell Court
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Naples, FL 34109

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