Device Identification For Online Credit Card fraud:
MerchantRMS is amongst a few companies that uses device identification for credit card fraud prevention, the feature generates a device profile in real quick time that identifies an online computer, its operating system including the browser used by the computer, and its connection attributes.
Device identification is an alternate method of verification for credit card fraud prevention, the need has been compounded by the fact that sophisticated methods are being used to evade fraud detection by organized criminal gangs, device fingerprinting helps in preparing a data of device profiles that criminals use for online fraud.
The devices that are used for fraud are instantly recognized in spite of masking their identity through proxies, a data base of blacklisted devices used for a transaction instantly generates an alert and a returning fraudster can be prevented from committing another fraud.
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