PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

MasterCard Anti-Fraud Tool

By Raymond Pucci
June 8, 2016
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Amazon Cash mobile shopping

mobile shopping concept - virtual shop on phone screen with normal shop in background

Coming soon to a merchant near you—MasterCard is launching a cloud based, fraud prevention tool specifically for small and medium sized businesses to use in their e-commerce transactions. As the following article describes, merchants can set risk-based buyer attributes that are then used to automatically approve or deny online transactions.

MasterCard has an e-commerce anti-fraud tool for small and medium sized (SMEs) businesses. Called Simplify Controls, it lets SMEs control, prevent and monitor e-commerce transactions in real time.

MasterCard will sell the anti-fraud tool to acquirers who can then make it available to their customers. Running in the cloud, Simplify Controls helps businesses easily identify and prevent fraudulent activity based on their risk tolerance. It supports all card types, not just MasterCard.

Simplify Controls then automatically declines transactions to meet their risk tolerance and provides merchants with smart alerts so they can stay on top of potentially fraudulent activity. The MasterCard fraud protection integrate fraud scoring from Kount whose decisioning engine analyzes hundreds of variables and activity across the globe in real-time.

The software delivers statistics that merchants can read at a glance to see their overall exposure and potential fraud risks and enabled direct control over the transactions they submit for authorization. It is launching first in the U.S. but will eventually be available globally.

The anti-fraud tool box continues to grow with MasterCard giving merchants control over the approval process for their e-commerce transactions. While several security software firms offer existing solutions for online fraud protection, the new offering appears to be a more cost-effective option especially for smaller merchants. Notably, this MasterCard tool will support other credit cards as well. The software will not be sold directly to merchants, but instead rely on acquirers to provide to their customers. So this may take a while to determine the effectiveness of this new software.


Overview by Raymond Pucci, Associate Director, Research Services at Mercator Advisory Group

Read the full story here

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    commercial card, Allpay ClearBank Prepaid Payments, wealth transfer

    How Banks Can Capture the Wealth Transfer from Boomers to Gen Z

    June 20, 2025
    embedded lending

    Embedded Lending as a Growth Strategy for ISVs—How to Maximize Revenue Potential

    June 18, 2025
    merchant ai

    Merchants Find More Use Cases for AI Amid Risks

    June 17, 2025
    prepaid payroll

    Taking the Check Out of Paycheck: The Role of Prepaid in Payroll

    June 16, 2025
    Banking-as-a-service BaaS

    Remodeling Main Street: How Community Banks Can Leverage the Banking-as-a-Service Paradigm

    June 12, 2025
    How Employee Performance Enhances the Customer Experience

    Three Strategies to Maximize Loyalty in the AI-Driven World 

    June 11, 2025
    PFM tools

    How FIs Are Cutting Through Subscription Clutter with PFM Tools

    June 10, 2025
    child identity theft

    Stranger Danger: Protecting Your Children from Identity Theft

    June 9, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result