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How fraud and chargeback prevention works

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We all know that fraud and chargebacks are harmful. But do you know how fraud and chargeback prevention works? How can you fight them effectively? Find all the answers in our complete guide to chargeback prevention - https://goo.gl/zR5L7g
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How fraud and chargeback prevention works

  1. 1. HOW FRAUD AND CHARGEBACK PREVENTION WORKS
  2. 2. Page 1 “Chargeback Management Guidelines for Visa Merchants” says: “If a merchant meets or exceeds specified chargeback thresholds, its acquirer gets a warning.”
  3. 3. Page 2 “If actions are not taken within an appropriate period to return chargeback rates to acceptable levels, Visa may impose financial penalties.”
  4. 4. Page 3 Hire a reliable Payment Service Provider with an advanced fraud and chargeback prevention system (and worry no more!)... SOLUTION:
  5. 5. Page 4 Or hire a team of in-house professionals to deal with the risks of fraud and chargebacks inside the company. SOLUTION:
  6. 6. SO, HOW DOES FRAUD AND CHARGEBACK PREVENTION WORKS? Page 5
  7. 7. Page 6 How fraud and chargeback prevention works Chargeback prevention assigns a “score” to every customer.
  8. 8. Page 7 How fraud and chargeback prevention works Fighting and preventing chargebacks specialists calculate the score to identify how safe it is to let a specific customer make a purchase (or how likely he is to request a chargeback later). CONS PROS
  9. 9. Page 8 How to define “safe” clients?
  10. 10. Page 9 How to define “safe” clients? The definition varies from business to business. But do not set “acceptable score” level too low not to let any chargebacks take place.
  11. 11. Page 10 Fraud and chargeback prevention system parameters
  12. 12. Page 11 Fraud and chargeback prevention system parameters Card level restrictions: • limit on the number of attempts to pay with a single card per day; • limit on the number of purchases made with the same card per day, etc.
  13. 13. Page 12 Fraud and chargeback prevention system parameters Email level restrictions: • limit on the number of purchases per week; • number of attempts to pay with a single card under different emails per week, etc.
  14. 14. Page 13 Fraud and chargeback prevention system parameters People using separate emails but a single card when paying for goods and services are more likely to be involved in some kind of a fraudulent activity than those with only one email linked to the credit card. lower chances of fraudulent activity
  15. 15. Page 14 Fraud and chargeback prevention system parameters IP level restrictions: • IP blacklists; • Forbidden IP; • BIN countries, etc.
  16. 16. Page 15 Sift Science and MaxMind cutting-edge technologies
  17. 17. Page 16 MaxMind services • Matching of the Bank Identification Number to the country; • Email checking; • RiskScore or the assessment of the likelihood of fraud; • IP addresses checking; • Proxy detection.
  18. 18. Page 17 Sift Science services • real-time machine learning; • analysis of “healthy” behavior online; • comparing it to the actual behavior of existing clients.
  19. 19. Page 19 Use these technologies to prevent chargebacks and seek our professional help. We’ve got it all covered! Ikajo © Copyright 2018 - Reliable Global Payment Service Provider Contact us at Sales@ikajo.com

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