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Lightbridge’s Authorize.Net Launches Fraud Detection Suite for Online

Wednesday 21 April 2004 13:05 CET | News

Lightbridges Authorize.Net has released its Authorize.Net Fraud Detection Suite. This service is a customizable rules-based fraud detection system that allows merchants to identify and handle suspicious or potentially fraudulent transactions.The Fraud Detection Suite transaction filters and tools include: - Suspicious Transaction Filter - Detects highly suspicious transactions using proprietary identification criteria and transaction behavior analysis. - Amount Filter - Allows merchants to set lower and upper transaction amount thresholds, restricting high-risk transactions often used to "test" the validity of credit card numbers. - Velocity Filter - Limits the total number of transactions received per hour, preventing high-volume attacks common with fraudulent transactions. - Shipping-Billing Mismatch Filter - Identifies high-risk transactions with different shipping and billing addresses, potentially indicating purchases made using a stolen credit card. - Transaction IP Velocity Filter - Identifies excessive transactions received from the same IP address per hour, isolating suspicious activity from a single source. - Authorized AIM IP Addresses - Allows merchants submitting Advanced Integration Method (AIM) transactions to list server IP addresses that are authorized to submit transactions. - IP Address Blocking – Allows merchants to block transactions from IP addresses known to be used for fraudulent activity. The Authorize.Net Fraud Detection Suite benefits merchants by providing them with powerful tools to identify potentially costly fraudulent transactions while strengthening the security and reliability of their payment gateway account. Merchants have the ability to customize filter settings to match their individual business needs and control how the payment gateway handles suspicious transactions, including the ability to hold a transaction for manual review.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce