In addition to the offers in the areas of creditworthiness, creditPass offers fraud prevention via a GeoIP service. The GeoIP service can use the IP addresses of visitors to a website or shop to find out more about their origin. So, for example. automatically adjust the language of the website.
In particular, the GeoIP service can provide important information on fraud prevention. In this way, unusual order patterns can be recognized, e.g. Orders where the address and the country of origin of the credit card are different.
This is made possible by the creditPass ® GeoIP service:
- Adaptation of the content and design of the website to the respective origin of your visitors
- Possibility of a more personal and emotional approach to the given target group
- Fraud prevention
On the safe side with compliance checks!
In accordance with the legal requirements, so-called compliance lists must be checked for legal transactions. Above all, these serve to prevent money laundering and combat terrorism. Compliance with these guidelines is mandatory and failure to comply can result in heavy fines and even imprisonment. creditPass enables a simple and audit-proof query of all relevant lists as evidence for the legislature.
The following compliance checks are currently available on creditPass:
- European Union sanctions list: Common Foreign and Security Policy (CFSP)
- Sanctions List HM Treasury, Financial Sanctions
- US OFAC Sanctions List: Specially Designated Nationals (SDN)
- US BIS Sanctions List: Denied Persons List (DPL)
- US BIS sanctions list: Unverified List (UL)
- PEP check (Political Exposed Persons)
Reduction of return debits through an account check!
Account checks make it possible to identify weak signals of poor creditworthiness at low cost. In particular, when using the electronic SEPA direct debit procedure (SEPA-ELV), costs in the form of return debits can be significantly reduced. Statistics show that approx. 85% of the return debits are due to insufficient funds in the account. So if return debits are currently known for a bank account, there is a very high probability that a new return debit will be expected.
Payment service providers therefore keep blacklists with suspicious account details, especially in brick-and-mortar retail. In addition to these lists to protect against return debits, other checks can also be carried out. This includes checking the plausibility of the account details or unusual payment behavior.
Advantages of checking accounts via creditPass:
- Effective protection against return debits through whitelist and blacklist information
- Different blacklist providers available
- Protection against fraud through check digit check and detection of conspicuous usage behavior
Prevent fraud with a credit card check!
In the case of credit card numbers, the first six digits indicate the card issuer and other criteria. With the credit card check, credit card details can be checked according to the country of origin, among other things. Incorrect or contradicting credit card details are thus recognized and rejected. Particularly in connection with further checks (such as GeoIP), fraud patterns can also be recognized and payment defaults prevented in good time.
The credit card check via creditPass:
- The following data can be output as part of a credit card check: credit card company, existence of the card, country of origin, name of the issuing bank, type of card
- In addition to checking traditional credit cards, debit cards can also be checked
FRAUDMANAGEMENT
In addition to the enormous opportunities, online trading also harbors risks. Since certain scams cannot always be brought under control using conventional methods, creditPass expands the options for combating fraud through profile tracking. The device recognition technology, which is the basis for this, reliably recognizes end devices used on the Internet and can be blocked in the event of fraudulent behavior patterns. This tool is the ideal addition to conventional risk checks.