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Blog Against Fraud

PSPs: 5 Best Practices for Enterprise-Class Fraud Prevention

Posted on Thursday, February 16, 2017

Payment Service Providers (PSPs) like BlueSnap, Braintree, Chase Paymentech, GoECart, Magento, and X-Cart are offering portfolio-level fraud prevention as a baseline service to their merchants. This type of value-added offering is helping these issuers, acquirers, payment processors, payment gateways, eCommerce platforms, etc.:

  • Win new accounts and reduce churn
  • Minimize the financial and regulatory risks of onboarding and underwriting merchants

If you are a PSP exploring platform-wide fraud prevention as a strategy for overcoming the Top 7 Challenges Payment Service Providers Are Facing, it’s critical that you understand the best practices for enterprise-class fraud prevention in order to achieve maximum ROI:

  1. Sophisticated Screening and Analytics
  2. Real-Time Fraud and Risk Data
  3. Advanced AI and Machine Learning
  4. Expert Human Intelligence
  5. Portfolio Underwriting
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Topics: fraud prevention, payment service providers

Top 7 Challenges Payment Service Providers Are Facing

Posted on Tuesday, February 14, 2017

Payment Service Providers (PSPs) are facing unprecedented competitive
challenges. With thousands of PSPs already in the marketplace and hundreds of new entrants adding to the competitive pressure each year – it’s becoming more and more difficult to: 

  • Win new merchant business and retain existing accounts
  • Protect against the financial and regulatory risks of onboarding and underwriting merchants
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Topics: payment service providers, regulatory risks

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