In addition to our services in the areas of credit reports and credit checks, creditPass® provides fraud prevention with the GeoIP service. You can check the origin of an IP address transmitted by a visitor or a customer of your shop. With this information, you are able to adjust the language for your customer automatically.
Moreover, the GeoIP service provides important information for fraud prevention purposes. So, unusual order patterns can be detected, such as orders in which the address and the country of issue of the credit card differs.
According to legal principles compliance lists must be checked before closing contracts. These are mainly used to prevent money laundering and fight terrorism. Compliance with these requirements is mandatory and it may result in heavy fines or even jail if not respected. creditPass enables simple and auditable querying of all relevant lists. Similar to our credit checks, these lists can be checked in real time.
Accounts checks allow the detection of weak signals of lacking credit worthiness. Particularly when using the electronic SEPA Direct Debit ( SEPA ELV ), costs caused by chargebacks are significantly reduced. Statistics show that approximately 85% of chargebacks occur due to insufficient funds. So are chargebacks known to a certain account, it is very likley they will happen again.
Payment service provider maintain lists with such accounts. In addition to these lists, however, further tests can be performed . A good addition is, for example, to prove the formal plausibility of an account or check if unusual payment patterns have already occured.
The first six digits of credit card numbers indicate the card issuers and other criteria. With the credit card check the given card information, for example the country of origin, can be validated. Incorrect or inconsistent credit card data are thus detected and rejected. In particular, in conjunction with other tests, such as GeoIP,
fraud patterns can be detected and payment losses are prevented in time.
Apart from the enormous opportunities of online trading, e-commerce also poses risks. Since certain scam methods can not be prevented with conventional methods, creditPass extends the possibilities for preventing fraud by tracking profiles. With device fingerprinting, used devices can be tracked and fraudulent behavior patterns can be blocked. This is an ideal addition to all kinds of risk checks.
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