In the pursuit of synergy between optimum security and high conversion, ECOMMPAY engineered the intelligent FraudStop risk management system, which features customisable settings configured individually for each client. Applying artificial intelligence to the scoring of incoming transactions, the security solution boasts a 97% fraud detection rate.
Stages of FraudStop
Our proprietary risk management system consists of three core features:
- Filters Fraud filters are configured individually for each client depending on industry, region, and business specifications. FraudStop scores transactions by enabling an interdependent analysis across multiple factors, negating fraudulent activity
- Post-monitoring FraudStop’s automated transaction monitoring is complemented by the manual review of suspicious incidents by a highly qualified team of risk analysts
- Chargeback management Our comprehensive risk management service ensures clients don’t exceed the acceptable chargeback threshold to avoid the fines imposed by international payment systems, as well as facilitating high payment acceptance rates and minimal levels of fraud
How FraudStop Works
The system assesses each individual transaction before making the decision to approve or decline a payment.
.png)
Secure Transactions
Extensive knowledge of the risk landscape ensures that the payment solutions ECOMMPAY engineers individually for each client comprise the sophisticated tools and technologies, as well as proprietary risk management products, necessary to reduce the likelihood of fraudulent activity and maximise the rate of successful transactions.
How can you ensure payment security?
We offer a comprehensive suite of products and services to manage risks.
- A transaction monitoring system adapted to the specifics of your business processes
- An effective combination of anti-fraud filters to address customer preferences and regional requirements;
- Verification of user credentials to Whitelist/Blacklist databases;
- Verification of the cardholder by geolocation of IP address, device preferences, transaction history, etc.;
- 3-D Secure
- Combining automatic transaction monitoring with manual monitoring by experienced risk analysts.
Extensive knowledge of the risk landscape ensures that the payment solutions ECOMMPAY engineers individually for each client comprise the sophisticated tools and technologies, as well as proprietary risk management products, necessary to reduce the likelihood of fraudulent activity and maximise the rate of successful transactions.
