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.
- Address Verification
- Unusual frequency
- Unusual time
of day purchases
- Declined card