Fraud Prevention Solution

The area that most concerns the Financial Institution and retailers is the dramatic increase in credit card fraud. Credit card fraud in remote (e.g. Internet) payments is rising rapidly and is of great concern to merchants, who often sustain the cost of fraud in the form of charge-backs. To reduce increasingly sophisticated fraudster's hit rate; AUMec can offer be spoke designed fraud detection solutions with data screening software to help merchants and acquirers reduce card fraud rate and data entry errors.

Fraud controls include:

• Address Verification System (AVS)
• Unusual frequency of purchases
• Unusual time of day purchases
• Geographical mismatch
• Declined card screening