The Fast Charge Payment Gateway provides several fraud and risk prevention options free of charge for every merchant using our system. We give every merchant 100% control over all their fraud settings.
In addition to the merchant-initiated protection mechanisms described in this section, several automatic features have been incorporated into the Merchant Fraud Protection module to block out customers exhibiting suspicious buying behaviors, including:
1. A feature to block a credit card that is submitted and declined twice within 24 hours using different expiration dates.
2. A feature to check City and State entries for validity against the zip code entered.
3. A feature to check area codes for validity against the zip code entered.
4. A feature to detect and block proxy transactions
Velocity Controls provide a tool to manage and mitigate risk associated with processing credit cards by establishing limits on transactions. When enabled, the Velocity engine will monitor transactions in real-time against the threshold limits defined. These controls will assist in preventing abuse and minimize potential for fraud. Utilization of the velocity controls can automatically decline transactions based on location, BIN, transaction amount, repeat card use and excessive refunds. Caution should be used in using these tools as the thresholds can limit and decline otherwise acceptable transactions.
The IP Viking service uses continuous discovery and analysis of rogue networks and compromised devices to provide a complete IP risk assessment for every transaction.
The proprietary FRISK risk management system from Fast Charge provides a sophisticated suite of fraud detection and prevention options. Each transaction submitted can be filtered through a comprehensive series of fraud detection rules to determine potential risk. Configuration of these rules is under your complete control using our user-friendly Online Merchant Center administration web site.
Below is an actual screen shot of all the features available to every merchant using the Fast Charge Payment Gateway at no additional cost.
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