Proof Launches Defend, AI-Powered Active Detection Product To Prevent Fraud Losses In The Documents And Agreements Businesses Rely On
BOSTON, May 14, 2024 /PRNewswire-PRWeb/ -- Proof, the market leader for remote online notarization and identity-secured transactions, today launched Defend, an AI-powered fraud detection product built to combat the $81B in annual losses in the U.S. caused by falsified records, forged signatures, and identity theft.
- When buyers swipe a credit card, active fraud prevention tools keep both the merchant and consumer safe from fraudulent activity or a stolen credit card.
- These transactions carry enormous economic value but also create billions of dollars in liability for businesses when documents are falsified.
- Coupled with Proof Certificates , Defend allows businesses to trust that both the people and the documents involved in a Proof transaction are valid and secure.
- It is a paid feature that can be turned on instantly for the thousands of businesses on the Proof platform.