Merchant Risk

The customer/account holder has a minimum 6 weeks chargeback right without giving any reason for the chargeback. Additionally, the standard mechanisms for risk checking of electronic direct debit transactions are very poor. Most of times, only a basic check for the plausibility of the account details are done.

Result: High amount of fraudulent transactions and resulting charge backs.

EUROPEANDEBIT

approach to provide the electronic direct debit to your industry:

By using a wide variety of highly sophisticated fraud prevention tools and databases, we can indicate fraudulent transactions before the payment transaction is sent to the bank.

Customizable Velocity Checks: Frequent use of the same account or personal detail (per hour/per day/per week).

Tumbling and Wrapping: Check for cross use of personal or account details (i.e. same account details with a different person, eMail account to bank account, IP address to person and so on).

By use of these risk checks we can dramatically decrease the chargeback ratio and guarantee a high consumer acceptance together with a perceptible sales increase without the risk of un-calculable charge-backs.