The internet has become an extremely popular place to shop for millions of people. This provides you with great opportunities to increase your sales and revenues, but it can also offer criminals a way to steal your products and your money. How can you know the difference between a legitimate, honest customer and a thief when you cannot see them?
Fraud-Stop – is our unique, highly effective risk management system. It protects your business from losses associated with unauthorised transactions. It utilizes a set of parameters which can automatically identify a fraudulent transaction. Fraud-Stop matches factors that we have established with you as well as those recommended by international transaction security agencies. When your customer clicks on ‘Submit’ to begin the transaction process our Fraud-Stop System instantly checks at least 7 factors to authenticate the customer, the payment card and the customer’s bank account. We use sophisticated analytics to scrutinize every payment. We want you to be sure that your customer is who they say they are and that they are the authorised user of the payment card or bank account. This prevents fraudulent transactions that cost your business money, its reputation and your risk rating with the banks.
Besides this powerful automatic authentication process, we take that extra step and have any suspicious transactions examined manually by our security specialists.
Some of the factors we use to authenticate the customer and the payment method are:
By analysing the data collected our system quickly identifies the risk factors and rates the degree of trust for the payment. As a result it will either automatically generate a recommendation for approval or denial for the transaction. We will then notify you of the recommendation and the result of the transaction process. All reports and statistics regarding the results of the Fraud-Stop analysis will be available to you at your personal company portal.
At present, ECommPay works with more than 100 payment systems, and new methods are added regularly. This enables our clients to open their business to more customers worldwide. In addition to the standard Visa, Mastercard, Maestro and Cina Union Pay, we have established partnerships with a large range of global payment methods: e-Wallets, prepaid cards, mobile payment systems, and domestic bankcard organisations.
ECommPay targets the Russian and CIS market(s) by offering Yandex.Money, Moneta.ru, WebMoney, QIWI, etc.; the European market(s) through NETELLER, Ukash, Kriita, etc.; and the Chinese market via China Union Pay (CUP) and Alipay. We have also established partnerships with the largest telephone companies in Russia – Beeline, Megafon, MTS, and Tele2. Our broad choice of payment methods is updated in accordance with customer trends and newly available payment systems.
As many potential customers will find it more convenient to use a payment system instead of outright entering their bankcard details, a gateway which can provide as many options as possible is crucial to the success of a business. ECommPay can easily equip your company with a full range of payment instruments and incorporate the necessary payment systems onto your website.
To open up your business to new markets with ECommPay, fill in the application form below and one of our specialists will be in touch within two business days.
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