Risk Management

Risk management systems from Wirecard decrease the risk of default in online retail for all established payment options. Individually customized solutions guarantee tailor-made security concepts.

The key benefits are:

•   Prevention of fraud
•   Reduction in defaults
•   Increase in sales and profits

The anonymity of the Internet appeals to criminals. Identity theft and payment fraud have increased drastically in the last few years. A current study on “Risks of Payment Processing on the Internet” concludes that reducing defaults is one of the biggest challenges in online retail at the moment. > Download PDF on the study

Quite a few merchants limit the payment options for their customers in order to reduce their risks. However, fewer payment methods also mean fewer sales. Wirecard risk management systems provide effective protection against fraud and default when using the established payment options. This way sales potential can be fully exploited with minimum risk.

Wirecard’s risk management ensures the greatest possible security for all established payment options. Individually customized and merchant-specific checking methods determine in real-time whether payments are to be accepted or rejected. Fully-automated and modular processes can be adjusted to the respective requirements of merchants quickly, effectively and individually. The processes available can be subdivided into verification at the customer and the transaction levels.