Forter has announced it has partnered with Save the Children Australia on a pro-bono initiative to reduce attempted donation fraud.
As the country’s largest not-for-profit development agency for children, Save the Children Australia reaches thousands of children across hundreds of communities, with the support of funding from more than 116,000 Australians, corporate and philanthropic partners, and federal, state and local governments.
Unfortunately, as the popularity of online giving soars, not-for-profits have become a target for donation fraud.
Forter partnered with Save the Children Australia to reduce card testing fraud by deploying the company’s Trusted Conversions solution. The platform provides Save the Children with accurate, real-time decisions about every transaction to discern between genuine donations and fraudulent activity.
Powered by a rich and global dataset, Forter can assess an individual’s trustworthiness within an average of 300 milliseconds, ensuring fraudsters are stopped without creating friction in the online giving process for supporters. Since implementation, Forter has approved over A$260,000 worth of donations, increasing the approval rate from 95% to 97%.
“We’re pleased to be working with Forter to help ensure we’re blocking fraudsters and preventing attempts to misuse our donations platform,” said Save the Children Australia’s Chief Operating Officer, Mel Parks. “The automated approvals process also saves valuable time and resources.”
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