Online fraud is a big expense for almost every eCommerce merchant. With NoFraud, you can rest easy that your business is safe from fraudulent transactions & wash your hands of all fraud prevention tasks that occupy hours of your staff’s time e.g. manual review, rule building.
NoFraud offers fully automated e-commerce fraud prevention through real-time virtual identity verification. We deliver individual, real-time decisions for each transaction using thousands of data points and virtually every fraud detection technology available. NoFraud has successfully reduced fraud for its customers to below 0.1% of transactions, and virtually eliminates false-positives with live cardholder verification.
During this process, the transaction in your Shopsite admin will show as “Suspected Fraud” until it is verified. NoFraud uses contact information linked to the cardholder when conducting a Cardholder Verification. Once completed, the customer's response is passed back to the merchant for processing or cancellation.
The PCI Security Standards Council is a global forum for the ongoing development, enhancement, storage, dissemination and implementation of security standards for account data protection.
Designed by the U.S. Department of Commerce and the European Commission and Swiss Administration to provide companies on both sides of the Atlantic with a mechanism to comply with data protection requirements.
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