EComCharge BeProtected

beProtected is the new autonomous system of identification and prevention of fraudulent transactions developed for online of dealers, the processing companies and payment service providers.

According to the research conducted in more than 20 countries of the world, every fourth card holder for the last five years suffered from actions of swindlers. In case of fraud at payment online by rules of international payment systems the emitting bank of the card should indemnify loss to the payer, but it occurs not always. Often expenses are incured both by bank, and online store in which swindlers used stolen card data. What can the owner undertake business online to prevent possible costs and also risk to lose reputation of reliable shop and as a result of loyal clients?

The companies which are engaged in e-commerce use different tools for risk management and check of payments. Unfortunately, new types and modifications of fraud with cards appear regularly, and systems existing in the market an antifraud not always cope with them.

What should be ideal an antifraud system? First, regularly updated and rather flexible to provide stable protection against possible fraud, at the same time it should not interfere with making payments from these clients. It should include a combination from several systems and methods of check of transactions and also a set of flexible filters. A system should have regularly filled up and updated database containing statistical data on all processed transactions and also black and white lists, not to mention such obvious function as limits of the amount and the number of transactions. Important characteristic of a shrink-wrapped software product is it has to just be integrated with any processing platform or a payment gateway. At the same time the solution from a box needs flexible configuration of rules of the admission and a deviation of transactions under needs of specific business and also clear and transparent scenarios of check.