Fraudsters are becoming increasingly sophisticated and efficient in identifying connected consumers who are ready to make purchases anytime, anywhere. Rising E-commerce and M-commerce transactions are providing expanded avenues for fraudsters and scammers to commit fraud and shrink the bottom line for online retailers and merchants.
Fraudsters are exploiting the vulnerability of merchants who have been implementing a very limited and rudimentary form of multilayer fraud management for years. As a result, global merchants are taking the hardest hit from the fraud floating in the digital pool.
QPS offers a perfect blend of machine and human intelligence powered by open API, enabling higher order acceptance rates and reducing false positives for merchants and payment service providers worldwide.
Real-time transaction monitoring available 24/7 and executed through a unique aggregator model offered by QPS has helped merchants save millions of dollars. QPS’s fraud prevention analyst conduct comprehensive authentication verification across multiple transactional variables including email, phone number, billing address, shipping address, IP address by using BIG data analytics.
QPS provides a robust solution for a complete card not present (CNP) fraud and chargeback prevention comprising of machine learning and human intelligence which allows for real-time and batch mode processing. QPS’s analyst derive the fraud score by analyzing a powerful database by highlighting customer’s behavior on specific merchants and then negating the chargeback propensity termed as chargeback propensity rate.