BioCatch - Detailed Review
Finance Tools
BioCatch - Product Overview
BioCatch Overview
BioCatch is a leading cybersecurity company specializing in behavioral biometrics, particularly within the finance and e-commerce sectors. Here’s a brief overview of their product and its key aspects:Primary Function
BioCatch’s primary function is to detect and prevent various types of online fraud through the analysis of user behavior. The company uses advanced machine learning and cognitive science to monitor and analyze thousands of digital interactions per session, distinguishing between genuine users and cybercriminals.Target Audience
BioCatch’s target audience includes financial institutions, e-commerce platforms, and healthcare organizations. These entities benefit from BioCatch’s solutions to enhance their fraud detection capabilities and protect sensitive data. The company also targets tech-savvy individuals who are concerned about online security.Key Features
Behavioral Analysis
BioCatch analyzes a user’s physical and cognitive digital behavior, profiling and analyzing behavior on multiple levels to deliver profound visibility into risk. This includes monitoring user interactions such as mouse movements, typing patterns, and other behavioral parameters to create a unique user profile.Comprehensive Fraud Coverage
The platform offers comprehensive coverage against various types of fraud, including bots, aggregators, remote access tools, malware, mobile emulators, social engineering voice scams, and credential and personal information theft.Real-Time Visibility and Alerts
BioCatch provides real-time visibility and alerts to help organizations take immediate action against potential fraud. The system integrates application, behavior, device, network, and transactional telemetry to deliver accurate and actionable intelligence.Advanced Technology
The BioCatch Risk Engine is powered by machine learning and optimized against a diverse data set captured across trillions of digital interactions worldwide. This ensures high accuracy with minimal false alarms. The company’s Continuous Behavioral Sequencing™ technology and Predictive Intelligence module further enhance the detection and interdiction of fraudulent activities.User-Friendly Experience
Despite its sophisticated technology, BioCatch offers a seamless and user-friendly experience. Users can access their accounts without additional steps or interruptions, enhancing convenience and trust.Scalability and Industry Recognition
BioCatch’s technology is highly scalable, making it suitable for organizations of all sizes. The company has received numerous awards and accolades for its innovative approach to cybersecurity and is widely deployed by leading banks and financial institutions around the world. By combining these features, BioCatch provides a powerful solution for detecting and preventing online fraud, making it a trusted ally in the fight against cyber threats. BioCatch - User Interface and Experience
Behavioral Insights and Passive Authentication
BioCatch focuses on analyzing users’ physical and cognitive digital behaviors to distinguish between genuine users and cybercriminals. This analysis includes monitoring mouse movements, typing cadence, swipe patterns, and device orientation, which are integrated seamlessly into the user’s interaction with the system. This approach ensures that the authentication process is passive and does not disrupt the user experience.
Frictionless User Experience
The solution is engineered to provide a frictionless experience for both mobile and web users. By incorporating behavioral biometrics into the authentication flow, such as during the SMS OTP process, BioCatch ensures that users do not encounter additional hurdles or steps that could complicate their interaction. For instance, if the BioCatch score reaches a predetermined threshold and the correct OTP is entered, the 2FA process is completed without further user intervention.
Integration and Simplicity
BioCatch’s technology is integrated into existing systems, making it easy for financial institutions to implement without significant changes to their user interfaces. The system supports various financial services, including banking and payments, by identifying anomalies in user behavior that could indicate fraudulent activities. This integration helps maintain a seamless user experience while enhancing security.
Real-Time Rule Simulation
While the user interface details are not explicitly mentioned, the administrative side of BioCatch, such as the Rule Manager with the Rule Simulator feature, allows users to test and simulate new rules in real-time. This feature helps in fine-tuning and validating strategies without disrupting live environments, which indirectly contributes to a smoother user experience by ensuring that fraud detection rules are optimized and accurate.
Overall User Experience
The overall user experience is centered around security without compromising usability. BioCatch’s approach ensures that legitimate users can interact with financial services securely and efficiently, while fraudulent activities are detected and prevented in the background. This balance between security and usability is a key aspect of the BioCatch solution, making it user-friendly and effective in preventing fraud.
In summary, while the exact layout and visual elements of the BioCatch user interface are not detailed, the solution is designed to be seamless, frictionless, and integrated into existing systems, ensuring a positive and secure user experience.
