Risk & fraud management
Daily monitoring of fraud and chargeback rates and ratios. Deep analysis on all transactional data. All security measurements to keep your and your customers’ data safe.
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Our risk & fraud management tools
With PAYSTRAX you not only get fully PCI DSS-compliant services, but also a multi-layered fraud prevention technology, backed by a team of risk experts. This minimises risk and saves you money by delivering visibility across all channels. Our solutions are easy to implement and use, with a fully integrated and intuitive interface. They are designed to give you the highest level of business context and information.
SERVICE QUALITIES
Cutting-edge risk management solutions
Post-monitoring
Post-monitoring system analyses transactions after they have been processed. By employing advanced algorithms and machine learning, we identify suspicious patterns and anomalous activities.
Real-time risk checks
The payment gateway is fortified with real-time risk checks that instantly evaluate the legitimacy of each transaction. Our blacklist management features maintain an up-to-date list of known fraudsters and risky customers, preventing them from exploiting our merchants.
Monitoring
With our chargeback and fraud monitoring system, we proactively track and manage chargebacks and fraud rates, empowering us to detect and mitigate potential issues early on, helping our merchants reduce their occurrence and effectively resolve disputes.
Regulatory monitoring
Our regulatory monitoring system ensures that our merchants stay informed about regulatory changes and requirements across multiple jurisdictions, helping them conduct their business smoothly and securely.
Fraud prevention
Our solution leverages sophisticated AI algorithms to analyse transactional data, user behaviour, and contextual information in real time. By detecting even the most subtle indicators of fraud, we can prevent fraudulent transactions before they happen.
Web risk monitoring
Our web risk monitoring system keeps a close eye on potential risks associated with our merchants' online presence, protecting them from cyber-attacks and data breaches. Implementing web risk monitoring also helps ensure compliance with industry regulations and standards.
Risk assessment
Our experienced team of specialists performs an in-depth analysis per customer on their fraud and chargeback performance, general consulting advice on best practices on reducing fraud and chargebacks, and how to have a better, smoother and frictionless interaction between the customer and the business.
Chargeback prevention
We offer chargeback prevention tools that assist businesses in implementing strategies to minimise the chances of chargebacks. This helps them protect their hard-earned revenue and maintain a positive relationship with their customers.
Post-monitoring
Post-monitoring system analyses transactions after they have been processed. By employing advanced algorithms and machine learning, we identify suspicious patterns and anomalous activities.
Real-time risk checks
The payment gateway is fortified with real-time risk checks that instantly evaluate the legitimacy of each transaction. Our blacklist management features maintain an up-to-date list of known fraudsters and risky customers, preventing them from exploiting our merchants.
Monitoring
With our chargeback and fraud monitoring system, we proactively track and manage chargebacks and fraud rates, empowering us to detect and mitigate potential issues early on, helping our merchants reduce their occurrence and effectively resolve disputes.
Regulatory monitoring
Our regulatory monitoring system ensures that our merchants stay informed about regulatory changes and requirements across multiple jurisdictions, helping them conduct their business smoothly and securely.
Fraud prevention
Our solution leverages sophisticated AI algorithms to analyse transactional data, user behaviour, and contextual information in real time. By detecting even the most subtle indicators of fraud, we can prevent fraudulent transactions before they happen.
Web risk monitoring
Our web risk monitoring system keeps a close eye on potential risks associated with our merchants' online presence, protecting them from cyber-attacks and data breaches. Implementing web risk monitoring also helps ensure compliance with industry regulations and standards.
Risk assessment
Our experienced team of specialists performs an in-depth analysis per customer on their fraud and chargeback performance, general consulting advice on best practices on reducing fraud and chargebacks, and how to have a better, smoother and frictionless interaction between the customer and the business.
Chargeback prevention
We offer chargeback prevention tools that assist businesses in implementing strategies to minimise the chances of chargebacks. This helps them protect their hard-earned revenue and maintain a positive relationship with their customers.
In-built security tools
A secure payment environment is the key to the successful business. That’s why we concentrate on various security tools that allow us to offer safe and reliable options for our merchants.
Our machine learning engine filters out millions of transactions daily based on rules set up by our specialists to prevent and identify possible risks – AML/CTF, credit, fraud.
Our ML engine configured by us provides alerts about flagged transactions (breaking our set thresholds). It gives us the ability to spot unusual transactional activity from all our merchants.
Our used chargeback prevention tools offer a fast and easy solution for chargeback prevention, providing a quick and cost-effective way to prevent chargebacks.
Chargeback management solutions
Verifi Order Insight
Verifi Order Insight enables cardholders and issuers to view purchase details in real time. In the e...
VISA Compelling Evidence 3.0
Compelling Evidence 3.0 (CE3.0) enables merchant to use the cardholder’s historical transaction da...
Verifi RDR Alerts
With the Verifi Rapid Dispute Resolution (RDR) service, an alert is sent to the RDR system, and an a...
Ethoca Consumer Clarity
Ethoca Consumer Clarity creates a real-time data report with comprehensive information on the transa...
Ethoca Alerts
Ethoca Alerts is a service that allows merchants to respond quickly to a potential chargeback. An al...
Frequently asked questions
What is AML (Anti-money laundering)?
Money laundering is illegally obtaining a large amount of money from criminal activities and making it look legal through buying or selling assets, business transactions etc. AML is a process that detects such an activity through money transactions. AML includes different regulatory standards, laws, and policies that prevent financial crime.
How long does risk assessment take when onboarding?
Risk assessment of the business is a crucial process before starting the onboarding. Depending on the business and given information, risk assessment can take from few hours to weeks. The more information provided, the sooner the onboarding process can begin.
What business is considered high risk?
Common high-risk merchants are: trading, gambling, gaming, travel agencies, cryptocurrency, telemarketing, e-cigarettes, computer software and similar.
What is payment gateway fraud?
Payment gateway fraud is a way of purchasing goods using another person's funds or personal details without a card present. In these situations, a chargeback is issued.
What happens if a fraud is detected during the transaction?
If fraudulent activity is detected during the payment transaction, the transaction is stopped and manually reviewed by our team members. After checking the transaction, a chargeback may be issued to return money to the client. If it’s detected that the business is taking part in criminal activity, a report is sent to responsible authorities.
Can’t find answer to your question? Contact us!
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