PSP/Bank Edition

Product Overview

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PSP/Bank Edition Interested in receiving further information? Contact us today. Phone +45 70270585 Fax +45 70270599 E-Mail Request Information

The anti-fraud filters and tool for this package depends on the needs of the Payment Service Provider or Bank. Unlike the other packages, this edition contains tools specifically designed for PSPs and Banks. One of the specific features allows the PSP or Bank to control sub-systems inside the VFraud system, allowing you to control and group merchants into categories of filters depending on the merchants business area.

Scenario:

If for example a PSP has a number of merchants they wish to run through the fraud screening process, the PSP has the ability to create groups of each business area of their merchants, and put each merchant into the group that matches their business area. You will be able to attach different patterns of anti-fraud filters to each group, which means that you can easily set up a unique set of anti-fraud filters which all merchants in this group will be screened against.

If for example you have 5 merchants, 3 of them are "e-commerce" merchants and the other 2 sells "downloadable goods", you have the ability to create two groups, fx. an "e-commerce" and a "downloadable goods" group, and set up different anti-fraud filters for each of those two groups. You will then attach the three "e-commerce" merchants to the "e-commerce" group and the two "downloadable goods" to the "downloadable goods" group. Whenever a merchant in the "e-commerce" group makes a transaction, this transaction will be screened using the filter-setup in the "e-commerce".

The image below illustrates how sub-systems, groups, merchants and filters are build inside the VFraud system.

As a PSP or Bank you will be in control of the VFraud system. You will be able to manage all sub-systems, groups and merchants. You could even set up VFruad to be completely invisible to the merchant and the cardholder, or you would could set up a sub-system for the merchant and let the merchant manage the fraud screening by them selves.

We offer a VFraud licens that lets you set up the anti-fraud system anywhere in your network. If you choose to host the VFraud system on your own servers, it gives you the freedom of choosing the hardware your self and manage the uptime and accessibility. You could also let us host the VFraud system, in this way you do not have to think about hardware, security and availability, this will all be handled by our team.

• Updated Monthly
• Under constant development and expansion
• Total control of your transactions
• New anti-fraud filters is developed and added to compensate for newly discovered fraud
• Complete control of the VFraud system
• Great for gathering market data
• Multiple subscriptions packages available
• Accurate and up-to-date data source
• Supports countries worldwide
• Free customer support

Besides the advanced fraud screening, VFraud also offers you the ability to collect important data about card holders. With Vfraud you are able to track details on each customer which is delivered in real time as a report. This report can be used for marketing purpose, to see consumer trends, behavior, and card trends together with stats on returning customers. The report will also give you a datailed overview of the customers of each merchant in your system, which, among other things, will make it easier for you to see where your merchant's customers comes from.

Below you will find a short list of some of the data that can be used for marketing purposes and trend analyzing:

• Card types used
• The use of card types separated by brand
• Advanced stats by grouping the sex of your customers
• Customer's country
• Where does your customers come from
• How much money does your customers spend on your website
• Are your customers female or male
• First time or returning customer
• Turnover Peek dates
• Peek date, most turnovers on the day of the week
• Trend curve, with consumer key data

The table below briefly describes the filters currently available in this package. Most filters can be setup and used in many different ways.

Filter	Description
Amount Average	Calculates the overall average transaction amount and checks if the incoming transaction amount exceeds the average with a given percentage.
BIN Country	Checks for which country this credit card comes from, and compare it against a white/blacklist for a match. It is designed to detect if the credit card is from a “high risk” country. With this filter you are able to either make a blacklist or a whitelist, depending on which countries are specified as “high risk” countries.
BIN vs IP	Checks if the credit card and the IP address being used are form the same country. This filter detects if for example a German credit card is being used from a location in the UK or any other combination of countries.
Blacklist	Blacklist a transaction on some defined data. This means if the transaction data contains the data defined in the blacklist, the filter will be triggered.
Blacklist IP	This filter gives you the possibility to add an IP address to the blacklist and if the IP address is being used to make a transaction this filter will be triggered.
Data Comparison	This filter checks if the same data has been used before in an earlier transaction. For example if the same credit card has been used more than once in a defined time frame or if the same IP address, address, email, name, phone, etc is being used more than once in a defined timeframe.
Decline Percentage	If the decline percentage in the VFraud system rises above the defined allowed decline percentage, this filter will be triggered.
Distance	Calculates the distance, in kilometers, between the cardholder address and the shipping address and checks if this distance exceeds the distance specified in the filter.
Free E-mail	Checks if the e-mail address being used, is a free email.
Identical Data	Check if transaction data is identical to another transaction made within a given timeframe. This filter can be set up in many combinations, for example if the two transactions come from the same IP address or they are using the same credit card number.
IP Country	Checks from which country this IP is from and holds it against a list of white/blacklisted countries. It is designed to flag transactions that are made from “high risk” countries. It can for example be setup to flag all transactions made from outside EU or from a none-OECD country or any other combination of countries.
MIN/MAX Filter	Checks if the transaction amount is within the given interval. This filter is designed to detect if the transaction amount is greater or lower than the predefined amount.
Proxy Detection	Screens the transaction against our database of known transparent proxies. If the cardholder is hiding behind a known transparent proxy, this filter will trigger an alarm.
Shipping Address	The filter can be setup to detect if the credit card, the IP address and the recipient of the goods is from the same country.
Time Frame	Checks if the transaction is made within a given time frame. It can be setup to use the time zone of the shop or the time zone of the cardholder. This filter is designed to flag transactions that had been made outside a given time frame.
Volume Growth	Checks if the growth of transactions or transaction amount exceeds the predefined percentage in a given time frame. This is specially designed to detect sudden rise of transactions and/or transaction amounts.
Watchdog	This filter allows the you to add a transaction for observation. This means that the filter will keep track of other incoming transaction that looks like the transaction under observation. It will compare the pattern/data of the transaction under observation and report if this is recognized in other transactions. It can be setup to automatically add special transactions to the observations list. This could for example be transactions that are marked as “stolen card”.