Product Overview of CashShield
CashShield is a global online fraud risk management company that specializes in detecting and preventing online fraud using advanced technologies such as artificial intelligence (AI), high-frequency trading algorithms, and real-time pattern recognition.
What CashShield Does
CashShield is designed to protect enterprises from various types of online fraud, including payment and account fraud. The platform secures transactions, logins, and account creations in real-time, ensuring maximum scalability and minimal friction for legitimate users. With operations in the U.S., Europe, China, and Southeast Asia, CashShield safeguards over 10 million user accounts and processes more than $5 billion worth of transactions annually.
Key Features and Functionality
1. AI-Powered Technology
CashShield leverages AI to automate fraud detection and prevention without the need for human intervention, such as data scientists or fraud analysts. This allows for instant decisions to accept or reject transactions, logins, and account creations.
2. High-Frequency Trading Algorithms
The platform uses complex algorithms inspired by high-frequency trading techniques to analyze transactions as part of a portfolio. This approach enables high-speed decision-making, optimizing fraud risk while maximizing potential returns for merchants.
3. Real-Time Pattern Recognition
CashShield employs real-time pattern recognition to identify fraudulent patterns, even in new transactions without historical data. This ensures unparalleled accuracy in detecting fraud.
4. Passive Biometric Analytics
The platform utilizes passive biometric analytics to map user behavior and identify genuine users versus fraudsters. This is achieved through unique user fingerprints, effectively filtering out fraudulent activities.
5. Device Fingerprinting and Intelligence
CashShield includes features like Device ID, a global standard for device identification, which helps persistently and accurately identify physical devices behind fraudulent activities. This prevents fraudsters from evading detection through device parameter changes or factory resets.
6. Comprehensive Protection
The platform provides end-to-end protection at various points of entry and vulnerabilities, including credit transfers, withdrawals, account creations, and logins. It also covers online, mobile, POS, and call center transactions.
7. Address Verification and Additional Checks
CashShield includes address verification services, Card Verification Value (CVV) checks, bin lookup, geo-location checks, and payer authentication to ensure robust fraud prevention.
8. 100% Chargeback Protection
Since its inception, CashShield has offered an unprecedented 100% Chargeback Protection, providing comprehensive protection for businesses against fraudulent transactions.
9. Scalability and Automation
The platform is fully automated, allowing businesses to scale with ease without the need for manual reviews or unnecessary verification steps that can add friction and reduce user engagement.
By combining these advanced technologies, CashShield provides a robust and scalable solution for enterprises to manage and mitigate online fraud effectively, ensuring a safe and reliable digital environment for their users.