Fraud Prevention – Active Risk Management tools
ECS World's Risk Management Team has proven experience in keeping merchants within the monthly chargeback ratio, and bringing high chargeback numbers down to the minimum possible.
Our robust and comprehensive fraud prevention and detection solution combines leading-edge algorithms with a historical transaction database. This massive database continually learns the buying habits and characteristics of online fraud perpetrators, analyzing and storing this invaluable data for future references and so aiding us in fraud prevention.
Fraud Prevention – How does it work?
- Our system detects and eliminates cross-border retail fraud in multiple sectors and across international boundaries using the following methods:
- Monitoring by a team of risk analysts
- Custom rules for your business
- Neural networks
- Proprietary, domestic and international screening databases
- Pattern recognition and velocity engines
- Industry cardholder authentication initiatives
- Negative database for Fraud Prevention – Our clients benefit from the distribution of a global database of compromised card records. Online transactions are cross-referenced against our proprietary screening database that contains more than seventy million known compromised card data variables. We pool the power of our incomparable international intelligence across our client base.
- Benefits of Negative & Screening Databases – How it helps in fraud prevention:
- Reduces fraud
- Prevention against chargebacks and fines
- Helps lessen internal costs of manual checking
- Cross references against suspicious cards within our customer pool
- Limitless capacity
If you would like further information on ECS World's fraud prevention and detection solutions, please complete the contact form or contact one of our sales representatives directly, at sales@ecs-world.com. |