BioCatch - Key Features and Functionality
BioCatch Overview
BioCatch, a leading provider of behavioral biometrics solutions, offers a suite of advanced features and functionalities that are integral to its finance tools, particularly in the areas of fraud detection, anti-money laundering, and user authentication. Here are the main features and how they work:Behavioral Biometric Profiling
BioCatch collects and analyzes over 500 traits, including hand-eye coordination, pressure, hand tremors, navigation, scrolling, and other finger movements. This data is used to create unique behavioral profiles for users, which help in distinguishing legitimate users from fraudsters. The system selects 20 unique features from its extensive metrics to authenticate users without disrupting their experience.Invisible Challenges
BioCatch’s patented Invisible Challenges™ approach injects subliminal “tests” into the system that elicit subconscious responses from users. These tests are undetectable by users and cannot be replicated by cybercriminals, providing a high level of accuracy in fraud detection.User/Criminal Profiling Module
This module collects and analyzes a wide range of behavioral parameters to create detailed profiles of users and potential criminals. It detects parameters most strongly associated with the user, preventing replay attacks and identifying anomalies indicative of fraud.Malware and RAT Detection Module
This module goes beyond traditional solutions by not relying on malware libraries or known device IDs/IP addresses. It can identify Man-in-the-Browser (MitB), spoofing, and RAT-in-the-Browser attacks, providing real-time fraud alerts while minimizing false alarms.Analyst Station
The Analyst Station is a web portal that provides a real-time view of all sessions and their risk scores. It offers a visual picture of session activity, including remote access takeovers, Trojans, malware, and other behavioral anomalies. This tool empowers fraud departments to detect and investigate fraudulent activities more effectively.Predictive Intelligence
BioCatch’s Predictive Intelligence module generates outputs such as threat indicators, risk and genuine factors, risk scores, and unique data points. These outputs, combined with investigation tools, help financial institutions validate user intent and identify potential fraud proactively. The module includes tools like BioCatch Scout, which uses link analysis and visualization to reveal global criminal networks and money laundering operations.Rule Manager
The Rule Manager allows organizations to create policy, scoring, and alert rules based on BioCatch system outputs. It includes a Rule Simulator feature to evaluate expected results before deploying new rules, helping to reduce fraud in real-time and ease back-end operations.Insights Query Engine (IQE)
The IQE is a tool that enables the analysis of structured BioCatch data. It allows organizations to quickly identify fraudulent activities by cross-analyzing BioCatch data with other data sources, leveraging top-market technologies like Snowflake.Integration with Financial Platforms
BioCatch integrates with platforms like Q2’s Digital Banking Platform, providing real-time analysis of physical behavioral patterns and cognitive signals. This integration enables financial institutions to access BioCatch’s fraud-fighting technology seamlessly, enhancing their defense against fraud and financial crime.AI and Machine Learning
BioCatch’s solutions are driven by advanced AI and machine learning technologies. These technologies analyze thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. The system continuously learns and adapts to new patterns of legitimate and fraudulent behavior, ensuring high accuracy in fraud detection and minimal disruption to the user experience.Conclusion
These features collectively provide a comprehensive and proactive approach to fraud detection and prevention, ensuring that financial institutions can protect their customers’ assets while maintaining a frictionless user experience. BioCatch - Performance and Accuracy
BioCatch Overview
BioCatch, a leading provider of behavioral biometrics solutions, has demonstrated strong performance and accuracy in the finance tools AI-driven product category, particularly in fraud prevention and detection.
Performance Highlights
- BioCatch’s platform, such as the BioCatch 2.0 release, is optimized for extensive scalability, which is crucial for enterprise customers. It collects rich data on behavioral parameters and processes risk-score calculations in less than 500 milliseconds, ensuring real-time behavioral insights.
- The system has a smaller footprint due to lighter JavaScript code, allowing for faster page loads and seamless data collection. This enhances the user experience without introducing friction.
- BioCatch Connect™, their integrated solution, is praised for its seamless integration with banking systems, making it a preferred choice for many financial institutions.
Accuracy and Detection Capabilities
- BioCatch’s behavioral biometrics platform is highly effective in identifying and preventing various types of fraud, including remote access Trojans, bots, aggregators, and malware. For instance, it has enhanced detection capabilities against threats like Ramnit.
