According to the company, with online commerce continuing to grow and cybercrime becoming increasingly prevalent, merchants can protect their business from unauthorized card use with Fraud FlexDetect.
It offers card not present businesses of all sizes a robust fraud detection and management tool that operates directly within each transaction’s authorization flow.
Fraud FlexDetect is accessible through several of First Data’s existing processing platforms, eliminating integration effort for thousands of eCommerce businesses.
Bruce Dragt, SVP and division manager for Payment Acceptance at First Data, said with Fraud FlexDetect, merchants can develop a customized strategy that strikes the right balance between control and delegation of fraud prevention activities, and because it is integrated into their existing payment platforms, there is virtually no IT effort or maintenance.
Fraud FlexDetect includes a real-time scoring engine that evaluates the risk level of transaction data based on the merchant’s customized parameters, and also includes a consolidated review interface for further identification and analysis of transaction risk.
Some of Fraud FlexDetect’s tools include device fingerprinting, IP geolocation and velocity checks. The solution provides merchants with an interface that contains streamlined reporting and link analysis; multiple levels of role access and visibility to compare fraud scores against chargeback and dispute data.
