Friendly fraud costs merchants over $40billion a year. The current tools to curb these losses are expensive, and based on giving refunds or fighting disputes. Kombatix has built an AI driven solution that helps merchants fight friendly fraud and refund fraud at the source of the dispute - with the fraudster. Based on a transaction screening network of over 9 billion transactions a year, Kombatix uses AI to determine friendly fraud likelihood and IDV validation of the fraudster. Strategic partnerships are already in place to launch via payment orchestration platforms and traditional fraud product providers. A small investment is desired to polish the product and create the final signup and onboarding mechanisms to go to mass market.
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