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Anti-fraud system

An anti-fraud payment system is very important for any e-commerce store. Payment processing fraud is a problem that every company can face. Therefore, it is very important to provide protection and minimize risks. The PayAdmit payment service has developed a reliable anti-fraud system that analyzes all payments and helps prevent fraud. The system uses a large number of criteria by which it determines the degree of risk for each payment and allows you to accurately identify fraudulent transactions. We process all online payments with fraud protection.

How does the anti-fraud system from PayAdmit work?

PayAdmit’s payment fraud detection system is designed in such a way that your business can be protected from various types of fraudulent activities. The service has a large number of settings, which allows you to adjust it to your type of business and the characteristics of a particular company. PayAdmit’s anti-fraud system allows you to identify suspicious payments according to more than 100 criteria, among which you can choose the ones that are needed specifically in your case.

If the system detects a suspicious payment, it automatically rejects it. At the same time, you receive a notification that the transaction was not passed by the anti-fraud system. You will also see the reason why the transaction was rejected.

Why choose the PayAdmit anti-fraud system?

PayAdmit’s anti-fraud payment gateway is designed to provide maximum customer protection. Using our service, you will receive several key benefits:

  • Minimum chargeback level. The anti-fraud system by PayAdmit allows you to minimize the risks of payments from other people’s cards that are carried out by fraudsters. Accordingly, your company will not face chargebacks and lengthy arbitrations and will be able to avoid fines and reputational losses.
  • Personalization for different types of business. PayAdmit offers not only extensive settings but also ready-made anti-fraud systems customized for the specifics of a particular business (for example, an online store, a ticket booking service, etc.). Due to this, you do not have to deal with the settings for a long time.
  • A large number of filters. PayAdmit uses over 100 different filters to analyze transactions. Which of them to use and what parameters to set is up to you.
  • Minimization of operating costs. Due to the anti-fraud system, there is no need to maintain a staff who would manually analyze and approve/reject all transactions. This is especially important for companies with a large number of orders and high turnover, where tracking hundreds or even thousands of transactions is extremely difficult.
  • Data storage. The PayAdmit service stores all information about fraud attempts and transactions that were rejected by the anti-fraud systems. This improves the speed and accuracy of identifying potentially fraudulent transactions.

Using the anti-fraud system from PayAdmit, you can also increase the level of user loyalty. Maximum customer protection against fraudulent activities will ensure a good reputation for your business.

What is Anti-Fraud in simple terms?

An anti-fraud system assesses if financial transactions are suspect in terms of fraud. The program reports the discovery of questionable behaviors and suggests how to handle them. Anti-fraud scoring works well in hazardous transactions like internet lending and microcredit. The primary goal of the bank's anti-fraud system is to reduce dangerous circumstances in the banking industry.

How does Anti-Fraud work?

Financial scoring is used for payment fraud prevention. Financial institutions utilize this service to evaluate the borrower's dependability and solvency. The software generates a scoring point after assessing the customer's responses. The borrower is offered a loan if the rating is high. Low indicates an illicit activity or dubious lenders. When current bank customers make a transaction, a similar process takes place.

What is Anti-Fraud Procedure?

An organization can analyze information regarding possible fraud and financial irregularities using anti-fraud processes to determine if there are sufficient grounds to forward the information to the appropriate authorities for inquiry. It is one of several related policies and practices created to offer reliable internal financial controls and prevent fraud.
At various levels and phases of the payment process, many methods keep an eye on the security of online payment transactions. The international payment systems Visa and MasterCard are the two major financial institutions that manage payment flows. They create and use technology, set up and suggest card security standards, and keep adding to them.

What are the different types of payment fraud?

The most common kinds of fraud are pressured transfers to criminals' accounts, fraud over the phone, fraud online, forged maps and websites, and withdrawals from lost or stolen cards. Banks are naturally aware of this and, for their part, are battling con artists. Various client identification techniques are constantly being improved, including dynamically changing OTP passwords for online transactions, all possible passwords for Internet banks, PIN codes, and CVV / CVC codes for cards.

How do you know if a payment is a fraud?

There are numerous fraud indications, some of which are simple to spot, like fake phone numbers or email addresses. In contrast, others may be more subtle and intuitive, like an oddly conversational consumer. Examples:
Conflicting consumer information across many purchases.
Weird communication.
Extraordinary huge orders
Payments that have been declined can be a significant information source and must be constantly examined.

What is meant by payment fraud?

It refers to the forging of currency and payment methods. When someone takes another person's payment information and uses it to conduct illicit transactions or make purchases, payment fraud has taken place. After discovering their account was being used for commerce or purchases, they did not allow the genuine cardholder or owner of the payment information files a complaint.

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Documentation
All the resources to successfully process payments using the Payadmit platform
PayAdmit Docs
Let’s Talk
Do you want to scale up your business and you need a strong and flexible Commerce platform?
Contact Us
Give Us a Call
Be not afraid! Go after global market share. We'll handle the backend stuff
Skype

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