Velocity checks

velocity-checksThanks to Akurateco’s Velocity Fraud Checking, enterprise can reduce fraud potential in the most vulnerable area – at the transaction process.

Payment transactions are always high risk because there are no employees present to perform identity verification checks on card transactions, making it easier to pay with stolen cards. With Velocity Checks, limits can be set to the number of times a consumer’s credit card can be used while making purchases. Cards exceeding these preset limits are declined, virtually eliminating the possibility of fraudulent card usage.