Like every digital industry, corporate gifting is under constant threat from bad actors who want to commit fraud.

Fraudsters use an array of tactics to make a quick buck, including:

• Fake corporate account sign-ups
• Bulk gift sending using stolen bank account information
• Unauthorized gift redemption
• Multiple redemptions of single-use gifts

Companies who fall prey to these schemes face not only financial losses but reputational damage, too.

Giftly offers a comprehensive approach to fraud prevention that combines cutting-edge, proprietary technology with good old-fashioned human expertise.

How Giftly Stops Fraud

Effective fraud prevention requires more than just one technique. That’s why Giftly blends multiple systems to ensure your accounts are safe.

Rigorous Account Verification

When new corporate accounts are created, Giftly conducts thorough checks to ensure legitimacy.

• Website analysis to detect generic or non-functional sites
• Verification of individual signups through professional networks like LinkedIn
• IP information monitoring to flag suspicious login patterns

Behavioral Analysis

Once you are signed up, Giftly closely monitors account activity to identify potential red flags such as whether an account’s spending patterns match past use in both frequency of purchases and the amount spent.

Custom-Built Fraud Detection Tools

Giftly has developed its own internal fraud tool that incorporates universal fraud detection tools like Sift Science. Then we program custom rules based on our years of observed fraud trends.

Manual Oversight

Unlike competitors who rely heavily on automated systems, Giftly emphasizes human judgment in fraud prevention.

We include seven-day-a-week monitoring by fraud prevention experts for every account. That means conducting individual reviews of transactions and redemptions.

If we notice something suspicious, we reach out to your company directly even if the activity is likely legitimate. After all, we believe it’s better to be safe than sorry.

Proactive Communication

Giftly maintains open lines of communication with our corporate clients. We share detailed fraud-related information promptly and transparently. We even assist with internal investigation when necessary.

At Giftly, We Earn Your Trust Through Constant Vigilance

While the corporate gifting industry hasn't faced widespread, public scandals, Giftly's systems are designed to prevent worst-case scenarios. Our approach ensures that even if a system breach occurs, multiple layers of security prevent widespread abuse of unclaimed gifts.

By combining advanced technology with human expertise and a commitment to constant vigilance, Giftly provides a secure platform for businesses to express appreciation without compromising on security.

For companies looking to implement or improve their corporate gifting programs, partnering with a provider like Giftly, who prioritizes fraud prevention, can provide peace of mind and protect the integrity of their gifting initiatives.

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