Is Your Platform Struggling with Rising Fraud and Security Challenges?
Protect your platform from fraud, safeguard user trust, and maintain profitability in the face of evolving security threats.
High Account Takeover (ATO) Rates
Credential stuffing and phishing give fraudsters instant access to wallets, leading to unauthorized P2P transfers and chargebacks that erode margins.
Fraud from Social Engineering
Romance, "family emergency," and fake-invoice scams trick users into sending money, forcing platforms to mediate losses and damaging brand trust.
Real-Time Transaction Exploits
Instant payouts leave seconds to act; once funds settle, recovery is unlikely, driving up direct loss and customer churn.
Synthetic Identity Fraud
Fraudsters blend real and fake data to open accounts, bypass KYC, and build credible histories before executing large-value P2P cash-outs.
Combat Fraud Instantly with FraudNet's Advanced Solutions
Boost security and trust for P2P payments by swiftly detecting and thwarting fraudulent activities.
Real-Time Transaction Monitoring
Score and block risky transfers before funds leave.
Behavioral Biometrics
Identify unusual typing, device, or geo patterns.
Entity Screening & Onboarding
Verify IDs against AML and fraud lists at signup.
Anomaly Detection Engine
Flag outlier accounts or payments for review.
AI-Native Real-Time Detection
FraudNet instantly evaluates every P2P transaction, seamlessly adapting to new threats. By intercepting fraud before it impacts your bottom line, our AI-driven solution ensures your platform stays secure and trustworthy, allowing you to focus on growing your business without fear of financial loss.
Unified Investigation Workspace
Streamline your fraud investigation process with a unified portal that consolidates alerts, evidence, and communications. This efficient workspace significantly reduces investigation time and analyst workload, allowing you to focus on growing your P2P payment platform with confidence and security.
Lower False Positives, Higher Trust
Boost your platform's credibility with precision models that minimize false positives. By accurately distinguishing legitimate transactions from fraudulent ones, you'll maintain transaction volume, reduce user frustration, and enhance trust, ensuring your P2P payment service remains a reliable choice for customers.
Impact & Results
Delivering Results that Matter
We don’t just promise better fraud control—we deliver tangible improvements that protect your business.
97%
Fewer False Positives
Approve more valid transactions confidently.
88%
Fraud Reduction
Experience double-digit reductions in fraud-related chargebacks
60%
Cost Savings
Save time and resources while securing your revenue.
Why FraudNet
Future-Proof Your Fraud & Risk Program
With an integrated platform designed for precision, agility, and impactful results, enabling your team to make smarter decisions, improve operational efficiency, and fuel your business growth.
Customizable & Scalable
No-code rules engine, flexible dashboards, and tailor-made machine learning models that are designed to adapt seamlessly and scale alongside your business.
End-to-End Platform
Unify fraud detection, compliance, and risk management into one powerful solution, saving valuable time and streamlining your operations.
AI Precision You Can Rely On
Reduce false positives, detect and prevent more fraud, and mitigate risk with highly accurate, real-time risk scoring and anomaly detection you can trust.
Real-Time Fraud Intelligence
Leverage advanced analytics, comprehensive reporting, and our Global Anti-Fraud Network to make faster, smarter decisions on the spot.
Testimonials
Real Success From Real Teams
Fraud.net’s flexibility has helped our AfterPay business grow by allowing us to meet our increasingly complex customer and country requirements. Their platform has enabled Arvato to increase our agility and significantly reduce fraud attacks.
Director Risk & Fraud, Arvato
FraudNet's combination of customized machine learning and flexible rules management has been transformative. We've achieved dramatic efficiency gains while maintaining robust fraud protection - a game-changer as we navigate evolving regulatory requirements.
Head of Financial Crime, Countingup
The great usability of Fraud.net is night and day when comparing it to our prior risk prevention platform. Reporting is also faster, more straightforward, and more impactful. With Fraud.net, we can easily visualize and share findings, providing our leadership with a clear understanding of the return-on-investment for our activities in real-time.
Fraud Manager, Global Financial Institution
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FAQs
What is P2P fraud and how does it occur?
P2P fraud involves the unauthorized use of peer-to-peer payment platforms to transfer or steal funds. It typically occurs when fraudsters gain access to a user's account through phishing, social engineering, or exploiting security vulnerabilities. Once access is gained, they can transfer money to accounts they control, leaving the victim with unauthorized transactions. Users should be cautious of suspicious links and ensure their accounts have strong, unique passwords to prevent such fraud.
How can I detect P2P fraud in my transactions?
Detecting P2P fraud involves monitoring for unusual activity, such as transactions to unknown accounts, large transfers, or multiple small transactions within a short period. Implementing fraud detection software that uses machine learning and anomaly detection can help identify such patterns. Setting up alerts for transactions above a certain threshold and regularly reviewing transaction history are also effective ways to spot potential fraud.
What steps should I take if I suspect P2P fraud?
If you suspect P2P fraud, immediately report the suspicious activity to your payment provider and freeze your account to prevent further unauthorized transactions. Change your passwords and review account security settings. Gather evidence, such as transaction details and communication records, to support your case. Contact your financial institution and local authorities to inform them of the fraud. Prompt action increases the chances of recovering lost funds and preventing future incidents.
How can P2P payment platforms enhance security to prevent fraud?
P2P payment platforms can enhance security by implementing multi-factor authentication, encryption, and regular security audits. They should also use machine learning algorithms to detect suspicious activity and provide real-time alerts for potentially fraudulent transactions. Educating users on security best practices, such as recognizing phishing attempts and using strong passwords, can further reduce the risk of fraud. Continuous updates to security protocols help protect against emerging threats.
What role does user education play in preventing P2P fraud?
User education is crucial in preventing P2P fraud as it empowers individuals to recognize and avoid potential scams. Educating users about common fraud tactics, such as phishing and social engineering, helps them identify red flags. Providing guidance on creating strong passwords, enabling two-factor authentication, and spotting suspicious transaction requests can significantly reduce the likelihood of falling victim to fraud. Informed users are more vigilant and better equipped to protect their financial information.
What are the legal consequences of committing P2P fraud?
The legal consequences of committing P2P fraud can be severe, including criminal charges such as fraud, identity theft, and cybercrime. Penalties may involve fines, restitution, and imprisonment, depending on the severity and jurisdiction. Civil lawsuits from affected parties may also occur, leading to additional financial liabilities. Legal repercussions aim to deter fraudulent activities and protect consumers, emphasizing the importance of ethical conduct in financial transactions.