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SEON Launches New Fraud Prevention Solution

Tuesday 8th November, 2022

Hungary-based online fraud prevention platform SEON has announced the Forever Free version of its online fraud prevention software.

Payments magazine, The Paypers, reported that The Forever Free version of the software will support up to 2,000 API calls each month at a rate of two queries per second. Moreover, users will also gain access to email support from SEON’s customer service agents.

Prior to this development, SEON was offering businesses a 14-day free trial of its fraud prevention software. With the new system, once a user’s trial period expires, they will automatically be converted to SEON’s Forever Free plan. Businesses with higher transaction volumes have the option to upgrade to SEON’s Pro plan, which provides more API calls and responses around 10 queries per second.

Officials from SEON cited by finovate.com revealed their plans to tackle fraud head on while increasing the number of businesses that they serve. The same officials highlighted how the company prevents fraud with the use of real-time social signals, phone, email, and IP lookup details complemented by device intelligence and machine learning.

 

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