Blog

KYC compliance
Mar 7, 2025159 min read

KYC compliance – The key to effective fraud prevention

AML Software
Feb 28, 20251611 min read

How AML software combats money laundering and fraud

Out Of Band Authentication
Aug 28, 202417114 min

Out-Of-Band Authentication – Preventing identity fraud

Centralized fraud operations
Aug 21, 202417310 min

Centralized fraud operations – The power of advanced orchestration systems in modern banking

Single Factor Authentication (SFA)
Aug 16, 202418515 min

Single Factor Authentication (SFA)- Exploring its role

Instant Approval
Aug 9, 202416620 min

Navigating instant approval in a fraud-prone world

Mobile Registration
Aug 2, 202418317 min

Safe mobile registration while protecting data from fraud

Data security and privacy as pillars of fraud prevention
Jul 19, 202424819 min

Data security and privacy as pillars of fraud prevention

Facial-recognition-systems
Jul 10, 202425120 min

Facial recognition systems -A new approach to fighting fraud

Account-opening
Jul 3, 202424320 min

Streamlining account opening while mitigating fraud risks

Alternative-data
Jun 28, 202422021 min

Alternative data – Enhancing accuracy in fraud detection

Risk monitoring
Jun 17, 202426315 min

Risk monitoring best practices – Staying ahead of threats

Fraud reporting and compliance The key to combatting fraud (1920 x 1080 px) (1200 x 627 px) Browser fingerprinting
Jun 7, 202427128 min

Browser fingerprinting – A thorough overview

Fraud reporting and compliance The key to combatting fraud (1920 x 1080 px) (1200 x 627 px) What is smurfing?
May 31, 202430314 min

What is smurfing? – Everything from methods to mitigation

Fraud reporting and compliance The key to combatting fraud (1920 x 1080 px) (1200 x 627 px) New account fraud
May 24, 202428316 min

New account fraud – Understanding and preventing it

Fraud reporting and compliance The key to combatting fraud (1920 x 1080 px) (1200 x 627 px) Account verification?
May 20, 202446613 min

What is account verification? – Best practices

Chargeback management
May 10, 20242659 min

Chargeback management – Essential insights for businesses

Fraud reporting and compliance The key to combatting fraud (1920 x 1080 px) (1200 x 627 px) Fraud risk assessment
May 2, 202437313 min

Fraud risk assessment – A proactive approach

How to prevent chargeback fraud Preventing chargeback fraud requires a proactive approach and implementation of robust strategies. Here are some effective measures businesses can take to mitigate the risk of fraudulent chargebacks: Enhance transaction monitoring Implement real-time transaction monitoring systems to detect suspicious activities and potential instances of fraud. Flag transactions that deviate from typical purchasing behavior, such as unusually large orders or multiple transactions from the same IP address. Implement Address Verification Systems (AVS) Use AVS to verify the billing address provided by the customer with the address on file with the credit card issuer. Mismatches may indicate potential fraud and warrant further investigation. Require CVV verification Requesting the Card Verification Value (CVV) during online transactions adds an extra layer of security. Fraudsters may have stolen credit card information but not the CVV, making it more difficult for them to complete fraudulent transactions. Employ fraud detection tools Adopt fraud detection tools and algorithms that analyze transaction data to identify patterns indicative of fraudulent activity. These tools can help flag suspicious transactions for manual review and reduce the likelihood of chargeback fraud. Educate customers Provide clear and transparent policies regarding purchases, returns, and chargebacks. Educate customers about the consequences of chargeback fraud and the importance of resolving disputes directly with the merchant before initiating a chargeback. Optimize customer service Offer exceptional customer service to address concerns and resolve issues promptly. A responsive customer support team can prevent misunderstandings that may lead to unwarranted chargebacks. Secure payment processing Ensure that your payment processing systems are secure and compliant with industry standards. Use encryption and tokenization to protect sensitive customer information and prevent data breaches that could lead to fraudulent transactions. Implement fraud filters Configure fraud filters to automatically flag transactions that exhibit suspicious characteristics, such as high-risk countries, multiple failed payment attempts, or mismatched billing and shipping addresses. Maintain detailed records Keep comprehensive records of transactions, customer interactions, and shipping details. Documentation can serve as evidence in dispute resolution processes and help refute fraudulent chargeback claims. Stay Informed Stay abreast of emerging fraud trends and continuously update your fraud prevention strategies accordingly. Attend industry conferences, participate in forums, and collaborate with other merchants to share insights and best practices. Chargeback-fraud
Apr 19, 202433020 min

Chargeback fraud – Insights and prevention strategies

Anomaly detection for fraud prevention
Apr 10, 202440625 min

Anomaly detection for fraud prevention – Advanced strategies

Fraud reporting and compliance The key to combatting fraud (1920 x 1080 px) (1200 x 627 px) Credit card chargeback
Mar 27, 202433316 min

Credit card chargeback explained – A comprehensive guide

Fraud reporting and compliance The key to combatting fraud (1920 x 1080 px) (1200 x 627 px) Financial risk
Mar 25, 202438416 min

Financial risk – Mitigation strategies against fraud