MerchantRMS renders strategic support for credit card fraud protection to online shopping cart vendors, the transactions receive a stamp of approval after fool-proof screening measures establish the genuineness of the credit card, following which the payment gateways and the credit card issuing company process the payment request.

The MerchantRMS module which runs concurrently alongside merchant websites generates an instant alert in case a fraudulent payment instrument is used for a transaction, the shopping cart vendors are secured with a credit card fraud protection cover and the risk of online transactions are minimized.

The technology verticals used by MerchantRMS for credit card fraud protection has multiple features that use 300+ parameters, for instance a feature such as a proxy detector can indicate if a hacker or a spammer is concealing the IP address by using an anonymous proxy server.

As an example a hacker may be logged in from Slovakia, but to circumvent the security systems in order to use a stolen credit card that may have a billing address of Canada, the hacker can manipulate the proxy server to appear as logged in from Canada, MerchantRMS through its proxy detector can unearth this fraud and generate an instant alert, click here to learn about other screening measures that we use for credit card fraud protection.

MerchantRMS has a comprehensive data of address lookups in 200+ countries, billing & shipping address entered by customers is validated with the global address validation system.

The verification process certifies the genuineness of the address, and if the address has a few missing characters or inaccurate combinations they are instantly corrected, the address validation process certifies the existence of the billing and shipping addresses entered by an online customer.

A robust risk engine allows a merchant to set customized rules for multiple products, for instance if an online company is selling high value merchandise on its website, the risk engine will assess the transaction using the risk profiles configured by the merchant for the high value product, a critical list is generated for a risk analyst to review and certify the transaction.

The highlights of this feature facilitates the risk engine to be configured differently for every product weighing the risk parameters associated with them, to make changes to the risk profile a complete audit trail is available to the merchant, this is an important fraud prevention measure, keeping in mind that fraudsters always target high value products.

The MerchantRMS module has a robust risk engine to provides rule-set safeguards for high-value merchandise sold online; we provide credit card fraud protection to shopping cart vendors

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Article Source: ArticlesBase.com – credit card fraud

Steps to detect if your website visitor is using an anonymous proxy