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Fraud Recovery Assistant
Adeptra's Decision Engine monitors trailing transactions, automatically gathers necessary information from consumers, and provides status updates throughout the recovery lifecycle.
Fraud recovery teams spend a great deal of time following up with consumers for fraud affidavits and other supporting documentation they need to support chargebacks. When additional trailing transactions post to fraud accounts, skilled recovery agents must contact consumers to determine if these transactions are valid or relate to the compromise event. Follow-ups are arduous and time-consuming tasks that contribute to significant business overhead. Many organizations report that recovery agents spend at least 25% or more of their time performing these tasks.
When faced with tight timeframes within which to recover potential fraud losses, it makes good business sense to employ an intelligent solution that can automatically perform the necessary follow-up activities so that the time spent by skilled employees is maximized on recovery efforts. That is why Adeptra's Decision Engine monitors for trailing transactions and systematically determines when the consumer should be contacted to validate the new transactions. It also identifies when it is appropriate to contact a consumer to deliver or request additional information needed to support the chargeback process.
Adeptra's Decision Engine streamlines recovery efforts by:
- Automatically following-up with consumers so that agents can stay focused on recovering money, increasing staff throughput by at least 25%
- Resolving cases faster to avoid losing chargeback rights due to missed timeframes, increasing recovery rates by more than 10%
- Improving the consumer experience as they no longer have to call back once a trailing transaction has posted to their account
With Adeptra's Decision Engine, our clients gain speed by automatically handling routine follow-up activities with consumers while extending the reach of interactions across any channel.
