|Description||Credit card fraud protection|
MerchantRMS instantly alerts the user in the event of a fraudulent credit card being used for an online transaction.
Card-not-present interactions on the web have proven to be susceptible to credit card fraud; the online merchant stores tend to lose the most by way of charge backs in all fraudulent transactions, the credit card company is not the least affected, credit card fraud protection is thus in the best interest of a merchant.
The integrated solution provided by MerchantRMS is an automated process for credit card fraud prevention. The authenticity of a card is closely examined before it is forwarded to the payment gateways for processing the card-not-present transaction; the entire screening process is done without the customer being aware of it. An alert is automatically sent to a merchant in case of credit card fraud detection.