Online Shopping Fraud Prevention
Reduce online fraud for Card Not Present (CNP) transactions
Over the last several years, shopping online has become a convenience that most consumers cannot do without.
Online merchants want solutions that are both convenient to customers and reduce the risk of fraudulent transactions. They would benefit from using 3-D Secure Authentication programs offered by Visa, MasterCard, and JCB to reduce liability, but don’t want to bog down the customer with additional security.
Card issuers are looking to reduce fraudulent transactions while expanding the use of cards for online shopping. Additional authentication and verification using the Verified by Visa, MasterCard SecureCode, or JCB J/Secure programs is required to ensure that an unauthorized user is not using your cardholder’s accounts for theft of goods and services.
Arcot is the de facto standard for e-Payment card authentication and fraud reduction for both card issuers and online merchants.
Arcot offers you A-OK for e-Commerce, a fully hosted service managed by Arcot or TransFort, a licensed product for you to install and manage yourself. A-OK for e-Commerce currently supports nearly one hundred million transactions per year and this number is expected to double each year. Arcot’s 3-D Secure solutions provide authentication based on information not visible on the cards for all online card not present (CNP) transactions. Basic cardholder authentication and 3-D Secure compliance is provided by Arcot TransFort™. Our fraud detection solution, Arcot RiskFort™, provides an additional layer of fraud prevention and works transparently with TransFort and is a component of A-OK for e-Commerce.
Key Features and Benefits:
- Fully compliant – Issuers can offer enrollment and authentication services to your cardholders and merchants that are fully compliant with Visa, MasterCard, and JCB security standards.
- Rapid compliance – Merchants can authenticate the identity of any cardholder who has enrolled in a 3-D Secure compliant program and take advantage of the liability protection offered by the Issuers.
- Real time protection with non-invasive cardholder experience - In either case, you can add Arcot RiskFort Web fraud detection to provide an additional layer of real-time protection for card issuers and merchants against fraudulent shoppers. Invisible to legitimate cardholders, RiskFort analyzes a range of data in the context of each transaction and measures the fraud potential of each transaction. Legitimate users who engage in behavior that is within their normal activity profile and your policies do not see a change in their online experience.
|