- The platform has shown significant improvements in detecting social engineering scams, with a reported 50% increase in impersonation scam detection within the first three months of implementation.
- BioCatch also excels in mule account detection, boasting a 90% faster detection rate compared to traditional methods.
Analytics and Tools
- The Analyst Station, BioCatch’s flagship analytics tool, features a new graphical user interface that enables fraud teams to investigate and analyze fraud cases more effectively. The tool includes expanded search capabilities and improved analysis of search results, as well as enhanced mobile app analytics.
- BioCatch’s solutions are grounded in advanced cognitive science and machine learning, analyzing thousands of user interactions to support a secure digital banking environment.
Limitations and Areas for Improvement
- While BioCatch is at the forefront of digital fraud detection, the evolving nature of threats, particularly those powered by AI, presents ongoing challenges. AI can significantly enhance the sophistication and success of scams, requiring continuous updates and innovations in detection strategies.
- The report by BioCatch highlights that financial institutions must adopt new strategies and technologies to keep up with AI-powered attacks, indicating a need for constant innovation and adaptation in BioCatch’s solutions to stay ahead of emerging threats.
Conclusion
In summary, BioCatch’s performance and accuracy are well-documented through its advanced behavioral biometrics platform, which offers real-time insights, enhanced detection capabilities, and seamless integration. However, the dynamic nature of digital threats, especially those leveraging AI, necessitates ongoing improvements and adaptations to maintain its effectiveness.
BioCatch - Pricing and Plans
Pricing Structure Overview
When it comes to the pricing structure of BioCatch, there are several key points to consider, although detailed pricing information is not publicly available.No Publicly Available Pricing Details
BioCatch does not provide public details on their pricing plans, including different tiers or specific features available in each plan. This is a common practice for many enterprise-level cybersecurity solutions, as pricing often depends on the specific needs and scale of the client.No Free Trial or Free Version
BioCatch does not offer a free trial or a free version of their service. This indicates that the product is likely targeted at organizations that are committed to investing in advanced fraud protection and behavioral biometrics.Custom Pricing
Given the absence of public pricing information, it is likely that BioCatch provides custom pricing based on the client’s requirements. This could involve a detailed assessment of the client’s needs, the volume of transactions, and the specific features required to combat fraud effectively.Advanced Features and Modules
BioCatch offers advanced modules such as the BioCatch Rule Manager, Analyst Station, Case Manager, and Policy Manager. These modules are part of a comprehensive system that analyzes over 2,000 parameters to create unique user profiles and detect fraudulent activities. However, the exact pricing for these modules is not disclosed publicly.Contact for Pricing Information
If you are interested in obtaining specific pricing information, it is recommended to contact BioCatch directly or request a quote through their official channels. BioCatch - Integration and Compatibility
BioCatch Overview
BioCatch, a leader in digital fraud detection and financial crime prevention, integrates its solutions with various platforms and tools to enhance security and efficiency for financial institutions. Here are some key points on its integration and compatibility:
Integration with Google Cloud
BioCatch has partnered with Google Cloud to extend its fraud-prevention solutions, particularly in emerging markets like Southeast Asia. This partnership leverages Google Cloud’s secure and flexible cloud-computing solutions to provide real-time protection and enhance the accuracy and speed of fraud detection. By combining BioCatch’s behavioral biometric intelligence with Google Cloud’s infrastructure, financial institutions can better combat sophisticated digital financial crimes.
Integration with Q2 Digital Banking Platform
BioCatch has integrated its fraud-fighting technology with Q2’s Digital Banking Platform through the Q2 Partner Accelerator Program. This integration allows Q2 customers to access BioCatch’s real-time analysis of physical behavioral patterns (such as mouse movements and typing speed) and cognitive signals (like hesitation and segmented typing). This helps banks to flag anomalies and stop fraudsters before they can execute fraudulent activities. The Q2 Innovation Studio enables financial institutions to quickly deploy these standardized integrations.
Behavioral Biometrics for Mobile
BioCatch’s platform is compatible with mobile devices, providing seamless and secure mobile banking experiences. It uses behavioral biometrics to monitor and analyze user behavior on mobile devices, including interactions such as touch, orientation, and gyro data. This allows for the detection of fraudulent activities like malware, Remote Access Tools, mobile emulators, social engineering scams, and device theft without introducing friction to the user experience. The BioCatch SDK/JavaScript can be embedded into mobile applications or websites to support both native mobile applications and popular application frameworks like Ionic and React Native.
