We are excited to announce our latest product – Fraud Prevention Service.
Fraudulent behaviours take many resources to resolve, in addition to the monetary loss caused to users, issuers, and card schemes. As card digitization is gaining popularity, frauds in this area do the same.
Payair’s Fraud Prevention Service mitigates this by blocking the fraud attempt before the card is even digitized to a fraudulent device.
Device blocking is transparently added as an automated function to the issuer’s normal fraud reporting flows, allowing customer support to perform device block/unblock operations without any changes to the existing processes. It just works out of the box.
If you want to know more details about our Fraud Prevention Service, get in contact with us.