Itís crucial that any eCommerce merchant have a rule-set based fraud management utility that allows merchants to configure extensive filters to help them in detecting fraud and screening suspicious transactions. Extensive reporting systems give merchants a quick and easy way to review transactions, block suspicious activity, and zero in on malicious users.
A good fraud protection system is easily controlled by the merchant who has complete control over the system. Through a control panel, merchants can:
1. Maintain good and bad customer lists
2. Create and edit processing controls
3. Restrict or allow access by banning IP addresses, counties, zip codes or any other geographic variable
4. Set controls to filter for email address, transaction count, dollar amounts, velocity checks and a variety of other parameters.
Properly set fraud filters eliminate the majority of fraudulent transactions in real-time. The selected filters can be customized for each merchant, which are continuously updated to keep the merchant one step ahead of the fraudsters.