EComCharge Advances in MinFraud Service
eComCharge leverages minFraud service to respond to data security risks in e-commerce business
Riga (I-Newswire) August 6, 2013 - The certified payment service provider in Europe and CIS countries, eComCharge, is now providing access to the minFraud service used in fraud identification during online transactions, account authorization and affiliate referrals.
The minFraud service is an integrated network of e-commerce businesses established by MaxMind. It is used for advanced fraud detection and protection against suspicious activity from high risk IP addresses and unidentified proxy. When a transaction from high risk IP takes place, it is notified in the minFraud network and updated in real time. The key capacities of the fraud identification services cover location checking, proxy detection, device and proxy tracking, card identification and post query analysis. minFraud is provided in standard and premium versions associated with difference in bank identification number (BIN) outputs. Both versions take care of customers' data security by determining the riskScore based on the customers' data inputted.
"Our e-commerce merchants note significance of minFraid protection related to reduced chargebacks and fraud associated costs. As risk scores and data elements are produced automatically, merchants can allocate time efficiently while reviewing orders. minFraud is a network-based security service, therefore any warning signal is visible to all authorized users within the minFraud network in real time", - says one of the eComCharge experts.
eComCharge has taken a position of trusted smart payment service provider in the European space. Small and large developed companies from Europe and CIS countries are company's regular customers. While developing partnership with banks, processors and payment systems, eComCharge grows with new advanced processing solutions to meet day-to-day business needs of e-commerce merchants.
G. Astras 8b, Riga LV-1082
Phone : +371 67398651
Published On:August 6, 2013
Print Release:Print Release
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