Solutions - Fraud Prevention
Securing Merchant Operations
Monitor Plus PMFD Merchant Acquiring™ (Payment Media Fraud Detector)
It is a comprehensive and intelligent solution to prevent card transaction fraud at merchant members of the acquiring network, anomalous merchant activity and affiliation of fraudulent merchants. This solution is available for acquirers, payment processors, financial switches, gateways and payment aggregators.
Use cases
- Preventing affiliation of fraudulent merchants
- New and existing merchant activity monitoring and control
- Fraud prevention in card-present and card not-present transactions
- Prevention of common fraud attacks (e.g. BIN attacks).
MAIN BENEFITS
Focus on key challenges of acquiring
Real-time loss reduction
Monitor Plus PMFD Merchant Acquiring™ (Payment Media Fraud Detector) analyzes transactions in milliseconds and interacts in real time with the authorizer to recommend to the authorizer to authorize or deny transactions. The system is also capable of running automatic defense routines for greater effectiveness.
Internal and external fraud prevention
The solution's expert models incorporate knowledge accumulated over a long industry trajectory that has enabled Monitor Plus® to detect a wide range of known fraud patterns, possible points of compromise (PPCs), and external and internal fraud patterns.
Increased detection, reduced friction
Monitor Plus PMFD Merchant Acquiring™ (Payment Media Fraud Detector) uses an assembly of expert models and machine learning that optimizes detection levels and decrease false positives, resulting in less buyer friction and favoring their level of satisfaction. Additionally, the lower volume of resulting alerts reduces the operational burden on the analysis team.
Effective and precise
Real Time Detection and Prevention
*Whencardholder information is available for the verification process.
Cost-efficient security
Reduces the total cost related to fraud
- Minimizes fraud losses.
- Minimizes operational costs of prevention.
- Maximizes the buyer's experience.
Safeguarding the reputation of the network and its businesses
Monitor Plus® protects the acquiring institution and all network players to maintain their good reputation, protecting them from malicious actors seeking to infiltrate and misuse their services and systems.
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