More than a fraud database
Perseuss originated from the merchant community's call for a platform to share fraud data. 10 years later, as the vast amount of historic data is combined with powerful machine learning algorithms, it has grown from a simple fraud database into a sophisticated secured fraud intelligence platform.
The Perseuss data set is built solely by your industry peers within the eco-system’s value chain. The fraud tool can be used either independently, but is positioned as readily available in conjunction with every major screening solution. Complementing your existing processes with access to the Perseuss platform, enriches the accuracy of the fraud scoring by bringing into your fraud filtering calculations years of intelligence about known fraudsters.
Beyond the automated filtering and scoring, the Perseuss solution empowers your Fraud Analyst in manual research. The platform allows investigation of related cases and their unique characteristics, and even entire clusters of fraud attempts as recorded by companies around the world. As the community is entirely built on trust and communication, don't hesitate to contact the owner of the record for more information on the specific case.
How it works
Check your transactions real time against the fraud database. Let us take you through the different outcome scenarios:
Perseuss returns a low score: The elements of this transaction have not significantly been associated to fraud in the past.
As there's no reason to distrust this transaction, the merchant decides to accept.
All users upload their fraud records, to add to the combined intelligence of the community
Whether your company is active in the Travel, Retail, Gambling or any other industry: you're welcome to join!
Find out more about the history and mission of Perseuss and it's community.Read more
"Unfortunately there are still some airlines that don’t realise just how much fraud is costing them, beyond what they see as chargebacks. Perseuss is an important tool in the BA fraud prevention toolbox, not just from the data perspective but from the intelligence and support the Perseuss community provides. Without Perseuss to help your airline fight fraud, you are missing a vital piece of the decision making jigsaw."
Andrew Warman, British Airways
"Tripsta (travelplanet24) is an OTA which operates in 16 countries and turns over €220 million. As we grew our business across Eastern Europe from 2010 onwards, card fraud hit us badly, driving up losses to unsustainable levels. To counteract this fraud we integrated several external systems of which Perseuss is among the most important. Perseuss has helped us reduce our fraud rate from 0.6% of turnover to 0.07% whilst cutting our manual review rate from 25% to 9% and our order rejection rate from 3% to 1%. Perseuss is a vital part of our fraud defences and we wouldn’t be without it"
Philipp Brinkmann, Tripsta
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