Provide Your Merchants with Reduced Losses Due to Fraud
With iXept Purchase Alert™ you can deploy a real-time fraud mitigation and alert
platform that is embedded in the payment stream. Highly customized, innovative solutions
enable you to stay ahead of emerging trends to effectively manage risk and detect,
prevent and reduce fraud. It also enables you to securely manage your merchants’
chargeback ratios, and since the merchant does not have to close batch or run end
of day to score transactions for exceeding expected thresholds, it vastly reduces
the time to detect fraud. This innovative solution enables your merchants to detect
fraud in real time while engaging in 2-way communication between buyers and sellers.
Results:
• Quick response to possibly fraudulent transactions
• Reduction in false positives and manual order handling
• No disruption to the payment process
iXept Purchase Alert can work hand in glove with your merchants to proactively catch
fraud within seconds of the purchase. Reactive methods of monitoring fraud are far
less efficient and cost-effective.
iXept Purchase Alert includes multi-channel financial fraud detection on all forms
of payment: credit, debit & prepaid cards, ACH, wire, bill pay, and check.
• Customization of alert rules for high risk account holders
• Reduction in merchant expenses, losses, & dispute resolution time
• Improved buyer experience
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Financial institutions and merchants bear 94% of the cost of fraud.
Javelin Strategy & Research.
In addition to the actual fraud amount, the 2009 LexisNexis True Cost of Fraud Study
puts the cost of fraud to merchants at $100 billion.
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