“Alternative Credit Decisions gives Fraugster customers access to AI enriched data that increases approval rates, reduces credit bureau costs and provides industry and region specific insight –  Fraugster, an AI payment intelligence company, today announced the launch of their latest product, Alternative Credit Decisions, which allows Buy Now Pay Later (BNPL) and Enterprise merchants to approve more customers without increasing credit risk. There is a pressing need for a new approach because BNPLs are reporting much higher bad debt impairment rates than credit cards. For every $1 Bn of processing volume BNPLs write down $19.2 Mn of bad debt compared to $270k per billion for credit cards. At the same time, millions of good customers worldwide continue to experience service denials because BNPL providers and e-commerce merchants are unable to accurately determine their level of risk. This includes a significant proportion of returning shoppers who are treated as if they are buying something online for the first time. This is happening because credit decisions are missing important data.”