SCNet's comprehensive fraud prevention and detection utility, iPayby AntiFraud, provides an effective way to reduce your exposure to fraud by providing the necessary information to detect fraudulent payments before they are processed. Stopping fraudulent transactions also helps to minimise and avoid chargebacks from the bank.
iPayBy AntiFraud lets you set up your own fraud screening rules for each transaction being processed on your website. These series of rules can be tailored specifically to your business needs and are configured easily from within the iPayBy Administration and Reporting Portal.
The customised screening rules are applied to each transaction in real-time and a risk score is calculated. If the risk score exceeds the maximum defined risk level (customisable) then the transaction is flagged as potentially fraudulent and not passed to the bank for processing. (These transactions can be processed later, if necessary, via the iPayBy Administration and Reporting Portal).
Each time a transaction is processed, an email can optionally be sent to the administrator with details of the transaction, including the risk score. If a fraudulent transaction is attempted this email will highlight this for your reference. You can also easily view the transaction risk scores via the iPayBy Administration and Reporting Portal.