Fraudsters will do anything to steal credit or debit card account information. Armed with legitimate card numbers they can buy merchandise online, or through mobile, and have it shipped any place in the world. The cost to your bottom line is significant and never-ending unless you have an effective strategy in place to stop payment fraud.
You need to be able to tell the difference between your good customers and a criminal with stolen card information. Device-based fraud prevention uncovers the behavior patterns and anomalies that stop payment fraud in real-time.
Your business needs a fraud prevention solution that doesn’t create friction for your valued customers but does have a high fraud catch. iovation arms your fraud team with actionable, relevant, intelligence about the devices and people you do business with.
We identify high risk behavior
Our device behavior analytics tells your fraud team about the following high-risk behavior and anomalies:
Transactions from TOR
High-risk locations, IPs, and ISPs
Shipping location and credit card mismatches
Geo-location, IP address, and time zone mismatches
Velocity risks like multiple new devices per account
Jailbroken or rooted mobile devices
We can also combine device-based risk assessments with your transaction-specific information like purchase amount, SKU, email address or phone number. This combination provides enhanced, pinpointed insight into fraud when things don’t add up.
Know how the bad guys are related
Our link analysis enables you to see how devices and accounts are related, which gives you the power to efficiently discover and shut down fraud rings. iovation’s device identification isn’t dependent on personal information for recognition and uses comprehensive tagged and tagless technologies.
Our fraud prevention service can stop payment fraud. Contact us today and find out how we can help.