Fraud Prevention

Overview

Cardholder Not Present (CNP) fraud in the UK is growing and the rate of growth has increased significantly in the last few years.

It is therefore important for you as an online merchant to protect your business against possible financial loss caused by fraud.

As a Payment Service Provider, Protx provides the software facility to allow you to trade online and to ensure that your customer's details remain secure throughout the transaction process.

However, this does not necessarily mean that the person ordering from your site is the genuine cardholder. You will need to ensure that you have carried out all the necessary checks to ensure that the transaction is not fraudulent.

Although Protx cannot provide you with a guarantee against fraud, we do provide you with several tools to help you to protect your business against fraud.

Key Features:

• AVS
• CV2
• Verified by Visa
• MasterCard SecureCode
• Verified Payment Data Query (VPDQ) with The 3rd Man
• Deferred payment

Key Benefits:

• Simple and easy to understand reports: Although the actual fraud checking process may be complex, Protx will provide you with fraud screening reports in an easy to understand format so that you can see the level of risk associated with each transaction at a glance, to save you time
• Tailor made fraud screening: Protx give you the ability to set up rules on your account to tailor the level of fraud screening to suit your particular business
• High risk transaction alerts: Transactions that are found to be high risk are highlighted in your VSP Admin reports
• Liability shift: If you use Verified by Visa and MasterCard SecureCode, the liability of a chargeback will shift from you to the card issuer in the event that the customer denies a transaction
• Range of fraud checks from different sources: Protx provides all bank initiated fraud checks and also works with risk management specialists to give you as much information as possible about the transaction to help prevent fraud