RISK MANAGMENTProtection from Fraud Attacks!
LinQpay Risk Management is the most accurate and effective solution available to protect against the threat of fraud attacks, increase revenue, and improve the profitability of card-not-present sales channels. LinQpay Risk Management combines:
• A comprehensive and powerful arsenal of screening technologies to optimize fraud detection and protect
against fraud attacks;
• Fully automated screening and order review tools to increase efficiency of order processing;
• Accurate detection of fraudulent orders to maximize legitimate sales and customer satisfaction;
• An open, flexible decision platform that will adapt and grow with your business;
• Flexible, cost effective deployment options to maximize your Return on Investment.
Comprehensive Fraud Prevention
LinQpay Risk Management integrates a comprehensive and powerful arsenal of fraud detection technologies, including; sophisticated order screening rules, rule weighting, merchant configurable velocity checks, neural network risk scoring, international IP address location, automated order review assistant, and more. The result is a flexible decision management platform that can be easily customized to specific merchant business requirements.
Increase Efficiency
LinQpay delivers fully automated screening and review tools to increase order processing efficiency. Automated and accurate order screening reduces the number of orders that require manual intervention. LinQpay Risk Management also streamlines the process of verifying orders identified as suspicious by front-end screening through easy access to detailed transaction information and a fully automated research tool that can trigger requests from external data sources. This powerful combination enables a significant reduction in cost and the ability to efficiently scale the operation to leverage the rapidly growing online channel.
Maximize Sales and Customer Satisfaction
LinQpay Risk Management provides total business user control over order screening and review. The web-based user interface enables merchants to easily design, deploy, and update an automated screening process, tailored to the specific nature of their business, in real-time and with no assistance from IT staff. Merchants are able to optimize detection of real fraud and minimize rejection of legitimate orders resulting from overly restrictive criteria.
Merchants can also confidently expand their sales reach to foreign markets, increasing both revenue and profits. LinQpay Risk Management provides a valuable screening tool for international fraud that identifies the country of origin of the consumer's IP address. Merchants can create rules to filter transactions originating from countries with high rates of fraud, or being billed or shipped to a country different than the originating IP address.
Flexibility For The Future
LinQpay Risk Management provides a flexible framework that enables merchants to effectively respond to a fraud attack in real time and adapt their order screening process to emerging and ever changing fraud schemes. In addition, the open architecture provides merchants with the ability to easily integrate additional third-party fraud screening and identity-validation services, to further enhance and automate the screening process.
Risk Management Features
Solution Overview
Effective and efficient fraud prevention requires an automated, real-time screening process that maximizes detection and minimizes review costs without negatively impacting the shopping experience of legitimate customers. LinQpay Risk Management delivers the most powerful arsenal of detection technologies, including:
| • | LinQpay’s powerful, flexible rules engine enables merchants to implement an automated transaction screening process that is completely tailored to their business and processes. Its easy-to-use web-based user interface allows the merchant to design, deploy, and update the screening process in real-time, with no transaction processing downtime, and with no assistance from IT staff. |
| • | Sophisticated Business Rules - create any number of business-specific screening rules, based on any combination of over 100 transaction and customer-history based order detail data fields and built-in functions. In addition, merchants may augment the data with fields particular to their domain or business. These rules enable sophisticated transaction profiling intelligence to be applied in a manner entirely customized for the business. |
| • | Rule Weighting - a first of its kind feature that enables users to easily create a customized "scorecard" for assessing fraud risk by assigning numeric values, or weights, to the business specific screening rules established. Rule Weighting improves detection accuracy by providing a customized transaction risk score based on how many and, more importantly, which rules are triggered. |
| • | GeoLocator International IP Location - enables merchants to screen out international fraud by identifying the country of origin of the consumer's IP address, and filtering transactions originating from countries with high rates of fraud, or being billed or shipped to a country different than the originating IP address. |
| • | Merchant Configurable Velocity Checks - provide the ability to identify and screen out orders containing repeat occurrences of any captured data field, for example credit card number, email address, IP address, etc., across a series of order transactions over time. Velocity checks can be used in conjunction with the rules engine to provide an effective tool for recognizing patterns that are indicative of fraud. |
| • | Fraud Neural Network Risk Score - a neural network model that delivers the benefits of fraud patterns learned from the largest and highest quality database in the industry, representing tens of thousands of retailers and tens of millions of online transactions, across market domains. The Fraud risk score provides a measure of the degree of risk that can be used both in the screening of transactions and in the prioritization for review. |
| • | Intelligent Lockouts - protect merchants from schemes such as automatic account number generators by detecting sequences of declines, and blocking further attempts to authorize the transaction. Can be used to easily create and manage negative lists to block transactions based on prior fraud attempts, and positive lists to streamline the approval of transactions for trusted parties. |
| • | Authorization Checks - an extensible, document-based API allows any additional data to be included with the transaction and used in the screening process. For example, Address Verification Service (AVS) and Card Verification Methods (CVM) responses from card processors, as well as any other external authentication or scoring service data. |