Identify and block suspicious transactions

Payment transaction monitoring can be used to detect and flag potentially fraudulent or risky transactions based on different indicators, such as:

• Location. For example, multiple purchases made with one credit card from different countries over a short period of time.
• Sequence. For example, a series of transactions below a certain threshold or multiple-purchases of high-value items followed by quick returns.
• Destination. For example, a large sum of money transferred to a high-risk country.
• Amount. For example, purchases or cash withdrawals that exceed a certain amount.

Eliminate payment processing errors

Create rules to detect payment processing errors and correct your payment processing system failures and initiate refunds. Timely identify such issues as:

• Incorrect transaction amounts.
• Duplicate charges.
• Late presentments and many more.

Monitor user behavior

Prevent unauthorized access to your users’ accounts and other fraudulent activities by identifying suspicious behavior, such as:

• Logins from unusual devices and locations.
• Frequent changes of the account information or shipping address.
• Multiple failed login attempts within a short period of time.
• Creation of multiple accounts from one IP address.

Introduce risk-based approach

Protect your users and your revenue by taking additional measures to ensure compliance with regulators’ requirements and maximize safety and security:

• Create lists to block transactions from sanctioned entities.
• Add AML screening for big transactions.
• Introduce additional checks, such as biometric authentication if suspicious behavior is detected.
• Leverage crypto analytics and Travel Rule checks for crypto transactions.