Fraud can affect any business. According to the CyberSource Fraud Report 2017, online fraud costs merchants billions of dollars each year, making fraud detection and prevention crucial to minimizing risk and maintaining a successful business. Here are some tips and jargon to know when dealing with fraud, and enable Advanced Fraud Detection Suite for your payment gateway (for not additional cost). 

The Benefits of IP Filters

Authorized IP Addresses: Designate specific server IP addresses that are authorized to submit transactions.

IP Address Blocking: Block transactions from IP addresses known to be used for fraudulent activity.

IP Shipping Address Mismatch Filter: You can compare the shipping address provided with an order to the IP address of where the order originated to determine whether the order is shipping to the country from which it originated. 

Regional IP Address Filter: Flag orders coming from specific regions or countries. You can choose to customize the filter actions based on an entire geographic area, or select country by country how to process flagged transactions.

Transaction IP Velocity Filter: Isolate suspicious activity from a single source by identifying excessive transactions received from the same IP address.

The Benefits of Database Filters

Shipping-Billing Mismatch Filter: Identify high-risk transactions with different shipping and billing addresses, potentially indicating purchases made using a stolen credit card.

Enhanced AVS Handling Filter: The Address Verification Service (AVS) is a standard feature of the payment gateway that compares the address submitted with an order to the address on file with the customer's credit card issuer. You can choose to reject or allow transactions based on the AVS response codes. AFDS includes a new AVS filter that assists the decision process by allowing merchants the additional options of flagging AVS transactions for monitoring purposes, or holding them for manual review.

Enhanced CCV Handling Filter: Like AVS, Card Code Verification (CCV) is a standard feature of the payment gateway. CCV uses a card's three- or four-digit number to validate customer information on file with the credit card association. Like the AVS Filter, the CCV Filter allows you the additional options of flagging CCV transactions for monitoring purposes, or holding them for manual review.

Shipping Address Verification Filter: This verifies that the shipping address received with an order is a valid postal address.

The Benefits of Limit Filters

Amount Filter: Set lower and upper transaction amount thresholds to restrict high-risk transactions often used to test the validity of credit card numbers.

Hourly Velocity Filter: Prevent high-volume attacks common with fraudulent transactions by limiting the total number of transactions received per hour.

Suspicious Transaction Filter: Reviews highly suspicious transactions using proprietary criteria identified by the Authorize.Net Fraud Management Team.

 

Keep your business and customers safe with fraud protection from Authorize.Net.