Payments fraud is an ongoing battle for merchants, PSPs, issuers, acquirers, processors and switches. It’s a problem in both card present (CP) and card not present (CNP) environments. Not only does fraud affect the entire payments value chain, it also affects all sectors, spreading rapidly across geographies and industries. The potential financial loss from fraud can be enormous; it also damages reputations, increases costs, reduces revenues and degrades the customer experience.
Fraud is a global problem and fraudsters are becoming increasingly sophisticated. Where in-house fraud prevention solutions might once have kept fraud to an acceptable level, this is no longer the case. Today’s fraudsters, operating globally, need to be dealt with through sophisticated, real-time (RT) or near-real-time (NRT) fraud screening solutions, informed by an understanding of fraud patterns and behaviors around the world.
Our ReD Shield® and ReD PRISM® fraud prevention solutions help to:
Please contact us for further information on our real-time (RT) and near-real-time (NRT) fraud prevention solutions.