Twine is a B2B commerce orchestration platform that utilizes reusable digital identities and biometric verification to enhance the security of e-commerce transactions. By reducing fraud and false positives, Twine helps merchants maintain sales and improve customer trust during the online checkout process.
Funding
Funding not disclosed
Founders
Product
Problem
E-commerce merchants face challenges with online fraud, leading to loss of revenue from fraudulent transactions and declines in legitimate sales due to overly aggressive fraud prevention measures that result in false positives. Current fraud detection systems often lack the ability to accurately distinguish between genuine customers and fraudsters, impacting customer trust and overall sales conversion rates.
Solution
Twine offers a B2B commerce orchestration platform that leverages reusable digital identities and biometric verification to enhance the security and trust of e-commerce transactions. By aggregating digital identities from trusted partners, Twine adds a layer of biometric authentication to online purchases, helping merchants reduce fraud and minimize false positives during the checkout process. The platform's AI-powered WebSDK seamlessly integrates into existing checkout flows, providing a simple-to-deploy solution for merchants, processors, and issuers. Twine's technology aims to improve customer trust and maintain sales by accurately identifying and preventing fraudulent activities while ensuring a smooth and secure experience for legitimate shoppers.
Target Audience
Twine primarily targets e-commerce merchants, payment processors, and issuing banks seeking to reduce online fraud, minimize false positives, and enhance customer trust during the online checkout process.
Features
- Aggregation of reusable digital identities from trusted partners
- Biometric verification for enhanced transaction security
- AI-powered WebSDK for fraud detection and prevention
- Seamless integration into existing e-commerce checkout flows
- WooCommerce plugin for easy deployment
- Real-time risk assessment based on identity verification
- Reduction of false positives to improve sales conversion rates