Fraud Prevention For Merchants

Merchants

Fraudsters are becoming increasingly sophisticated and efficient in identifying connected consumers who are ready to make purchases anytime, anywhere. Rising E-commerce and M-commerce transactions are providing expanded avenues for fraudsters and scammers to commit fraud and shrink the bottom line for online retailers and merchants.

Fraudsters are exploiting the vulnerability of merchants who have been implementing a very limited and rudimentary form of multilayer fraud management for years. As a result, global merchants are taking the hardest hit from the fraud floating in the digital pool.

QPS offers a perfect blend of machine and human intelligence powered by open API, enabling higher order acceptance rates and reducing false positives for merchants and payment service providers worldwide.

Real-time transaction monitoring available 24/7 and executed through a unique aggregator model offered by QPS has helped merchants save millions of dollars. QPS’s fraud prevention analyst conduct comprehensive authentication verification across multiple transactional variables including email, phone number, billing address, shipping address, IP address by using BIG data analytics.

QPS provides a robust solution for a complete card not present (CNP) fraud and chargeback prevention comprising of machine learning and human intelligence which allows for real-time and batch mode processing. QPS’s analyst derive the fraud score by analyzing a powerful database by highlighting customer’s behavior on specific merchants and then negating the chargeback propensity termed as chargeback propensity rate.



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Testimonial

"Our use of QPS's allowed us to seamlessly and effectively extend our existing staff into after hours, weekend and holiday coverage to match the never ending efforts of the fraudsters. Their collaborative approach to partnering with Bethpage and our combined laser focus on transaction monito ring has resulted in quite significant confirmed fraud saves and a higher level of member service."

Robert Hoppenstedt
SVP Operations and Marketing, Bethpage Federal Credit Union

"Our partnership with QPS has helped us with a robust round the clock transaction monitoring framework inclusive of rule efficacy and a structured fraud fighting approach."

Shanta Sewnarain
Asst. Vice President - Operations and Risk, Bethpage Federal Credit Union

Looking for a fraud prevention solution to secure transactions?