False declines, a significant payment fraud issue, can result in substantial revenue losses and customer attrition for businesses, with estimates suggesting an annual revenue loss of up to 3% due to these declines. eCommerce businesses are particularly vulnerable and must adopt proactive strategies to mitigate payment fraud and prevent false declines, as traditional fraud prevention tools may inadvertently reject legitimate transactions, leading to additional costs. Key strategies include monitoring transaction trends in real-time, utilizing device identification to thwart fraud attempts, and implementing effective yet seamless fraud prevention measures. A webinar is available to provide further insights and strategies for businesses seeking to enhance their protection against fraud.