The upcoming holiday season is the busiest and most lucrative time of the year for merchants and fraudsters alike.
The ClearCommerce 5.6 release of FraudShield is the latest in a series of enhancements to accurately and efficiently detect attempted fraud within online retail sales. The fraud solution is comprised of an arsenal of components, including new patent pending technology, which collectively deliver the industry's leading solution for pinpointing actual fraud while maximizing customer satisfaction and accelerating order screening.
The central component of the ClearCommerce FraudShield solutions is a flexible rules engine that enables implementation of a customised order screening process. FraudShield flags suspicious orders for review. Based on business parameters of the retailer, the system can reject pending orders based on geo-location, negative databases, frequency checks, and more.
ClearCommerce also provides a 3D Secure solution to compliment FraudShield with 1500 merchants already live throughout Europe.
"We are constantly evolving our fraud prevention solutions to stay ahead of the ever-changing fraudsters," said Alan Smith, business development director of ClearCommerce (Europe). "Our clients count on us for the expertise and insight to predict how the fraudsters will attack next, and supply them with the solutions that make their online business as safe as their in-store sales, while helping them retain their customers."
Since its foundation in 1995, ClearCommerce solutions remain the leading platform for merchants and service providers that require robust, highly reliable, and scalable financial transaction processing. ClearCommerce helps companies improve the buying experience for their customers, reduce the risks and cost of fraud, increase control over business critical payment data, and achieve a superior return on investment.
