Credit Card Fraud Prevention Benefits :
MerchantRMS provides an elaborative credit card fraud protection to shopping cart vendors, which as a result of payment fraud lose huge revenues by way of chargeback’s imposed by credit card companies.
This normally happens when a card holder disputes a charge on a transaction that reflects on his/her monthly statement, if the issue is unresolved the merchant thus becomes liable to refund the amount to the credit card company.
MerchantRMS through its secure hosted service is able to provide effective credit card fraud prevention service to online merchants to save precious revenue that would otherwise have been lost to pay for the chargeback’s.
MerchantRMS provides instant credit card fraud alert services to e-commerce websites for credit card fraud prevention.
We are partners with E-Businesses to prevent payment fraud, aided by automated systems and databases, we use 300+ parameters to check the authenticity of a credit card, an online business is instantly alerted if fraud is detected.
The credit card fraud detection service comes to you from a company that is networked to over 4000+ online businesses. These businesses have been immensely successful in curbing online credit card fraud; our technology is constantly upgraded to ensure that our screening systems are never breached or compromised.
We validates the genuineness of credit cards before sending them for payment processing to payment gateways
Card-Not-Present transactions are easily targeted for fraud because payment gateways use limited scrutiny to determine the genuineness of a card, a hosted service on the other hand can provide the much needed stimulus to check online credit card fraud.
MerchantRMS provides pre-screening fraud prevention service to e-businesses to check the genuineness of a credit card, after authenticity of the card is established only then it is sent to the payment gateway for payment processing.
The pre-screening effectively prevents fraudulent credit cards from being processed by the payment gateways, merchants are instantly alerted, if a transaction is paid for with a stolen or fraudulent credit card
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