MerchantRms Press release :
"Online payment fraud prevention services from MerchantRMS"
08/17/09
E-businesses vulnerable to payment fraud and losing revenue because of it can now process online transactions without the risk of fraud. MerchantRMS renders automated solutions for validating credit card transactions online. The company through its established network sets up a link with merchant websites, and based on transaction parameters entered by shopping cart vendors, the screening process determines the genuineness of the payment instruments used for the transaction.
The company uses multiple screening processes for credit card fraud detection and following detection of fraud, an alert generated alarms the merchants in quick time to block the transaction for a manual review, the pre-screening service rendered by MerchantRMS has assisted online businesses to marginalize chargeback claims or higher reserve funds solicited by card issuing companies on account of fraud.
MerchantRMS tracks the accurate location of an online customer establishing the country, state, city, latitude, and longitude including the internet service provider and domain name by IP address. The company also uses Device Identification as a screening process, it generates a complete profile of a device used for a transaction, for example a Computers Web browser details and its version or details of a Wireless Phone, PDAs and other devices.
