State-of-the-Art Fraud Prevention Designed for Brazil
PagBrasil / PagShield® Fraud Prevention
PagShield Fraud Prevention
Credit Card Fraud in Brazil
Brazil is one of the top 10 countries in the world with the highest credit card fraud rates. However, fraud levels depend strongly on the business segment a merchant is active in. The most common types of card fraud are identity theft and friendly fraud. Identity theft is when someone’s personal information is stolen to gain access to bank or credit card accounts or to open new accounts. Friendly fraud is committed by cardholders who order a product or service in their own name and later claim for a chargeback by providing false information. Another kind of friendly fraud is when a person close to the cardholder makes a purchase without his/her consent.
Brazil ’s consumer defense legislation is one of the strongest in the world. Consequently, banks are required to accept chargebacks filed by consumers and immediately return the amount paid. This same legislation also significantly reduces the chances for merchants to successfully file a dispute on unjustified chargebacks. In addition, 3D-Secure is to date unavailable for online purchases in Brazil. Under this scenario, a powerful online fraud prevention solution is a must.
PagShield®, Intelligent Domestic Online Fraud Prevention
PagShield® is PagBrasil’s intelligent and state-of-the-art online fraud prevention solution for merchants processing payments with PagBrasil. The anti-fraud solution is specifically designed for Brazil, taking into account market particularities, which are often not considered by multinational anti-fraud service providers. Our solution is based on a unique technology with intelligent self-learning buying behavior analyses, which fights fraud in real-time at a low cost. Merchants can identify fraudulent transactions automatically, thereby saving time on manual reviews and reducing false positives.
Key Features of PagShield® Fraud Prevention
|Domestic Brazilian solution||PagShield® has been designed for the Brazilian market, with features optimized for local particularities, such as checking the address provided against the IP geo-location.|
|State-of-the-art buying behavior technology||We analyze how customers browse through your pages by utilizing mechanisms such as device fingerprint, IP geo-location, social graph, proxy detection and velocity checks. Our algorithm automatically adapts itself to each e-commerce business.|
|Self-learning algorithm||PagShield®’s machine learning technology adapts itself to browsing patterns. This allows it to automatically identify any atypical behavior on your website. Constant and time-consuming management of fraud rules becomes dispensable.|
|Easy configuration||PagShield® can easily be set up with just a few configurations. Simple fraud rules allow the system to be customized to each merchant’s individual needs.|
|Real-time and highly efficient||All transactions are analyzed and given a score in real-time. Suspicious orders are identified, while our technology keeps false positives to a minimum. As a result, you will get higher approval rates than traditional anti-fraud systems.|
|Compatible||PagShield® can be combined with your existing anti-fraud solution providing additional fraud scoring information.|
|Cost-effective||PagBrasil customers benefit from a highly efficient anti-fraud solution for a fair cost per transaction charge. Setup and configuration is free. There are no contractual obligations in terms of duration or volume.|
PagBrasil’s online fraud prevention solution will cause your chargeback rates to drop notably. It provides the best efficiency and return on investment for small as well as for large merchants.
Contact us to get started.