LONDON, October 7, 2013 /PRNewswire/ --
Merchants, Banks and Technology Partners to Benefit from Potential to Reduce the Costs of Fraud and Optimise Approval of Genuine Orders
Global payments services provider, DataCash - a MasterCard company, today announces that its industry leading fraud management solution, GateKeeper:2.0 incorporates MasterCard's Expert Monitoring System Fraud Scoring for Merchants and also MasterCard's Lost-Stolen Account List API .
DataCash's GateKeeper:2.0 is the first fraud management solution to link to MasterCard's Lost-Stolen Account List API , which cross references more than 30 million lost and stolen cards globally, to help online merchants detect fraud.
MasterCard's Expert Monitoring System Fraud Scoring for Merchants also improves a merchant's ability to identify fraud. With this tool MasterCard provides merchants with a highly accurate predictive fraud score that gives broader insight into card behaviour.
The enhancements to DataCash's GateKeeper:2.0 leverage the strength of the MasterCard network and data insights so that Merchants can more accurately detect fraudulent transactions, as well as lessen the potential of rejecting genuine customers.
"These solutions are designed to help merchants run and grow their businesses more efficiently," says Johan Gerber, Group Head, Processing Products for MasterCard. "The integration into DataCash's GateKeeper:2.0 makes it a powerful single platform solution for merchants to manage and execute their fraud strategies."
DataCash's GateKeeper:2.0 is a global solution which utilises multiple layers of advanced technologies and innovation to identify fraud and risk with pin-point accuracy. It currently screens more than 30 million transactions per month, from over 30,000 Merchants across 180 countries worldwide.
"DataCash's GateKeeper:2.0 has been developed with MasterCard to take fraud and risk management for merchants to a new level, enabling them to expand successfully into new geographical markets, industries and digital payment channels," states DataCash President, Ajay Bhalla. "The current fraud landscape is rapidly evolving, and these developments will secure GateKeeper:2.0's precise ability to detect whether a payment is fraudulent or genuine, enabling merchants the potential to grow their businesses without putting their reputation and revenues at risk."
The DataCash webinar 'Fraud Prevention Secrets to Successful Expansion' on Wednesday October 23 2013 will provide merchants with practical strategies to afford them a stronger opportunity to make their expansion plans into new geographical or digital markets a success.
MasterCard (NYSE: MA), http://www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
Founded in 1996, DataCash Group Ltd (part of MasterCard Incorporated) provides multi-channel global payment processing services and advanced fraud prevention and risk management solutions to merchants and banks. As a global partner to some of the world's most recognisable brands in the gaming, travel, retail and finance sectors, DataCash combines smart thinking and an end-to-end solution to help its customers transcend the complexities and expense associated with payment processing. Advanced technology from DataCash enables customers to accept and process payments in over 177 currencies, from over 45 brands across e-commerce, m-commerce channels and cardholder present channels - with the security and confidence of tools tailored to meet exacting and expanding business needs. DataCash customers protect their brand and reputation, enhance end-user experience and capitalise on new global market opportunities.