Automated Verification of Payment Information

Wirecard’s verification of transactions provides a number of methods for preventing fraudulent acts when payments are made in Internet retail.

The key benefits for online retail are:

•   Early identification of high-risk transactions
•   Prevention of cost-intensive return debit notes
•   Reduction of loss of receivables

The damage caused by fraud in online retail runs into the billions. An effective security concept is therefore essential to efficiently protect online sales.

It depends particularly on recognizing fraud patterns early on and reliably. Wirecard provides a whole range of verification methods that are used in an optimized combination according to the different requirements of online merchants.

These are security checks at the transaction level, in which data of each payment transaction is analyzed individually and in real-time for the early recognition of fraud (fraud screening). Verification methods of this type permit early identification of high-risk transactions, prevent cost-intensive return debit notes and reduce loss of receivables. They can be easily combined, configured and managed via the Wirecard Enterprise Portal (WEP), Wirecard’s web-based management tool, according to merchants’ requirements.