As online shopping continues to increase around the world, companies are constantly looking for new ways to protect their customers without negatively affecting the experience.
JD Finance, owned by China eCommerce giant JD.com, has now selected us to provide its fraud protection.
We’re working with JD Finance to jointly develop an anti-fraud system for its online transactions. JD.com will use FraudNet, our industry-leading fraud detection and prevention solution, to spot and block fraud.
The rise of internet fraud in China has made Chinese online shoppers vulnerable.
The use of big data analytics in our anti-fraud solution to elevate online security is especially vital, both in China as well as around the world.
To work specifically with JD.com, FraudNet was specially-tailored for the Chinese market and the localised anti-fraud solutions are able to effectively detect and prevent fraudulent payments and transactions that are unique to the Chinese e-commerce environment.
To prevent fraud threats, FraudNet analyses the behavioural data of JD.com customers and recognises every device used to access websites.
As a result, it provides the ability to detect and identify suspicious activity before a fraud attempt is done.
JD.com’s launch of FraudNet marks its first deployment in China and is Experian’s largest roll-out to date.
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