Want to prioritize revenue growth and worry less about fraud? EZ2 Payment is here to help. Our fraud prevention solution stops threats in real time and improves business operations so you can focus on increasing revenue.
The proactive strategies, processes, and technologies deployed by organizations to detect, prevent, and minimize fraudulent activities and financial losses. approach involves identifying potential vulnerabilities and threats. You must also implement security measures, and continuously monitor and analyze transactions and behaviors.
This is the only way to intercept fraudulent activity before it can impact you or your customers. The goal is to create a secure environment that stops the unauthorized use of resources, theft of sensitive information, and other deceptive practices that could harm your organization's financial health and reputation.
EZ2 Payment offers multi-faceted fraud prevention monitoring and assistance through our proprietary dashboard management system.
Automated and proactive, our fraud prevention tools identify potential issues with chargeback management and response mechanisms, flagging previous chargeback cards/disputes, and detailing any card rejection messaging.
Allows you to be notified in cases where a cardholder who disputed you (or another merchant of ours) runs a successful authorization, which can be voided, therefore inoculating against any chargeback risk.
Provides insight on the issuing bank, including card type, issuer, and card brand.
Validate billing-related data specific to the cardholder to further prevent fraudulent sales.
Provides another layer of authentication to add additional verification, which lowers the possibility of a chargeback or fraud.
Can shed light on the user’s location and if it is in a high-risk area, if a VPN or proxy is used which may be an indication of fraud, or other information that can help with preventing fraudulent activity.
Will provide information on different fraud trends. Our fraud analysis tool highlights dispute data, BIN-level authorization information, decline statistics, and more.
The first step towards preventing fraud is knowing what to look for. Even as criminals’ tactics evolve, there are a few key indicators that remain telltale signs of fraud. Red flags to watch for include:
Did a customer create a new or temporary email address to make a purchase? This may be a sign that the buyer is planning to commit fraud and then disappear.
Fraudsters want to get the most value out of their efforts. To do this, they often buy high-value goods that they can easily flip and turn into liquid cash.
When fraudsters gain access to valid account information, they often submit multiple transactions in quick succession to maximize profits before being discovered.
Fraudsters tend to pick the fastest shipping option. They want the goods to arrive before they’re intercepted. They don’t mind paying extra. After all, it’s not their money.
Again, fraudsters look for opportunities to maximize their efforts. They might pick a model of TV or other item and order as many as possible before maxing out the account.
The shipping address used by a fraudster will not match the billing address kept on file with the bank or that you have listed in previous transaction records.
Let a EZ2 Payments Expert show you how the Global Payment Orchestration Platform could improve your bottom line.
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