How it works?
- After products have been added into the shopping cart and payment options have been chosen by an online customer, the system as usual prompts the customer to enter the billing information (Name, Address, Telephone, email, etc).
- MerchantRMS through its secure links with the merchant’s website receives a complete billing profile of the customer with other technical information, such as IP address and device identification.
- MerchantRMS evaluates and compares the data as per the rule-sets formatted by the merchant for multiple products or services.
- After the screening process the automated system generates a fraud score, higher the fraud score greater the risk of fraud.
- The transaction based on the fraud score generated is either
ALLOWED - Bank Payment Processor receives the reques;
DECLINED - The transaction is potentially fraudulent.
REVIEWED - The transaction requires a manual review.
High Fraud Score transactions optionally allows a merchant to initiate a telephone verification for validating the end users telephone.
