Fraud Prevention

We are so excited to have partnered with NMI. VCCP is now your direct contact for any of NMI’s products and services.

Detect Fraud Before It Happens

With the rise in e-commerce transactions and the advance of mobile payment technology, the need for payment cybersecurity is a top priority.

NMI Fraud Prevention empowers merchants to defend against fraudulent activity using extensive filters to detect suspicious transactions before they’re approved.

The enhanced reporting capabilities give merchants access to all the information they need to root out fraudsters for good.

WHERE FRAUD PREVENTION IS ESSENTIAL

All businesses could benefit from advanced security when accepting payments, yet your merchants are particularly prone to fraud when…

  • They sell goods and services internationally.
  • They process a high volume of transactions, particularly in e-commerce and card-not-present situations.
  • They are in high-risk industries, such as: electronics, online gambling, fantasy sports, or subscription-based sales.

MERCHANTS CAN CUSTOMIZE THEIR LEVEL OF PREVENTION

Using the safeguards enabled by the processor provides only basic protection. By setting a customized set of rules, Fraud Prevention can be scaled to suit the merchant’s unique needs.

  • BASIC
    • Processor Standard: Will decline if a card is over-limit or reported lost or stolen.
    • Enhanced Processor Standards: Address Verification (AVS), cardholder Verification Value (CVV), and duplicate filters.
  • INTERMEDIATE
    • Payer Authentication 3-D Secure – 3DS and 3DS2: Mastercard SecureCode / Verified by Visa
    • NMI Fraud Prevention: Set extensive filters to detect suspicious transitions before they are approved. (e.g. transaction limits, country filters, IP blocking, etc.)
  • ADVANCED
    • Third-party tools Line KOUNT: Database and AI-driven comprehensive fraud screening toolset.

KEY FEATURES

  • SETTING YOUR FRAUD PROTECTION PARAMETERS
    • Thresholds: Set of daily, weekly, monthly or yearly rules that can be set for both transaction value and transaction volume; you can apply rules to all the processors or just one.
    • User Ban: Ban specific users by the IP address, credit card number, country or user information in your system.
    • Exceptions: Make exceptions to the fraud ban system for users you know are legitimate.
  • REVIEWING FLAGGED TRANSACTIONS AND HISTORY REPORTING
    • Waiting Review: Transactions flagged as possibly fraudulent will be listed for review.
    • History Log: This page allows you to see all transactions in a detailed, color-coded chart to easily reference transaction status.

BENEFITS FOR MERCHANTS

  • Flexibility to control the right level of protection for a particular business type and then adjust as merchants scale or the landscape changes.
  • Improve customer retention and value to maximize your brand status transactions in a detailed, color-coded chart to reference transaction status easily.
  • Enable merchants to grow and be successful by avoiding costly fraudulent transactions and processing fees before they happen.

DID YOU KNOW?

In addition to providing the API tools you need for your online business, NMI can ALSO be your merchant processor!

I’m just a few clicks away if you want to learn more about the NMI Automatic Card Updater, Banking Solutions, Collect Checkout, Collect.js, Customer-Present Cloud, Customer Vault, Electronic Invoicing, Google Pay, Hospitality & Restaurant Card Processing, iProcess, Kount Advanced Fraud Prevention, Mobile Card Processing, Retail Card Processing, Self-Service Payment Processing, Webhooks, 3DSService, Fraud Prevention, or other NMI services.

Let me know if you have any questions.

CHEERS! 🥂

Alan 🍇🥕💳🧾💰