PayGate Reduces Fraud for African Regional Airline
Written by: MyPressportal Team Save to InstapaperPayment service provider PayGate says its automated fraud protection service PayProtector continues to save online businesses from lost revenue due to online fraud attempts.
“At one regional airline in Africa we reduced their incidence of fraud from over a million rand a month to under R80,000 in just one month,” says PayGate’s general manager for business development Brendon Williamson. “PayProtector costs very little to implement, its not as complicated as some of the bigger independent fraud engines, but its effective and powerful in detecting the activity of online fraudsters using stolen credit cards and fake identities”
Williamson says fraudsters operate globally and are highly skilled and agile: “Once any particular site is known to be vulnerable they will take it for everything they can. We have seen online businesses wiped out in weeks.” The 3D Secure protection system introduced by MasterCard and Visa offers good protection, says Williamson, “but no single system can offer 100% protection without impacting your positive customers. It’s a fundamental process, but if you are operating in a high-risk space, its not good enough on its own.”
PayProtector offers live online risk checking as well as a daily transaction report that highlights suspicious transactions. “We recommend live online checks for businesses that sell virtual products like software, music or vouchers that customers expect to be able to download immediately,” says Williamson. “As the transaction passes through our gateway we check it against a global database of known hot cards, as well as running it through additional monitoring rules. If the card or card holder is red flagged, we have the ability to reject the transaction or push for further investigation.”
For businesses that ship physical products, “a daily transaction report may be all they need. We colour code transactions red, amber or green and the retailer has the freedom to decide what to do with each one. They may decide to delay shipping until the transaction is verified, or play it safe and instantly refund the transaction.”
In many cases, says Williamson, the very fact that a fraud check and delays are in place is enough to discourage fraudsters. “Most of the time they’ll move on to a more vulnerable target rather than waste their time with a site that has some protection.”
Online fraud is a reality, but there are proven ways to ensure that you do not become a victim, PayGates PayProtector is one of them.
- See more at: http://paymentsafrika.com/payment-news/online-payments/paygate-reduces-fraud-for-african-regional-airline/#sthash.BRf0txVz.dpuf
Latest from
- WOO Announces Innovation Awards Winners At Mexico City Global Congress
- Supersport Unveils coverage For World Test Championship Final
- Angola’s Block 17 Partners Sign License Extension, Signaling Commitment TO Increasing Offshore Production
- Social Grants Go Unpaid As Beneficiaries Struggle With Sassa's System
- New Species OF Rain Frog Discovered In South Africa
- Mandela DAY 2025 - Uniting TO Combat Poverty And Inequity
- Breaking The HIV Bottleneck - Why SUB-saharan Africa Must Lead The Way
- Gerety Awards Reveals 2025 Shortlist
- Volpes - The Heart OF A South African Winter Home
- FAO Forecasts Record Highs For Global Food Crops Amid Market Uncertainty
- Motsoaledi Hails Historic Pandemic Pact At G20 Health Summit
- A DAY OF Prestige - Johnnie Walker Blue Polo Unites Icons OF Fashion, Whisky And Polo In Johannesburg
- 5FM Announces '5FM Lunchbox Drive'
- Azule Energy Chief Executive Officer (CEO) TO Discuss Angolan Projects, Future Investments At Angola Oil & GAS (AOG) 2025
- Can The African Energy Bank Transform The Continent’s Refining And Downstream Future?
The Pulse Latest Articles
- Winter Hydration Just Got A Glow Up (June 10, 2025)
- Work From Anywhere: Emails, Elephants & Espresso: The New Office Life (June 10, 2025)
- Xlink Crowned Technology Company Of The Year At The Africa Tech Week Awards 2025 (June 5, 2025)
- Celebrate International Day Of Play With The Weirdest (and Most Wonderful) Toys Of 2025 (June 4, 2025)
- Switching On The Future - Landmark Electricity Expo Comes To Joburg (June 3, 2025)