{"id":798070,"date":"2025-01-06T09:27:49","date_gmt":"2025-01-06T14:27:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/riskified-and-appriss-retail-announce-pioneering-omnichannel-returns-fraud-prevention-solution\/"},"modified":"2025-01-06T09:27:49","modified_gmt":"2025-01-06T14:27:49","slug":"riskified-and-appriss-retail-announce-pioneering-omnichannel-returns-fraud-prevention-solution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/riskified-and-appriss-retail-announce-pioneering-omnichannel-returns-fraud-prevention-solution\/","title":{"rendered":"Riskified and Appriss Retail Announce Pioneering Omnichannel Returns Fraud Prevention Solution"},"content":{"rendered":"

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Riskified and Appriss Retail Announce Pioneering Omnichannel Returns Fraud Prevention Solution<\/b><\/p>\n

New partnership equips merchants with the ability to combat payments fraud and returns fraud and abuse across the entire customer journey<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–Riskified<\/a> (NYSE:RSKD), a leader in ecommerce fraud and risk intelligence, and Appriss Retail, a top provider of return and claim authorization solutions, are excited to announce a groundbreaking partnership set to transform the retail landscape. This innovative collaboration aims to address the growing challenges of omnichannel fraud and abuse by integrating comprehensive data on consumer shopping patterns throughout the entire customer journey \u2014 both in physical stores and online. From checkout to post-fulfillment, this initiative will deliver real-time protection for retailers across all channels, ensuring a secure and seamless shopping experience for their customers.<\/p>\n

A new era in omnichannel fraud prevention<\/b><\/p>\n

\nIn today\u2019s rapidly evolving retail landscape, ensuring a seamless in-store and online customer experience while safeguarding against returns fraud is paramount. Through this partnership, Riskified and Appriss Retail can leverage their combined data and expertise to deliver a solution that significantly enhances merchants\u2019 ability to prevent fraud and policy abuse consistently across all channels, whether online or in-store, from purchase to return. By joining forces, the two companies have one of the most comprehensive views of consumer behavior available to the retail industry, providing an unparalleled resource for combating retail fraud and abuse.<\/p>\n

\nRiskified and Appriss Retail are committed to pioneering smart solutions that address the evolving challenges of modern retail. By utilizing cutting-edge technology and data-driven insights, these industry leaders are setting a new standard in fraud prevention.<\/p>\n

\n“The return and claim landscape is evolving quickly, and fraud and abuse continue to be significant challenges for merchants, hitting over $100 billion in losses for retailers, as highlighted in ourannual returns report<\/a> with Deloitte,\u201d said Michael Osborne, CEO, Appriss Retail. \u201cThe challenge for merchants has been achieving a comprehensive omnichannel view, which, until this alliance with Riskified, did not exist. Together, we’re equipping merchants with the tools to combat return and claim fraud across all channels while delivering the best possible experience for their consumers. By combining our individual strengths, Appriss Retail and Riskified have created an unparalleled omnichannel solution for merchants.”<\/p>\n

\n\u201cAs return and refund abuse continues to escalate, merchants today face the dual challenge of enhancing customer satisfaction while managing this significant risk. Our new partnership with Appriss Retail directly addresses this issue by offering, for the first time, true omnichannel fraud and policy abuse protection. This comprehensive offering seamlessly integrates online and offline channel data, streamlining workflows, reducing overhead costs, stemming losses, and providing a unique, unified view of customer interactions. We\u2019re excited to leverage this partnership to deliver greater value and innovation to our clients,\u201d said Eido Gal, CEO of Riskified.<\/p>\n

Key benefits of the partnership:<\/b><\/p>\n