TEL AVIV, Israel, June 25, 2015 /PRNewswire/ -- Forter, the first fraud prevention solution to offer a real-time Decision-as a Service™ solution for online merchants, was presented with a Silver Stevie® Award as best Startup of the Year – Business Products category in The 13th Annual American Business Awards in Chicago on June 22. Forter was recognized as an emerging trailblazer in the e-commerce and fraud prevention industries.
"Forter is proud to be honored as Startup of the Year and grateful to the American Business Awards for this commendation. I'd also like to thank the entire Forter team for their strong efforts and enthusiasm toward pushing the company to new innovative heights," said Michael Reitblat, Co-Founder & CEO of Forter. "We are dedicated to perfecting our technologies and look forward to delivering the same caliber of unmatched fraud prevention solutions to our clients with each new offering as we grow."
Forter provides fraud prevention solutions for online commerce and mobile payments through behavioral analytics and real-time decision making. Each transaction is analyzed with an immediate approval or decline decision to determine whether it was made by a legitimate customer or a fraudster. Forter also offers a 100% money back guarantee, assuring the merchant that if a Forter-approved transaction turns out to be fraudulent, the merchant will be reimbursed for all costs.
"We are pleased to be recognized among such an impressive and competitive roster of finalists. Our patented technology is constantly evolving to meet merchants' needs and we are excited to introduce new tools down the road to further support business growth in a secure, fraud-free environment," said Reitblat.
The American Business Awards are the nation's premier business awards program. More than 200 executives worldwide participated in the judging process to select this year's Stevie Award winners from over 3,300 nominations. Additional details about The American Business Awards and the lists of Stevie winners are available at www.StevieAwards.com/ABA.
Forter provides Decision as a Service™ fraud prevention for the challenges of modern e-commerce. Forter's solution is entirely automated, evaluating every transaction in real-time and providing an instant approval/rejection decision so that genuine customers aren't even aware that they're being examined. The system works with behavioral analytics, cyber intelligence and elastic identity, and uses machine learning and the power of big data, informed and refined by the human understanding of highly trained analysts. Forter is so confident in the accuracy of its decisions that the company offers a chargeback guarantee, something that gives online retailers the peace of mind to leave fear behind and make the choices that are best for their business and its growth.
About The Stevie Awards
Stevie Awards are conferred in six programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.
Sponsors and partners of The 2015 American Business Awards include BizTalkRadio, CallidusCloud, Engility, Fareportal, John Hancock, PetRays, and Softpro.