Is a Card-Not-Present transaction on the internet safe?
The answer is Yes and No – Yes, if a merchant has solicited fraud prevention services from a hosted company providing pre-screening services , - and NO if the card is processed by the payment gateway that only validates a card by matching them with available records.
As an online merchant, what measures should I take to prevent chargeback?
Chargeback and card fraud are complimentary to each other, card-not-present fraud detection minimizes charge backs largely. MerchantRMS has proven solutions for credit card fraud protection
Do payment gateways have the tools to prevent payment fraud?
No, the payment gateway only facilitates the payment process by validating the credit card and matching it with available records. The identity thieves have complete access to information about a genuine cardholder and are able to by-pass the limited screening measures of payment gateways to their advantage.
How does fraud detection and scoring system help a merchant?
MerchantRMS establishes a secure link with a merchant’s website for pre-screening the card before the payment gateways process it, and using 600+ parameters scrutinizes the card to establish its genuineness, a fraud score ranks the transaction and alerts the merchant in case of fraud.
Is device identification a part of payment card fraud detection system?
MerchantRMS uses device identification for fraud detection solutions, it goes beyond identifying an IP address, it is able to establish the browser settings of a computer, its operating systems, and the internet service provider of the customer.
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