Secure transactions and minimize instances of fraud with CCAvenue's Velocity Checks
4th July, 2014
Preventing fraud is always the topmost challenge for web merchants. CCAvenue's Velocity Checks feature enables you to secure your online transactions conveniently. You can configure the velocity checks to make sure that your website is safe from possible fraudulent attacks. Set restrictions on all transactions by customers on your website to minimize fraud-related expenses. Velocity checks can be set on transaction frequency and card usage occurring within a specific timeframe. All transactions are initially passed through our specially designed fraud velocity filters before they are processed. Increase profitability and safeguard huge volume of transactions with our velocity checks.
In the last few years there has been a significant increase in the reporting of online frauds. So, it is crucial that a merchant takes adequate measures to curb instances of fraud. Financial loss from frauds can be enormous; it also damages reputations, reduces revenues and degrades the customer experience. CCAvenue has specially designed velocity checks to help reduce the possibility of large volumes of fraudulent transactions. Velocity checks can be set for transaction limits, monthly/daily/weekly limits, transaction currency and value. You can set maximum and minimum limits for transaction and maximum transaction limits for per user, per card, per user per card, per user per IP and total transaction amount per user. All transactions are passed through our specially designed fraud velocity checks before being processed.
If any of the configured velocity check limits are exceeded (or not attained in case of minimum limits), transaction will fail with an error code, and your customer will be notified. This enables you to be alerted when there are possible instances of fraud due to abnormal buying behaviours. CCAvenue's Velocity checks will prevent the possibility of large volumes of fraudulent transactions, and in turn reduce chargeback rates and false positives transactions, to maximise revenues.
At CCAvenue we understand your unique business needs and constantly innovate to develop features to help your business prosper. We have introduced a range of cutting-edge features to help merchants increase their sales conversion like Multiple Currency Processing, Smart Dynamic Routing, Retry Option, CCAvenue Checkout, CCAvenue Store Front, iFrame Integration and more. CCAvenue offers overs 100+ payment options, including 6 leading credit cards, 70+ debit cards, 45+ net banking, 5 cash cards, 2 mobile payments and 4 EMI options for customers to choose from while making payments.
Avail CCAvenue's Velocity Checks feature to increase profitability and safeguard huge volume of transactions with our range of controls!!
In the last few years there has been a significant increase in the reporting of online frauds. So, it is crucial that a merchant takes adequate measures to curb instances of fraud. Financial loss from frauds can be enormous; it also damages reputations, reduces revenues and degrades the customer experience. CCAvenue has specially designed velocity checks to help reduce the possibility of large volumes of fraudulent transactions. Velocity checks can be set for transaction limits, monthly/daily/weekly limits, transaction currency and value. You can set maximum and minimum limits for transaction and maximum transaction limits for per user, per card, per user per card, per user per IP and total transaction amount per user. All transactions are passed through our specially designed fraud velocity checks before being processed.
If any of the configured velocity check limits are exceeded (or not attained in case of minimum limits), transaction will fail with an error code, and your customer will be notified. This enables you to be alerted when there are possible instances of fraud due to abnormal buying behaviours. CCAvenue's Velocity checks will prevent the possibility of large volumes of fraudulent transactions, and in turn reduce chargeback rates and false positives transactions, to maximise revenues.
At CCAvenue we understand your unique business needs and constantly innovate to develop features to help your business prosper. We have introduced a range of cutting-edge features to help merchants increase their sales conversion like Multiple Currency Processing, Smart Dynamic Routing, Retry Option, CCAvenue Checkout, CCAvenue Store Front, iFrame Integration and more. CCAvenue offers overs 100+ payment options, including 6 leading credit cards, 70+ debit cards, 45+ net banking, 5 cash cards, 2 mobile payments and 4 EMI options for customers to choose from while making payments.
Avail CCAvenue's Velocity Checks feature to increase profitability and safeguard huge volume of transactions with our range of controls!!
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