The proprietary FRISKTM risk management system from PrismPay provides a sophisticated suite of fraud detection and prevention options. Each transaction submitted can be filtered through a comprehensive series of fraud detection rules to determine potential risk.
FRISK ™ Features:
- Negative Account Blocking – Reject transaction from known fraudulent account numbers.
- Cramming Protection – Prevent the use of credit card or ACH number generating schemes by limiting the number of transactions allowed from a given IP address.
- Domain Blocking – Filter transactions by the Internet domain associated with the customer’s email address.
- Country Blocking – Filter transactions by the Internet domain associated with the customer’s country code.
- Prevent Duplicate Transactions – Track recent transactions to ensure the same transaction is not authorized more than once. This eliminates problems due to “double clicking” the transaction submit button as well as submission of duplicate batch transactions.
- IP Activity Limit – Limit the number of accepted transactions from a given IP address.
- Large Transaction Notification – This feature examines the transaction amount after the transaction has been accepted. When the amount exceeds an amount specified by merchants an e-mail is sent notifying the merchant that the amount has exceeded the threshold. The merchant can then review the transaction, refuse the sale before any products are shipped, and credit back the consumer at a later time.
- OFAC Check – All U.S. based businesses must comply with the Department of Treasury’s Office of Foreign Asset Controls’ (OFAC) requirements against doing business with targeted foreign countries, terrorists, international narcotics traffickers and those engaged in activities related to the proliferation of weapons of mass destruction.
- Proxy Blocking – Tracks and block proxy servers.
- ID Account Verify – This feature allows the merchant to makes two small debits and one credit to the consumer’s account resulting in a net balance of $0.00.
- Address Verification (AVS) – AVS matches the known address information associated with the given credit card number against the billing address information provided by the user. The merchant has the option of choosing the level of match required for an approved transaction.
- CVV2 – CVV2, or Card Verification Value 2, is a number that is printed, not imprinted, on Visa and MasterCard.
- Reject Free Email Address – Checks the e-mail address of the consumer against a database of free e-mail providers.
Find out more information about the PrismPay Fraud Protection System can benefit your business:
