With Peak Shopping Season On Its Way, Payment Security is Key

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Versatile payment acceptance systems, and cool mobile/social/local features will surely help retailers maximize on the upcoming opportunity presented by peak shopping season. But what good are any of those without watertight fraud detection and payment security? ThreatMetrix has a few suggestions for how to avoid massive fraud costs, in time to keep your holiday shopping season happy and cheerful.

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Every organization that transacts with an online visitor needs fraud screening. The costs are simply too high not to: direct loss, chargeback costs, data loss associated with account taker over, and potential brand damage. But a poorly executed fraud defense can have high costs as well. Inaccurate or intrusive fraud screening may alienate customers and users, cause lost sales, and incur expensive manual review costs.

Click here to download a free copy of A Threat Metrix White Paper.

TrustDefender™ ID from ThreatMetrix™ helps organizations meet this challenge. It provides a cost-effective first perimeter of defense against online fraud without changing how visitors interact with your site. It identifies suspicious transactions in real-time, and categorizes the transaction as: accept, reject, or review, allowing organizations to optimize their manual review process. For high-risk transactions, TrustDefender ID can perform additional identity verification.

This paper provides an introduction to TrustDefender ID and explains various aspects of how it is effective against fraud, including:

• TrustDefender ID device identification and SmartID
• Hidden proxy detection and True IP
• Real time fraud screening using the rules engine
• Leveraging the ThreatMetrix Global Network
• Identity Verification: step-up screening
• Reviewing transactions