Fraud Prevention Analysis

Fraud and economic crime continue to cost companies billions of dollars annually across the world. Customer fraud and cybercrime perpetrated by external bad actors constitute a majority of these crimes. A study claims over $200 billion in financial losses between 2020 and 2024 on account of online payments fraud across key industries like travel, e-commerce, and financial services. In the US, Fraud losses on account of identity fraud alone in 2020 were over $55 billion, making it the most prominent method.

We Recommend Consumers to be very cautious in where to use their Credit/Debit cards in form of payment. We highly recommend buyers to try and use their Credit cards in well known corporations across the country or companies that are very well recommended, checking company reviews can also be a method to see past customers experiences. We receive a great amount of fradulent buyers with non authorized payments that get flagged due to our great Fraud Prevention analysis that our E-commerce platform has intergrated for us sellers. When purchases get flagged on our end, we must confirm your identity in various ways to be able to process your order, so in behalf of the Flash Fix team we ask to please have patience and be cooperative, if your order happens to get flagged. We do this for your safety to make sure any UN-AUTHORIZED payments wont be processed without your Authorization.