Credit card fraud is a problem that is faced by almost every online business.
Credit card fraud leads to chargeback and loss of merchandise or intangible goods that you cannot take back. In most cases, chargebacks cost online businesses aggravation and money in chargeback fees. Excessive chargebacks can lead to loss of your merchant account and being unable to open another one.
At AlgoZone we were faced with the problem of numerous fraudulent transactions that caused harm to our business. We have dedicated last two year to develop approaches and system to detect fraudulent orders and protect business without causing inconvenience for our customers. Now we would like to share our experience with other online business affected by fraudulent orders.
Avoid chargebacks by using AlgoZoneís Fraud Screen Service (AFS). Monitor and detect all orders placed in your online store for credit card fraud or fraudulent payment in other payment systems.
This service works by combining IP location metrics and identifying the geographic source of the charge with additional checks for known fraud risk factors such as free emails, use of proxies and other factors. AlgoZone Fraud Screen tools pin down potential fraud and identify associated risk factors, pointing you to the best strategy to verify the flagged transaction and prevent future fraud.
AlgoZone Fraud Screen includes:
Fraud risk level calculated
Geographical IP address location checking
Displaying City and Country location of the customer
Distance from IP address to customerís address
ISP provider for the customer
Issuing Bank BIN Number country matching
Free e-mail, proxy detection
Phone number prefix location checking
Integrated osCommerce support
You can read How it works for more detailed information about Fraud Screen process.
The osCommerce AlgoZone Fraud Screen module is free of charge and available for download. You can review AFS free of charge without any obligations and get protected from fraud. We provide 100 free queries for you to try AlgoZone Fraud Screen module.