Product Overview of Corgi Labs
Corgi Labs is an advanced payments optimization engine designed to help businesses enhance their revenue by improving payment acceptance rates, reducing fraud, and providing comprehensive analytics.
What Corgi Labs Does
Corgi Labs specializes in preventing fraud and optimizing payment processes using cutting-edge AI and machine learning technologies. The platform aims to bridge the gap between complex payment systems and business understanding, empowering companies to make informed decisions and maximize their revenue potential.
Key Features and Functionality
Fraud Prevention
Corgi Labs employs a sophisticated approach called Clustering Optimized Rule Generation Intelligence (CORGI) to prevent fraud. This method utilizes ensemble machine learning algorithms, including recursive feature elimination, optimized k-means clustering, and tuned random forest, to identify and prevent fraudulent transactions with high precision and recall. This approach minimizes both false declines and missed fraudulent activities.
Customized Solutions
Upon onboarding, clients receive a personalized dashboard and a set of customized rules tailored to their specific business needs. These solutions are designed to optimize fraud prevention and payment processing, ensuring that each business gets a bespoke approach to its unique challenges.
Data Analytics and Insights
Corgi Labs provides detailed analytics and auto-generated reports that offer transparent insights into payment processes. This helps businesses understand their payment data better, make data-driven decisions, and optimize their revenue streams.
Easy Setup and Integration
The onboarding process is seamless and efficient, allowing businesses to integrate Corgi Labs with popular payment providers such as Stripe, Adyen, and others. The platform can be accessed via the web app or discovered through marketplaces like the Stripe Marketplace.
Data Security
Corgi Labs prioritizes the security and confidentiality of clients’ data, ensuring that all transactions and data are handled with the utmost care and compliance with security standards.
Revenue Improvement
By reducing false declines and preventing fraud, Corgi Labs helps businesses recover good customers and increase their revenue. According to their research, minimizing false declines can prevent significant losses in lifetime value (LTV) and customer acquisition costs (CAC).
Pricing and Plans
Corgi Labs offers a range of pricing plans to cater to different business needs:
- Startup Plan: $99/month, includes a payments dashboard for a single payment provider, a fraud dashboard, and access to 1:1 payments expert sync on demand.
- Pro Plan: $399/month, includes everything in the Startup plan plus monthly payments analytics reports and automated fraud prevention and payment optimization.
- Enterprise Plan: $1299/month, includes everything in the Pro plan with the addition of a payments dashboard that aggregates all payment providers and weekly payments analytics reports.
- Custom Plan: Available for businesses with unique needs, requiring a tailored solution.
Additional Benefits
- Automated Payment Optimization: Built into the integrations with Stripe and Adyen, this service charges 0.20% of Gross Merchandise Value (GMV) if chargeback rates can be reduced by 10%.
- 30-Day Free Trial: All clients are eligible for a 30-day free trial to experience the services before committing.
In summary, Corgi Labs is a powerful tool for businesses seeking to optimize their payment processes, reduce fraud, and increase revenue through advanced AI-driven solutions and comprehensive analytics.