Transaction Verification

Minimizing the risk of fraud and default is essential for merchants. Wirecard's customized verification methods support merchants in protecting against fraud.

Key advantages:

• Minimizes non-payment due to deficient credit score

• Automated fraud detection

• Reduces default caused by fraud

• Increases conversion rate through an optimized range of payment methods

The Internet holds a particular appeal to criminals. Fraud has increased drastically in recent years. Some merchants limit the payment options they provide to customers in an attempt to reduce risks. Yet doing so also means lower sales.
So as not to forgo customers and therefore sales, Merchants can protect themselves against default while continuing to give their customers the choice between as many payment methods as possible.

Wirecard's risk management systems provide effective protection against fraud and default when using the established payment options. Wirecard verifies all data and information in real-time as a payment is being submitted. This way fraud can be detected in time and effective steps taken to counteract it.
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.