Integrating Location Data Into Sub-Merchant Onboarding Processes to Stop Fraud
We all know that merchant acquirers and payment facilitators are responsible for customer chargebacks caused by fraudulent sub-merchants. Some people in payments processing and fintech think of this kind of fraud as just the “cost of doing business.” In reality, it can mean the difference between being profitable or going out of business.
Fortunately, there’s an additional set of data that can be easily integrated into your onboarding process to reduce the number of fraudulent sub-merchants making it onto your system: advanced location signals. In this white paper, GeoComply shares how fraudsters easily manipulate IP addresses to fake their location, and how using modern geolocation data to determine a user's true location improves efficiency and confidence when onboarding new sub-merchants.
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Risk and customer experience are two sides of the same coin. As a merchant, zero risk and 100 percent frictionless customer experiences are ideal, but usually unachievable. So, how do we embrace the right balance?
This presentation covers:
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- Use-case based strategy to strike balance between risk and response in the funnel
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Join Susan Brown of the MRC, Toby Evans of AusPayNet, Rachel Hall of Ticketmaster, and Ryan Amatoury of Woolworths for a deep dive into the data in these reports and the fraud metrics these subject matter experts expect to see in the coming year.
High-risk merchants categories such as CBD, crypto, gambling, sports betting, and adult content are facing growing scrutiny from their payments and banking partners due to compliance-related concerns.
To mitigate this scrutiny and potential areas of risk, merchants in these high-risk categories are using innovative risk mitigation tools and next-generation geolocation data and geofencing. These vital tools enable high-risk merchants to confidently grow their businesses and accept transactions – even as regulations and compliance requirements increase.
- The most effective tools to mitigate potential compliance risks and protect your organization
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In this webinar, Merchant Risk Council’s VP of Programs and Technology Tracy Kobeda Brown, Cybersource Head of Cybersource Managed Risk Solutions, LAC Talles Moreira, and Verifi VP, Business Development Chris Marchand will explore the answers to these important questions, by diving into key findings and results from the recently launched 2022 Payments and Fraud Report.
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- Share the latest on which new payment methods are gaining the most traction in different parts of the world—and what social and economic factors are driving their adoption.
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Better fraud prevention, all around.
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Learn how your organization can leverage voice biometrics to protect customers and your brand by building the highest levels of protection, trust and loyalty.
KYC has its roots in the early 2000s in an effort to make it much more difficult for criminals to launder money through banks, insurers, and adjacent institutions, as well as to stop terrorism funding. However this approach has been made more and more difficult to help online businesses verify fraudsters.
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