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Risk management: avoid & minimize payment defaults
Risk management systems from Wirecard minimize the risk of payment defaults in online retail for all established payment options. Individually customized solutions guarantee tailor-made security concepts.
Risk Management Key Benefits:
- Prevention of fraud
- Reduction in payment 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 payment defaults is one of the biggest challenges in online retail at the moment.
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.
