Security and Fraud Mitigation

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Managing Risk

Managing risk is always a trade-off. You can only make your systems 100% secure by not allowing any transactions. The risk of fraud needs to be balanced against the flexibility and ease of use you want to enable for your customers.

Cardholder Authentication (3D Secure)

3D Secure (Three Domain Structure), also known as a cardholder authentication or payer authentication, is a security protocol that helps to prevent fraud in online credit and debit card transactions.

Biometric Authentication

Biometric authentication is a form of cardholder verification that uses customer biometric data such as a fingerprint scan or face recognition, obtained from the cardholder’s mobile device.

Knowledge Based Authentication (KBA)

Knowledge Based Authentication (KBA) requires the cardholder to verify their identity, based on information only they should know. For example, if they are asked a security question, such as "What was your first pet's name?", they can enter the answer "Snuffles". The answer can then be checked against the answer stored for the card.

One-Time Password (OTP Authentication)

Cardinal generates a single-use One-Time Password (OTP). Thredd sends the OTP in an SMS text message to the cardholder’s mobile phone number and the cardholder enters the OTP in the 3D Secure screen to authenticate the e-commerce transaction.

Fraud Transaction Monitoring System

Fraud Transaction Monitoring System

The Fraud Transaction Monitoring System (powered by Featurespace) is a best-in-class, flexible card fraud solution that minimises online and offline card risk and offers real-time detection of card fraud.

Using adaptive behavioural analytics and machine learning, the Fraud Transaction Monitoring System adapts to new fraud types and identifies unknown threats by detecting unexpected changes (anomalies) in real-time data.

Address Verification Service (AVS)

Address Verification Service (AVS)

An AVS check compares the cardholder's billing address used in an an online transaction with the issuing bank’s address information on file for that cardholder.