Verifi, the provider of transaction risk management services for card-not-present merchants, has added new features to its IP Intelligence capabilities, a fraud prevention and risk management platform.
Reportedly, the merchants now have the advantage of Verifi’s platform to implement fraud screening checks for online transactions utilizing IP geolocation, proxy detection and reputation data. The company has said that with this intelligence, merchants can create actionable rules to filter and flag high-risk transactions for review.
According to the company, Verifi’s IP Intelligence solution provides extensive IP geolocation information, which is a key indicator of transaction risk and credit card fraud.
Jennifer Schulz, CEO of Verifi, said: “Since its inception, Verifi’s platform has provided merchants with the latest capabilities in the fight against fraudulent and risky transactions. We will continue to enhance our platform to develop and incorporate leading fraud detection technologies.”
