Payment fraud continues to be one of the biggest risks facing businesses today. As fraud methods evolve, companies need robust, adaptive solutions to safeguard revenue and customer trust. Lytz takes a proactive approach to payment fraud protection by combining advanced technology, process controls, and continuous monitoring to shield businesses from fraud losses.

Advanced Fraud Detection Tools

Lytz uses real-time monitoring powered by machine learning algorithms that analyze customer behavior, transaction patterns, and device characteristics. Suspicious activities trigger automatic alerts or blocks before transactions are completed, minimizing fraudulent charges and protecting merchant accounts.

Robust Authentication and Verification

Multi-factor authentication and identity verification ensure only authorized users can initiate or approve payments. Lytz’s processes include tokenization of payment details and manual review of merchants to prevent malicious actors from entering the system.

Collaboration and Compliance

Lytz works closely with banks and regulators to stay ahead of emerging fraud threats. Our platform maintains adherence to regulatory requirements, including PCI compliance, providing businesses with a trusted environment for payments.

Businesses partnering with Lytz benefit from a layered and holistic fraud prevention approach, combining technology, processes, and partnerships to guard against payment fraud and ensure safe, seamless transactions.