Cross-Platform Compatibility
BioCatch’s solutions are designed to be compatible across various devices and platforms, including Android and iOS devices. The platform secures mobile banking sessions conducted within mobile browsers or applications, protecting against Account Opening and Account Takeover attacks. This ensures that financial institutions can add user functionality to their mobile banking experience without adversely impacting customer engagement or introducing additional risk.
Comprehensive Data Analysis
BioCatch’s technology integrates application, behavior, device, network, and transactional telemetry continuously from session inception to completion. This holistic approach enhances signal fidelity, reduces false positives, and provides greater efficacy for fraud and AML teams. The BioCatch Connect portfolio, for instance, combines behavioral insights with mobile-specific contextual data to deliver optimal fraud protection.
Conclusion
In summary, BioCatch integrates its advanced fraud detection and financial crime prevention solutions with major platforms like Google Cloud and Q2’s Digital Banking Platform, ensuring compatibility across a wide range of devices and systems. This integration enables financial institutions to enhance their security measures and protect their customers from sophisticated digital threats.
BioCatch - Customer Support and Resources
BioCatch offers a comprehensive range of customer support options and additional resources to ensure their clients are well-equipped to manage and prevent digital fraud and financial crime.
Customer Support
BioCatch provides multiple channels for customer support:- Customers can contact BioCatch via phone at 1 917 338 6544.
- Support is also available through email.
- For a more in-depth discussion, customers can request a briefing.
BioCatch Connect
BioCatch Connect is a centralized platform that serves as a hub for various resources and support materials. Here, customers can:- Access product release notes, documentation, feature announcements, and data sheets.
- View customer webinar recordings, deployment guides, and customer success stories.
- Create new support cases, check the status of open cases, and review ticket history.
Additional Resources
BioCatch offers several resources to help customers stay informed and equipped:- Annual Reports and Surveys: BioCatch releases annual reports, such as the 2024 report on AI’s impact on digital fraud and financial crime, which provides insights into emerging trends and threats. These reports include survey findings and strategies for combating AI-powered scams.
- Webinars and Guides: Customers can access webinars and deployment guides that cover topics like social engineering scam detection, account opening protection, and mule account detection. These resources help financial institutions improve their fraud detection capabilities.
- Behavioral Biometric Intelligence: BioCatch leverages machine learning (ML) and AI models to detect behavioral differences between genuine users and fraudsters. This allows for proactive fraud detection and strategies that reduce friction and enhance security.
Customer Success and Engagement
BioCatch emphasizes the importance of customer success by providing a platform where customers can share their experiences and success stories. This community aspect helps in fostering a collaborative environment where best practices and strategies can be shared among users. By offering these support options and resources, BioCatch ensures that its customers are well-supported and equipped to handle the challenges of digital fraud and financial crime effectively. BioCatch - Pros and Cons
Advantages of BioCatch
Comprehensive Behavioral Analysis
BioCatch leverages a vast database of behavioral insights, collected from trillions of interactions and billions of sessions, to continuously monitor and analyze user activity. This allows for the detection of unique physical and cognitive traits that distinguish legitimate users from fraudsters.
Real-Time Monitoring and Risk Assessment
The system provides real-time monitoring and risk assessment, evaluating transactions based on digital session activity, devices, IP addresses, and behavioral patterns. This enables quick identification and action against fraudulent activities before they cause harm.
Advanced Fraud Detection
BioCatch offers protection against a wide range of fraud tactics, including account takeover, bots, automated attacks, financial malware, and social engineering scams. It can detect anomalies in user behavior, such as unusual speed or patterns of data entry, which are indicative of fraudulent activity.
Industry-Leading Innovation
BioCatch has over 60 patents supporting its innovative technology and is the first to introduce a country-specific network for sharing financial crime intelligence. This network strengthens with each new member institution, enhancing the detection of mule accounts and other fraudulent activities.
Enhanced Security and Privacy
The system ensures personal data security using hashed identifiers, data masking, and encryption. This robust privacy-by-design approach ensures that member bank data is secure and never shared.
Collaborative Approach
BioCatch fosters collaboration across the financial industry, allowing banks to share intelligence and evaluate the risk of inter-bank transactions. This collective approach strengthens the overall defense against fraud.
