In response to the demand for risk and payment solutions for digital commerce, new fraud prevention solutions are available starting today; the new fraud prevention provides to their customers more choices that can be implemented in costume ways that meet their customers’ needs.
This new fraud prevention technology leverages a proprietary risk database to deliver real-time fraud decisions and protection. Assessing in real time the e-commerce transactions which reduces friction and maximizes the number of payments accepted. Those actions deliver a seamless customer experience which results in improved customer acquisition, a decrease of the abandonment, sales, and brand loyalty. Cybersecurity researchers promise a zero fraud liability for the accepted transactions, meaning no chargebacks, fines or fees related to third-party fraud or unauthorized charges for those who choose to implement them.
Remember everything can be hacked. In order to stay away from any threats related to the cyber world, we recommend the install of antivirus for Windows or antivirus for Mac on every device that you own, depending on which OS your device is running. If you are a company, it is also recommended to hire every year a specialized cybersecurity company that will run annual tests on your company’s network. These tests include penetration testing and ethical hacking tests;
One of the new fraud prevention solutions is called Guaranteed Gateway.
It works by pairing the fraud prevention and the e-commerce payment process in order to create a solution that simplifies merchant operations through a single point of integration. Guaranteed Gateway also includes a financial settlement, a refund processing, and a chargeback management service; can as well support multicurrency transactions, that are cybersecurity through a token and point-to-point encryption.
The second is named Guaranteed Acquiring
It is a service that delivers a single-source acquiring solution with integrated fraud protection. By using it, a merchant can combine processing and settlement, fraud prevention, and chargeback management in a single solution that enables customers to focus on their core business needs. Guaranteed Acquiring promise to improve financial performance through acceptance and lower operational costs.
Many big companies have already chosen to use these new features, including AT&T, T-Mobile, Vodafone, Telcel, and Rogers. But researchers say that any e-commerce businesses, whether they operate in retail, wholesale or distribution, can to choose the implement them because whatever option they select, customers will have zero fraud liability for accepted transactions and the company will get time, lower operational costs and no losses due to the lack of fraud, chargebacks, and compliance issues.
We would continue to monitor this cybersecurity problem. Meanwhile, users should keep a keen eye out for any cyber attacks. Remember to use an antivirus for Windows or antivirus for Mac in every device that you own, depending on which OS your machine is running, If you are a company we recommend to hire every year a specialized cybersecurity company that will run annual tests on your company’s network, tests like this include: penetration testing and ethical hacking.