Credit Card Fraud Management

Online credit card fraud has become increasingly sophisticated and costs merchants billions a year. Our fraud scrubbing and prevention suite allows users to dynamically create filters and rules to help detect fraud and screen suspicious transactions. Our extensive reporting system provides a quick and easy way to review transactions, block suspicious activity and identify malicious users for credit card fraud prevention. Transactions are analyzed both before and after, allowing for declines before or after authorization.

Functionality

• Dynamic AVS (Address Verification Service) rule set
• CVV2, CVC2 and CID (3 and 4 digit codes) rule set
• Dynamically create and continually refine rules based upon:
  • Thresholds: including dollar amount charged, # of transactions, etc.
  • User Bans: Ban specific users by their credit card number, country, IP address, email services, etc.
  • User Ban Exceptions: make exceptions to established rules
  • IP Geolocation
• Whitelist good/known customers
• Establish cascading rule sets
• Choose either “Flag for Review” or “Deny” settings
• Complete trending and data analysis
• History log for easy reference and trend identification
• Distinguish between Attempted and Approved transactions to prevent ‘spinning’ of credit cards

Key Benefits

• Automate the identification of suspicious or fraudulent activity
• Avoid any disruption of commerce and transaction flow
• Quickly identify single event fraud or trends in real time
• A necessary control for high risk credit card processing