think they are too small to be noticed by fraudsters
Over the next five years, analysts project that small and medium businesses will be hit with more than $130 billion in losses due to payments fraud.2 Our fraud detection software lets you customize with rules-based filters and tools to suit your business model.
48%
think they are too small to be noticed by fraudsters
58%
think they are less susceptible than large businesses1
38%
say fraud isn’t a big concern
Fraudsters are relentless and many of them quite savvy. However, there are actions you can take to protect yourself.
Be proactive
Look at your website and see where you might be vulnerable. What customer verification tools do you have in place now? Don’t ignore suspicious activity.
Use a fraud prevention tool
Authorize.net has a built-in fraud tool. Advanced Fraud Detection Suite comes with 13 easily configurable fraud filters to help set proper minimum transaction thresholds, payment velocity settings, country limitations, and more to help prevent processing fraudulent transactions.
Set up a simple firewall
Many firewalls come with basic tools for botnet detection, prevention, and removal.
Advanced Fraud Detection Suite filters are built directly into the Authorize.net platform.
A setup wizard makes it simple and efficient to configure the fraud filters. Per-transaction notifications provide detail about what is happening in near-real time.
Reduce costs
Minimize and prevent authorization and chargeback fees as well as possible inventory loss resulting from fraudulent transactions.
Protect profits
Maximizing legitimate transactions while limiting potential fraud.
Maximize flexibility
Configure filter settings according to your own unique business needs.
Improve intelligence
Restrict transactions and activity from specific countries and IP addresses.
Filter the bad, keep the good
AFDS gives you the control to manage your payments your way. You get to decide what happens when a filter is triggered.
When this action is selected, transactions that trigger this filter are processed as normal, but are also reported in the Merchant Interface as triggering this filter. This action is useful if you want to “test” your filter settings.
When this action is selected, transactions that trigger this filter are sent for authorization, and upon successful authorization are placed in the Authorized/Pending Review state. Once in Authorized/Pending Review, you will have 30 days to manually review and either approve or void the transaction. If no action is taken in the 30-day period, the transaction will expire. This action is useful if you want to review authorized transactions prior to submitting for settlement.
When this action is selected, transactions that trigger this filter are placed in the Pending Review state prior to being sent for authorization. Once in Pending Review, you will have five days to manually review and either approve or decline the transaction. Once you approve the transaction, it is sent for authorization. If no action is taken in the five-day period, the transaction will expire. This action is useful if you want to review transactions prior to authorization to avoid incurring any associated authorization fees.
When this action is selected, transactions that trigger the filter will be declined automatically prior to authorization. This is the most severe action you can take for a transaction.
1Research Report: Why fraud prevention is a strategic investment for businesses of all sizes, Emailage, © 2019
These statistical percentages were derived from a survey of 1,000 people in leadership roles in small to midsized businesses across the United States and Canada to learn about their attitudes towards fraud prevention.
2Jupiter Research, Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2018-2023.
What is a payment gateway?
What exactly is a payment gateway, and how do you incorporate it into your business?
How fraudsters adapt to eCommerce trends
Learn about four key aspects of fraud evolution that businesses should look out for.
Get paid faster with digital invoicing
Your business can get paid faster and increase cash flow with our digital invoicing and eChecks options.