Anti-fraud is not a 'One size fits all' solution

No one knows your business and your customers better than you do, and the same applies to your fraud screening.

Anti-fraud measures can combine a number of tests to work out the likelihood of a transaction being fraudulent:

• Address check
• Card Verification Number
• Verified by Visa / MasterCard SecureCode
• IP Geolocation
• Buying pattern
• Purchase history
• Black/White lists
• Third-party identity checks
• Manual review

A typical payment service provider will offer some or all of these tests, but some checks may have more relevance to your business than others. The way you would manually 'score' the likelihood of fraud may be more than the cumulative effect of a few tests added together.

Additionally, whilst Verified by Visa / MasterCard SecureCode (3D Secure screening services) provide you, the merchant, with a liability shift for online transactions, this protection does not apply to telephone and mail-order transactions. With the wider adoption of 3D Secure online continuing, the trend for credit card fraud is a migration to telephone and mail order. This makes it more important that you implement appropriate screening measures and look to process internet and mail order transactions through a single gateway.

Fraud analysts

Axiar fraud analysts work with you to define the most appropriate screening techniques for your business. This may be a combination of standard tests, custom tests specific to your business, and can also include additional data integration which could take the form of historical fraud or suspicious transactions.

See case study: Cartridge SAVE fraud prevention