Fraud within Card Not Present (CNP) is on the rise. Without having the card holder present when a purchase is taking place it can be difficult to verify that the purchaser is who they say they are. 3D Secure Programs such as MasterCard Secure Code and Verified By Visa have helped to reduce the amount of fraudulent transactions. Merchants can further reduce their risk by utilizing MyGate’s Fraud Module.
MyGate’s Fraud Module can be configured from within the MyGate Web Console and includes screening tools to help online business to identify potential fraudulent transactions.
A quick overview of MyGate’s Fraud Module:
- Can be configured from with the MyGate Web Console - No integration Required
- Direct Control and reporting on fraudulent transactions
- Block high risk countries or specific international transactions..
- Configure to flag or fail transactions based on specific behaviour.
- Use Velocity checks to manage transactions in real-time.