Disadvantages of BioCatch
Implementation and Integration
While the benefits of BioCatch are significant, implementing and integrating such a sophisticated system can be complex and time-consuming. This may require substantial resources and technical expertise from the financial institutions adopting it.
Dependence on Data Quality
The effectiveness of BioCatch relies heavily on the quality and volume of the behavioral data it analyzes. Any gaps or inaccuracies in the data could potentially lead to false positives or false negatives in fraud detection.
Continuous Maintenance and Updates
Given the evolving nature of cyber threats, BioCatch’s models and algorithms need continuous updates and maintenance to remain effective. This ongoing requirement can be resource-intensive and may incur additional costs.
Potential for False Alerts
As with any advanced fraud detection system, there is a possibility of false alerts or misidentification of legitimate users as fraudsters. This could lead to unnecessary friction for genuine customers and additional workload for fraud analysts.
In summary, BioCatch offers powerful advantages in fraud detection and prevention through its advanced behavioral biometrics and real-time monitoring. However, it also comes with the need for careful implementation, ongoing maintenance, and the potential for false alerts.
BioCatch - Comparison with Competitors
When Comparing BioCatch to Competitors
When comparing BioCatch to its competitors in the finance tools AI-driven product category, several key differences and unique features become apparent.
BioCatch Key Features
BioCatch specializes in behavioral biometrics, analyzing over 2,000 parameters of physical and cognitive digital behavior to detect potential threats. Its platform is divided into four modules:
- BioCatch Rule Manager: For real-time fraud prevention.
- Analyst Station: For investigating data and identifying threat vectors.
- Case Manager: For resolving cases of false positives.
- Policy Manager: For creating and managing internal business policies.
BioCatch is particularly strong in detecting advanced emulators and offers modules for mule account detection, social engineering scam detection, and account takeover protection. However, it is on the higher end of the pricing spectrum and is generally geared towards enterprise-level businesses.
SEON
SEON stands out as a more comprehensive and affordable alternative. Here are some key differences:
- Data Enrichment: SEON uses reverse email and phone lookup tools, drawing data from over 90 social media platforms to create a detailed digital footprint of users. This is not a feature offered by BioCatch.
- Pricing: SEON offers a free tier option and transparent, affordable pricing, making it more accessible to a wider range of businesses.
- Behavioral Analytics: Like BioCatch, SEON has behavioral analytics capabilities but also integrates with other tools for a more holistic approach to fraud prevention and AML compliance.
Sift
Sift is another strong competitor, especially for businesses needing a wide range of fraud prevention tools:
- Integrated Suite: Sift offers a suite of tools including Payment Protection, Content Integrity, Account Defense, Passwordless Authentication, and Dispute Management. This makes it versatile for various industries such as ecommerce, iGaming, and financial technology.
- Real-Time Analytics: Sift uses real-time machine learning to detect fraudulent behavioral patterns, which is similar to BioCatch’s real-time fraud prevention capabilities but with a broader application scope.
- Ease of Use: Sift’s monitoring console is user-friendly, and it introduces friction only when necessary, ensuring a smooth customer experience.
ThreatMetrix
ThreatMetrix, now part of LexisNexis, offers a different approach:
- Device Fingerprinting: ThreatMetrix enhances fraud assessments through a vast database of malicious IP addresses and device fingerprints. This provides valuable insights into transaction risks and device identity integrity.
- Integration: It is known for easy integration and real-time analytics, making it ideal for assessing transaction risks.
Veriff
Veriff focuses on customer identity verification and AML screening:
- ID Verification: Veriff processes a broad range of documentation across 45 languages and dialects, and it includes assisted image capture and biometric authentication to reduce friction in the customer journey.
- Compliance: It is aimed at fintech, metaverse, education, healthcare, iGaming, crypto, and HR management, helping companies stay compliant with KYC and AML regulations.
Other Competitors
Other notable competitors include:
- HYPR: Specializes in identity security and passwordless authentication solutions, offering an identity assurance platform.
- Incognia: Focuses on location identity solutions and user verification, detecting anomalies in user behavior based on location data.
- ComplyAdvantage: Provides a financial crime risk data and detection platform using AI, offering a database of people and companies to help with compliance.
