Riskified Launches “Auth Rate Enhance” as Part of Chargeback Guarantee to Improve Conversion Rates and Maximize Ecommerce Revenues for Merchants
Riskified Ltd. Class A Ordinary Shares (RSKD)
Company Research
Source: Business Wire
New offering aims to optimize approval and card issuer authorization rates to capture more online sales NEW YORK--(BUSINESS WIRE)--Riskified (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, today announced the launch of Auth Rate Enhance, a configuration of Chargeback Guarantee that helps merchants propel ecommerce growth by maximizing authorization rates and approving more online orders without compromising on fraud prevention.In today’s competitive ecommerce landscape merchants fight to attract and retain customers. But for many shoppers, the journey ends before it truly starts. According to Riskified data, approximately 15% of ecommerce orders fail due to card issuers declining to authorize payment. Meanwhile, Riskified’s data indicates that up to 70% of these declined payments may be from legitimate customers who appear too risky. The impact is massive: false declines were expected to generate a $157B loss (Nuvei) for US merchants alone in 2023. Globally, false
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News
- Riskified's Top-Line Growth Sags As Operating Breakeven Approaches [Seeking Alpha]Seeking Alpha
- Riskified To Report First Quarter 2024 Financial Results on Wednesday, May 15Business Wire
- Riskified Ltd. (NYSE: RSKD) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $7.00 price target on the stock.MarketBeat
- Riskified Ltd. (NYSE: RSKD) is now covered by analysts at Keefe, Bruyette & Woods. They set a "market perform" rating and a $5.75 price target on the stock.MarketBeat
- Majority of Online Retailers Leave +40% of Chargebacks Undisputed, Contributing to Lost Revenue and Eroding Profits [Yahoo! Finance]Yahoo! Finance
RSKD
Earnings
- 3/5/24 - Beat
RSKD
Sec Filings
- 4/11/24 - Form 144
- 4/11/24 - Form 144
- 4/11/24 - Form 144
- RSKD's page on the SEC website