Chicago-based Lyons Consulting Group (LYONSCG) has become a systems integration partner of Riskified, a venture-backed eCommerce fraud prevention solution provider. Riskified enables online merchants to accept credit card transactions they would otherwise decline, as it covers all approved orders with a 100% chargeback guarantee in case of fraud.
Riskified’s data shows that between 40% and 80% of transactions typically denied by online merchants are actually false declines, meaning they are legitimate transactions that should have been approved. Falsely rejecting good orders results not only in lost revenue, but also in insulted customers. Online merchants that invest in reducing false declines stand to significantly increase revenues and improve consumers’ shopping experience. Retailers such as Burton, Vestiaire Collective, Farfetch, and Ssense have all achieved higher approval rates with Riskified.
Thanks to the exceptional accuracy of its fraud review process, Riskified can identify and prevent fraud while ensuring good customers are not turned away. With full chargeback insurance on approved orders and pay-for-performance model, Riskified is an economical and effective solution in helping merchants fight fraud and improve their top- and bottom-line sales. For more information, please visit us at http://www.riskified.com.
About Lyons Consulting Group
Lyons Consulting Group is headquartered in Chicago with offices around the world, the firm offers a full range of digital strategy, digital marketing, application hosting and support, experience design, and eCommerce implementation services for the Demandware, hybris, and Magento platforms.
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