- Socure: Offers digital identity verification and fraud prediction, with a platform that integrates into various financial services sectors.
Each of these alternatives has unique strengths and may be more suitable depending on the specific needs and budget of the organization. For instance, if advanced behavioral analytics and integration with other fraud prevention tools are crucial, BioCatch might still be the best choice. However, for businesses seeking more affordable, comprehensive, and flexible solutions, SEON or Sift could be more appropriate.
BioCatch - Frequently Asked Questions
What is BioCatch and what does it do?
BioCatch is a global leader in digital fraud detection and financial crime prevention, utilizing behavioral biometric intelligence. It helps financial institutions protect their customers’ financial assets from fraud, money laundering, and cyber threats through its integrated solution, BioCatch Connect™.
How does BioCatch detect fraud?
BioCatch uses advanced behavioral biometrics, analyzing thousands of user interactions to identify anomalies in user behavior. This approach helps differentiate between genuine users and fraudsters, even when fraudsters use sophisticated methods like deepfakes and AI-powered scams. The system generates threat indicators, risk scores, and unique data points to help financial institutions validate user intent and identify potential fraud.
What specific types of fraud can BioCatch detect?
BioCatch offers solutions for several types of fraud, including:
- Mule Account Detection: Identifies accounts used by money mules with a higher detection rate compared to traditional methods.
- Social Engineering Scam Detection: Enhances the detection of impersonation scams, particularly within the first few months of deployment.
- Account Opening Protection: Improves fraud detection rates during the new account opening process.
- Account Takeover Protection: Detects account takeover fraud with a high average detection rate.
- Inherence Analysis for SCA: Reduces customer friction while complying with Strong Customer Authentication (SCA) regulations.
How does BioCatch use AI and machine learning?
BioCatch leverages AI and machine learning models to learn and analyze user behavior during online banking sessions. These models can detect small behavioral differences between genuine users and fraudsters, allowing for proactive fraud detection. The system also uses predictive intelligence to generate outputs such as risk scores and threat indicators, which help in validating user intent and identifying potential fraud.
What tools and features does BioCatch offer for fraud analysis?
BioCatch provides several tools for fraud analysis, including:
- BioCatch Scout: A graphical UI enhancement for Mule Account Detection that helps in visualizing and investigating global criminal networks.
- Analyst Station: Allows fraud analysts to reconstruct high-risk events and gain detailed session information.
- Rule Manager: Enables organizations to create and simulate rules for real-time fraud detection and policy implementation.
- Insights Query Engine (IQE): Facilitates the analysis of structured BioCatch data to identify fraudulent activities quickly.
How does BioCatch help smaller financial institutions?
BioCatch helps smaller financial institutions by providing them with the tools and strategies to combat AI-powered fraud and deepfake attacks. It advises these institutions to define success metrics, track and organize data, and leverage this data to automate decisions. This approach helps in targeting fraud while reducing friction and allowing human resources to focus on more complex issues.
What is the impact of AI on the fraud landscape according to BioCatch?
According to BioCatch, AI has significantly enhanced the capabilities of fraudsters, allowing them to create more sophisticated and personalized scams. This has led to increased losses for financial institutions, with many reporting losses between $5 and $25 million to AI-powered attacks in 2023. BioCatch emphasizes the need for financial institutions to adopt new strategies and technologies to counter these AI-driven threats.
How does BioCatch collaborate with other entities to fight fraud?
BioCatch collaborates with banks, regulators, and law enforcement to share information and strategies to combat fraud. The company believes that since fraudsters collaborate and share information, fraud fighters must do the same to effectively counter these threats. BioCatch also partners with other organizations, such as The Knoble, to advance this collaborative approach.
What kind of support and resources does BioCatch offer to its customers?
BioCatch provides various resources, including white papers, analyst reports from industry leaders like Gartner and Forrester, and webinars. These resources help financial institutions stay updated on the latest fraud trends, challenges, and innovations. Additionally, BioCatch offers tools like the Analyst Station and Insights Query Engine to support in-depth fraud investigations.
How does BioCatch ensure compliance with regulatory requirements?
BioCatch helps financial institutions comply with regulatory requirements such as Strong Customer Authentication (SCA) through its Inherence Analysis for SCA. This solution reduces customer friction while ensuring compliance, and it has been shown to reduce transaction declines and abandonment rates.