NoFraud is a fully-managed, multi-tiered system of fraud prevention technologies seamlessly combined.
NoFraud uses device fingerprinting to gain baseline information about the customer
IP Geolocation allows NoFraud to compare the device location to the billing or shipping address
Proxy piercing detects if the customer is actually where he or she claims to be
Monitors future transactions to retroactively flag past transactions as fraudulent when new data becomes available
Monitors transaction velocity to identify risk through related transactions in close succession
Persona tracking identifies order characteristics and customer behavior to establish risk
Pulls data from social media databases to verify identity
NoFraud accesses bank identification numbers to cross-reference banks' information on a customer's location
Utilizes global and merchant-specific blacklists to cross-reference transactions
Monitors global customer blacklists
Examines bank identification numbers
Allows incorporation of merchant-specific data points and customer lists
Our staff have developed an algorithm that is far superior to alternatives, allowing us to offer the lowest billing rates.
Address Verification and Card Verification Number service is built directly into the system.
how it works - multiple levels of fraud prevention
Data is cross-referenced with external databases, including IP, Device, Proxy, Global Blacklists, and other historical data, to identify red flags and collect user activity that may add risk.
Advanced machine learning algorithms scrutinize user behavior to identify trends that add additional risk. Areas vetted include Geo-location, Transaction Velocity, Cross-Transaction Data, High-Risk Characteristics, and Persona Analysis.
User-provided data is analyzed and cross referenced for inconsistencies, enabling our system to distinguish typos from fraud. Data sources include AVS, CVV/CVV2, BIN, Social Data and publicly available information.
Nearly every declined transaction is looked over by a fraud expert, as well as selected approved transactions, to ensure nothing goes unnoticed.
Live Cardholder Verification
Where cardholder contact information is verifiable, NoFraud will contact a customer directly to confirm the legitimacy of their order before declining a flagged transaction.
Merchants retain access to their account and can make the decision to approve or decline a customer or specific transactions.
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Crushing eCommerce fraud is easy and it only takes a few minutes to get started.