FraudLabs Pro Fraud Prevention Announces New Web Service Release

NEW YORK - Jan. 8, 2024 - PRLog -- FraudLabs Pro, a leading fraud detection solution provider is pleased to announce the release of the enhanced FraudLabs Pro v2 API, featuring a revamped FraudLabs Pro and SMS API with substantial improvements and optimizations in the backend infrastructure.

Fraud screening is a critical component of modern financial and business operations, aiming to identify and prevent fraudulent activities. The process involves analyzing real-time data associated with transactions and assessing potential risks to ensure the integrity and security of financial systems. SMS verification adds an extra layer of security to prevent fraudsters as the users must enter the OTP on the platform or website to verify their identity. It is commonly used in fraud screening and identity verification processes.

The key technical changes to the new API are as follows:

• Fast response time. The new version has been redesigned to take full advantage of multi-threading for algorithm calculation and processing. This allows for simultaneous execution of various types of validations, such as email validation, IP validation, blacklist validation, and so on, resulting in significantly reduced response time.
• Object-based JSON Response. One key feature of the new FraudLabs Pro API is the organization of response data in objects instead of flat JSON key-value pairs. By grouping related fields together within objects, it improves the overall organization and structure of the response. This allows developers to access and retrieve specific information more efficiently.
• Refined HTTP Status Code. In the previous version of the API, error responses were always returned with a 200 code. In the new API, this has been improved by returning the relevant HTTP code that corresponds to the specific error. For example, if you fail to provide the required input parameters, the API will now respond with a 400 code, indicating a bad request. This standardized approach to error handling makes it easier for developers to identify and handle errors in their applications.
• Support POST method. FraudLabs Pro has opted to exclusively support the POST method for the order screen API, prioritizing security and the protection of sensitive information. By utilizing the POST method, customer data is transmitted securely, reducing the risk of unauthorized access or interception.

In short, the significant advantages include a streamlined and accelerated API response, ensuring a more efficient and responsive user experience. Stay one step ahead of fraudsters and get faster processing response and more accurate fraud detection with FraudLabs Pro..

To learn more about FraudLabs Pro's fraud prevention solutions, please visit  https://www.fraudlabspro.com#prlog. If you are interested to know more about our SMS verification services, visit https://www.fraudlabspro.com/addon/sms-verification#prlog.